Central bank raises base rate to 1.65 percent
Hungarian rate-setters raised the central bank's base rate by 15 basis points to 1.65 percent at a scheduled meeting. The Monetary Council slowed the pace of the central bank's tightening cycle after deciding on 30bp base rate hikes at policy meetings in June, July ...
Finance minister: Government aims to keep Hungary on growth path
To keep Hungary on a growth path the government must launch its economic recovery and resilience programme in all parts of the country, Finance Minister Mihaly Varga said on Friday.
Rate-setter warns about underestimating risk of persistent rise in inflation
It would be a mistake to underestimate the risk of a persistent rise in inflation, National Bank of Hungary deputy governor Barnabas Virag said on Thursday.
Szazadveg raises GDP forecast to 7.8 percent
Hungary's economy is expected to grow by 7.8 percent this year, Szazadveg said on Wednesday. The economic research institute in June forecasted 6 percent growth.
Hungary issues USD 4.25 billion of dollar bonds
Hungary issued 4.25 billion dollars of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and long,10- and 30-year maturities, Finance Minister Mihaly Varga said in a video posted on Facebook on Wednesday.
Industrial output up 8 percent in July
Industrial output in Hungary grew by an annual 8 percent in July, reaching levels last seen before the pandemic, the Central Statistical Office (KSH) confirmed in a second estimate on Tuesday.
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.
