Banking association backs only targeted support for borrowers in need
The Hungarian Banking Association on Wednesday said it cannot back support for borrowers that extends beyond those who really need it in minutes from an annual meeting of the professional body's board.
Civil organisations call on government to withdraw proposal on sale of council-owned rental flats
Professional organisations have called for the withdrawal of draft legislation on the mandatory sale of local council-owned rental apartments, originally maintained by councils to help vulnerable citizens.
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.
