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Central bank rate-setters have cut the base rate to 0.60%. The policy makers cut the base rate by 15 basis points for the second month in a row after leaving it unchanged for a little more than four years.
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Council of Europe Development Bank (CEB) is supporting Hungary’s coronavirus protection efforts with 175 million euros to fund the procurement of ICU beds, protective gear, tests and disinfectants, Finance Minister Mihály Varga said.
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President János Áder signed the law establishing the state budget that also amends the rules governing the Itemised Tax for Small Businesses (KATA) in a bid to crack down on small business tax abusers.
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The Central Bank of Hungry's Deputy Governor, Mihaly Patai, discusses why he's more optimistic about Hungary's recovery picture than others.
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The National Bank of Hungary (MNB) is proposing to maintain the current limit for the mandatory use of the PIN code for touch card purchases, which was increased from HUF 5,000 to HUF 15,000 from March 20, said Lajos Bartha, the MNB’s managing director, at a press conference in Budapest, writes origo.hu.
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The opposition Democratic Coalition has called on György Matolcsy, the governor of the National Bank of Hungary, “to stop weakening the national currency, the forint”.
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