Government extends repayment moratorium for vulnerable borrowers until June 2022
The government has decided to extend the moratorium on loan repayments for vulnerable borrowers until June 30, 2022, Finance Minister Mihaly Varga said on Monday.
Varga: EU finance ministers agree supportive fiscal policy still needed
European Union finance ministers agree that supportive fiscal policy is still necessary for the economic recovery, Finance Minister Mihaly Varga said after an informal ECOFIN meeting in Brdo, Slovenia.
Szijjarto: Hungary to prefinance EU funding to businesses impacted by Brexit
The government has decided to put out a bid worth 22 billion forints (EUR 63m) to help Hungarian companies impacted by Brexit this year already and advance community funding that will only become available between 2022-2025, Foreign Minister Peter Szijjarto said.
Finance minister calls for ‘significant’ minimum wage rise
A "significant" minimum wage hike is needed to retain Hungary's current advantage against other European countries in restarting the economy after the coronavirus pandemic, Finance Minister Mihaly Varga said after talks with Laszlo Parragh, the head of the Hungarian Chamber of Commerce and Industry.
PM economic advisor: CEE region economies recovering faster than Mediterranean
Hungary's economy has already recovered from effects of the pandemic, similarly to the economies of Poland, Romania, Lithuania and Latvia, while the national economies of several Mediterranean states need a lot more time, Marton Nagy, senior economic advisor to Prime Minister Viktor Orban, said ...
Stimulus lifts budget deficit to HUF 1,900.7 billion in August
Hungary's cash flow-based budget deficit, excluding local councils, was 1,900.7 billion at the end of August, the Finance Ministry said in a preliminary release on Wednesday.
Inflation at 4.9 percent in August
Annual inflation in Hungary was 4.9 percent in August, up from 4.6 percent in the previous month, the Central Statistical Office (KSH) said on Wednesday.
Retail sales climb 3 percent in July
Retail sales in Hungary rose by an annual 2.5 percent in July, or 3.0 percent when adjusted for calendar year effects, preliminary data released by the Central Statistical Office (KSH) on Friday show.
CJEU rules Hungary law on FX loans complies with EU directive
The Court of Justice of the European Union (CJEU) on Thursday ruled that Hungarian legislation that prohibits the annulment of a loan agreement denominated in a foreign currency on the ground that it contains an unfair term relating to exchange rate differences complies with ...
GDP rebounds from low pandemic base
Hungary's second-quarter GDP grew by 17.9 percent year-on-year, after a double-digit decline in the base period, the Central Statistical Office (KSH) confirmed in a second reading of data released on Wednesday.
