Analyst: After Hungary’s Downturn, Major Growth Expected Next Year
- 25 Jun 2020 7:29 AM
Századvég analyst Gábor Regős reckons Hungary’s economy will contract by almost 3% this year before picking up to 5% in 2021.
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Governor: Bank Base Rate Cut Serves To Jumpstart Hungarian Economy
- 24 Jun 2020 10:30 AM
Explaining Tuesday’s base rate cut, György Matolcsy, governor of the National Bank of Hungary (NBH), told a press conference after the Monetary Council’s meeting that the central bank had to make decisions for the economy to take the expected jumpstart from the third quarter.
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Hungarian National Bank Suddenly Cuts Base Rate After Four Years
- 24 Jun 2020 10:25 AM
Contrary to all forecasts, the MNB’s monetary council cut the base rate for the first time in four years yesterday, from 0.9% to 0.75%.
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Moody's: Stable Outlook Makes Hungary Withstand External Shocks Better
- 23 Jun 2020 7:18 AM
Hungary’s diversified economy and disciplined fiscal policy support the country’s ‘Baa3’ credit rating with a stable outlook, ratings agency Moody’s said in an annual report.
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London Analysts Expecting A Strong Recovery For Hungary
- 22 Jun 2020 7:28 AM
According to London macroeconomic analysts, Hungary will be among the emerging economies in Europe where the value of gross domestic product will reach the pre-COVID levels by the end of next year, writes conservative economics daily Világgazdaság.
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Facebook & Booking.com Pay Big Fines Issued By Hungary
- 12 Jun 2020 11:20 AM
Facebook and Booking.com have voluntarily paid respective fines of Ft 1.2 billion and Ft 2.5 billion issued by the Competition Authority (GVH) but both companies have challenged the penalties in court, head of the authority Csaba Rigó said on Wednesday.
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