Budapest Airport starts maintenance work on 2nd runway
Renovation work on the second runway of Budapest’s Liszt Ferenc International Airport will start on Monday, and will be carried out by Budapest Airport in a single phase.
Adam
Economy
Párbeszéd Launches Signature Drive for Universal Basic Income
The opposition Párbeszéd party launched a signature drive in Budapest, as part of a citizens’ initiative calling for the introduction of a universal basic income across the European Union. Budapest Mayor Gergely Karácsony, the party’s co-leader, told a press conference on Blaha Lujza Square in central Budapest that a basic income for all EU citizens […]
PM Advisor: Government Mulling Another Extension of Repayment Moratorium
The Hungarian government could consider a second, targeted extension of a moratorium on loan repayments, depending on circumstances in the spring, Márton Nagy, an advisor to the prime minister, said in Friday’s issue of daily Magyar Nemzet.
Forecast for 5-6% Contraction More Broadly Accepted
Addressing an online conference, Finance Minister Mihály Varga said that his ministry’s forecast for a 5-6% contraction this year months ago is approved by a growing number of institutions and analysts. The rebound many economists foresaw has not materialised, he added.
Economic Protection Measures Prolonged
The Hungarian government will carry on with its economic protection measures aimed at offsetting the effects of the novel coronavirus pandemic throughout the autumn, the finance minister told an online conference.
Global Tech Firms Putting Trust in Hungary
Global companies using cutting-edge technology are putting their trust Hungary, its investment environment and the Hungarian people, Foreign Minister Péter Szijjártó said at the official opening of the Continental test track in Veszprém, in western Hungary.
Budget Deficit HuF 2,261 BN at End-August, FinMin Confirms
Hungary’s budget deficit, excluding local councils, was 2,261.3 billion forints (EUR 6.2bn) at the end of August, widened by spending related to the coronavirus, economic stimulus and pre-financing for European Union funded projects, the Finance Ministry confirmed in a detailed reading of data.
Hungary Central Bank Keeps Base Rate on Hold
Hungarian rate-setters kept the base rate on hold at 0.60% at a regular meeting. The Monetary Council also left the interest rate corridor unchanged, the National Bank of Hungary (NHH) said.
Covid-19 Mainly Endangers Economy, Say 70% of Hungarians
Fully 70% of Hungarians say the economy and jobs are most endangered by the coronavirus epidemic, while 27% are most concerned about people’s health, according to a survey by the Századvég Institute.
Government to Introduce Further Economy Protection Measures
Hungary’s government will introduce further economy protection measures because the economy must be kept functional during the second wave of the pandemic, Finance Minister Mihály Varga said in an interview published in daily Magyar Nemzet on Saturday.