Finance Minister: 2022 budget pinpoints relaunching economy
The 2022 budget is devoted to relaunching Hungary's economy, Mihaly Varga, the finance minister, said during a presentation of the draft budget to lawmakers on Wednesday.
Analysts say contraction was milder than expected
Hungary GDP down 2.3pc y/y in Q1
Hungarian economic output contracted by an annual 2.3 percent in the first quarter, the Central Statistical Office (KSH) said in a first reading of data. The scale of the contraction was the smallest since the start of the coronavirus crisis. Hungary's annual GDP has ...
End of debt moratorium ‘unlikely to cause bankruptcy wave’, survey says
The majority of businesses are viable, and the end of the current loan repayment moratorium is not expected to cause a wave of bankruptcies, economic research institute Szazadveg said citing a recent survey on Tuesday.
Szijjarto: Hungary rejects plans to introduce global minimum tax
Hungary will reject the introduction of a global minimum tax since such a measure would entail tax increases in the country, Peter Szijjarto, the minister of foreign affairs and trade, told MTI, after a meeting with Mathias Cormann, the incoming secretary-general of the OECD, ...
NBH policy makers could weigh rate hike in June
The Monetary Council of the National Bank of Hungary (NBH) could consider raising the base rate at a policy meeting in June, deputy governor Barnabas Virag said on Monday, Reuters reported.
EU RRF credit ‘not the most suitable’ for achieving national goals
Hungary's government decided earlier that European Union credit available in the framework of the Recovery and Resilience Facility (RRF) didn't dovetail with national targets, state secretary for EU developments Szabolcs Agosthazy said in an interview published in Monday's issue of business daily Vilaggazdasag.
Government looking into extending loan moratorium for vulnerable
The government will decide whether to uphold the loan moratorium for vulnerable borrowers after consultation with the Hungarian Banking Association and the National Bank of Hungary (NBH), a government official said.
Hungary cryptocurrency provisions could serve as model and raise revenue
The Hungarian government's proposed legislation regulating capital gains from cryptocurrencies and taxing them at a rate of 15 percent could serve as a paradigm for other policy makers as well as boost budget revenue, tax affairs state secretary Norbert Izer said in Thursday's issue ...
Construction sector output rebounds from low base in March
Output of Hungary's construction sector rose by an annual 4.3 percent in March, after contracting in the base period as the country went into pandemic lockdown, the Central Statistical Office (KSH) said on Thursday.
Projection for average growth for the EU is 4.2 percent
EC raises Hungary 2021 GDP growth forecast to 5 percent
The European Commission has projected the Hungary GDP will grow by 5.0 percent this year, in a spring economic forecast published on Wednesday. The projection was raised from 4.0 percent in the EC's winter forecast released in February.
