Hungary will complete the missing section of the pipeline through which Azerbaijani gas is set to arrive in the country, Foreign Affairs and Trade Minister Peter Szijjártó said told an online session of the ministerial advisory panel of the Southern Gas Corridor.
National Bank of Hungary (NBH) policymakers noted at a monthly policy meeting in January the recovery in the industrial and construction sectors and the positive impact of government stimulus, but warned that “significant uncertainty” arose from the possibility of rising risk aversion, the inflationary effects of higher indirect taxes, and the pace of vaccinations.
The National Bank of Hungary (NBH) published a Chinese translation of its Financial and Economic Review, a digest of the best banking and economy papers of the previous year.
The government’s action plan to protect the economy introduced last spring has successfully helped Hungarian businesses withstand the coronavirus pandemic, a state secretary of the innovation and technology ministry said.
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The government’s cuts to funding for local councils is making it difficult for them to function, the opposition Democratic Coalition’s László Varju, the head of parliament’s budget committee, said.
Hungary’s cash flow-based based budget, excluding local councils, had a 198.8 billion forint (EUR 556.8m) surplus at the end of January, the finance ministry said.
Hungary’s exports and imports grew at a faster pace in December, the Central Statistical Office (KSH) said.
The upcoming summit of the Visegrad Group marking the alliance’s 30th anniversary will address post-pandemic recovery measures and energy security issues, according to the event’s schedule.
The government’s action plan for reopening the economy includes 10 million forint (EUR 28,000), interest-free loans offered to SMEs in the most vulnerable sectors, with repayments deferred by three years in order to allow time for the sector to recover, Finance Minister Mihály Varga said.
