Central bank raises base rate 30 bps
Hungarian rate-setters raised the central bank's base rate by 30 basis points to 1.20 percent at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
Matolcsy: government’s economic recovery strategy over-reliant on ‘steel and concrete’
Hungary's sustainable convergence with more developed economies could be inhibited if the government continues to rely on the construction sector to prop up growth once the economy recovers, Gyorgy Matolcsy wrote in an article published on Monday.
DK vows to lead Hungary into euro zone
The Democratic Coalition will lead Hungary into the euro zone if it is victorious in next year's general election, Balazs Barkoczi, the party's spokesman, told an online press conference on Monday.
Matolcsy plugs away at arguments for fiscal tightening
National Bank of Hungary (NBH) governor Gyorgy Matolcsy reiterated and refined arguments for reining in next year's budget deficit in an op-ed piece published on the website of daily Magyar Nemzet on Monday.
V4 central bank heads hold conference on green transition
Governors of the central banks of the Visegrad Group countries and the region's leading financial experts on Thursday held a conference on green transition in the region, organised by the National Bank of Hungary (NBH).
Construction sector output rebounds from low base in May
Output of Hungary's construction sector rose by an annual 18.7 percent in May, recovering from a double-digit decline in the base period, data released by the Central Statistical Office (KSH) on Thursday show.
Government adopts further proposals to restart economy
The government has adopted further proposals by the body in charge of measures to restart the economy, mostly concerning Hungary's position in the international competition for investments, Foreign Minister Peter Szijjarto said on Wednesday.
Industrial output up 39.1 percent yr/yr in May
Industrial output in Hungary grew by an annual 39.1 percent in May, Central Statistical Office (KSH) KSH confirmed on Wednesday.
Finance Minister: Hungary’s economy relaunching faster than in other EU countries
Brussels has recognised that Hungary's economic relaunch is happening at a faster pace than in the other EU countries, Mihaly Varga, the finance minister, said in a statement after a meeting of EU finance ministers (ECOFIN).
Minister: Brussels 'could not thwart' Hungarian economy
EC to propose prolonged assessment of Hungary recovery plan
The European Commission will propose prolonging the assessment period of Hungary's recovery plan, in which the country has requested 7.2 billion euros in funding from the EU's Recovery and Resilience Facility (RRF) designed to offset the fallout of the coronavirus epidemic, an EC spokesperson ...
