Investment Volume Falls By 12% in Q3 – KSH
Investment volume in Hungary fell by an annual 12.0% in the third quarter of 2020, the Central Statistical Office (KSH) has said.
Adam
Economy
Finance Minister: No FX Issues Needed Until 2023
Hungary will not have to make any more FX bond issues until early in 2023, Finance Minister Mihály Varga has said in a newspaper interview.
Board Adopts Measures to Make Payments Easier
Hungary’s authorities have adopted various measures designed to make payments and navigating red tape easier and cheaper, the finance minister said.
LMP Proposal to Protect Local Councils Against Suspension of Business Tax
Opposition LMP will submit a bill to parliament to support local councils, which the party said “would collapse” if the government went through with the planned suspension of the local business tax.
Szijjártó in Talks on Energy Cooperation With Croatia Economy Minister
Péter Szijjártó, Hungary’s minister of foreign affairs and trade, has had talks on energy cooperation with Croatia’s economy and development minister in Budapest.
Budget Deficit HuF 2,604 BN at End-October
Hungary’s budget deficit, excluding local councils, was 2,604.2 billion forints (EUR 7.2bn) at the end of October, up 333.9 billion from a month earlier, the Finance Ministry confirmed in a detailed release of data.
Hungary-Brazil Alliance Built on Shared Values, Interests
Hungary and Brazil have built an alliance based on their shared interests and values, Foreign Minister Péter Szijjártó said after talks with his Brazilian counterpart Ernesto Araújo.
1,600 US Companies Employ 100,000 People in Hungary
Some 1,600 US companies employ 100,000 people in Hungary, Foreign Minister Péter Szijjártó has said, addressing an online meeting of the US-Hungary Business Council (USHBC).
All Aircraft Could Fly on Sustainable Fuel by 2030, Says World Economic Forum Report
The Sustainable Aviation Fuels as a Pathway to Net-Zero Aviation Report shows that a transition to carbon-neutral flying is possible, with SAF the most promising decarbonization option in the near term. There are enough sustainable, renewable feedstocks to fuel all aviation using SAF by 2030. Scaling up SAF production to meet the net-zero ambition, however, […]
Hungary Central Bank Keeps Base Rate on Hold
Hungarian rate setters on Tuesday kept the base rate at 0.60%, while they also left the interest rate corridor unchanged, the National Bank of Hungary said on Tuesday.