Government to Support Rail Cargo Transport
The government is allocating 30 billion forints (EUR 85.6m) to supporting rail freight transport.
Adam
Economy
Extended Repayment Moratorium for Vulnerable Borrowers
The government has decided to extend the moratorium on loan repayments for vulnerable borrowers until June 30, 2022.
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 Mihály Varga said after an informal ECOFIN meeting in Brdo, Slovenia.
“Hungary One of World’s Automotive Centers”
Hungary is home to one of the centres of the global automotive industry, the minister of foreign affairs and trade said on Friday, addressing a jubilee celebration of Audi Hungaria.
Tourism Agency Hails Domestic Sector’s ‘Strongest Ever’ Summer Season
Hungary’s domestic tourism sector had its strongest ever summer season this year, the head of the Hungarian Tourism Agency said on Friday.
Retail Lending Stock Rises 16% in Q2
Retail lending increased by 15.8% in the twelve months to the end of June, and was 424 billion higher in the second quarter alone, according to a central bank report released on Friday.
Palkovics Meets TÜV Rheinland Execs
Innovation and Technology Minister László Palkovics has met executives of German testing and certification company TÜV Rheinland in Cologne to discuss further investments in Hungary.
Szijjártó: Government 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 and advance community funding that will only become available between 2022 and 2025, Foreign Minister Péter Szijjártó said.
Foreign Trade Balance Posts Deficit in July
The value of exports in euros increased by an annual 10% in July, while imports were 14.7% higher than a year earlier, posting a deficit of 193 million euros, the Central Statistical Office (KSH) said, quoting its first estimate.
Stimulus Lifts Budget Deficit to HuF 1,900.7 BN 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.