Finance Minister Mihály Varga has met with his Swiss counterpart Ueli Maurer in Bern, the Finance Ministry said on Friday. Swiss companies operating in Hungary remained committed to their presence in the country even during the economic downturn caused by the coronavirus crisis, Varga said.
The government is working to ensure that the backbone of Hungary’s food supply is made up of domestic companies, Peter Szijjártó, the minister of foreign affairs and trade, said on Friday, noting the importance of domestic food supplies during the coronavirus pandemic.
Hungary’s cash-flow-based budget deficit, excluding local councils, was 5,101.5 billion forints (EUR 14.3bn) at the end of December, the finance ministry confirmed in a detailed reading of data on Friday.
A blockchain neobank set up by Benker, a financial services company established by Hungarian experts, has been licenced by the Bank of Lithuania, Benker told MTI. Benker’s business is the first officially licenced blockchain neobank in Europe.
Farm gate prices in Hungary rose an annual 27.2% in November, the Central Statistical Office (KSH) said.
Hungary is set to become self-sufficient in terms of electricity supplies thanks to the expansion of the Paks nuclear power station and investment projects in solar energy, the foreign ministry said, citing Foreign Minister Péter Szijjártó on Monday.
The government freeze of rates on retail mortgage loans in place for the first half of 2022 will save Hungarian families 30 billion forints (EUR 83.9m), the finance minister said over the weekend.
Politicians of three opposition parties on Sunday criticised the government’s rollback of basic food prices, insisting that it offered no solution to rising inflation. Máté Kanász-Nagy, co-leader of green LMP, said the cuts were only a “pseudo measure” serving to “cover for the government’s flawed economic policy”.
Hungarian annual inflation was 7.4% in December, the Central Statistical Office (KSH) said on Friday. Higher cigarette and vehicle fuel prices continued to be the main drivers, though food and consumer durables prices rose above headline inflation. Spirits and tobacco prices increased by 8.9%, including a 12.7% rise in the price of tobacco products. Prices […]
Output of Hungary’s construction sector rose by an annual 12.3% in November, the Central Statistical Office (KSH) said on Friday.