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Hungary's annualised consumer price index reached 3.2pc in October, inching up from 3.0pc in the previous month, data released by the Central Statistics Office (KSH) on Tuesday show.
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Hungarian households' high savings rate and net financial assets, well over the average for the region, are a "growth reserve" for the national economy, if they can be channeled to corporate financing, Barnabas Virag, a deputy governor at the National Bank of Hungary (NBH), said at a conference organised by the Budapest Stock Exchange.
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The monthly maximum for free cash withdrawals from ATMs will be raised from Ft 150,000 to Ft 250,000, as Parliament’s economy committee and MPs supported the proposal in the consumer protection subcommittee on Tuesday.
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Hungary's GDP contracted 0.7pc year-on-year in the third quarter, adjusted for seasonal and calendar year effects, a first reading of data released by the Central Statistics Office (KSH) on Wednesday shows.
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A tax bill submitted by the Finance Ministry to parliament on Wednesday would double tax preferences for families with children, extend the preferential VAT rate for home purchases and phase out some taxes on businesses.
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The Hungarian film subsidy system has been secured for another six years, until 2030, Csaba Káel, the government commissioner for the development of the motion picture industry, announced in Los Angeles on Monday night.
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