Central bank leaves base rate on hold
Hungarian rate-setters left the central bank base rate at 0.60 percent on Tuesday, while also leaving the interest rate corridor unchanged, the National Bank of Hungary (NBH) announced.
Finance minister: Hungary poised to lead EU economic rebound
Hungary is poised to lead the European Union's post-pandemic economic rebound, Finance Minister Mihaly Varga said after meeting his EU counterparts in Lisbon on Friday.
Szijjarto calls for more EU free trade deals
Hungary urges the European Union to sign as many free trade agreements as it can over the coming period, Peter Szijjarto, the minister of foreign affairs and trade, said during a break in a meeting with his EU counterparts in Brussels on Thursday.
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.
