Government to Extend Loan Repayment Moratorium
The government will extend for another six months the moratorium on loan repayments, Prime Minister Viktor Orbán said.
Adam
Economy
Construction Sector Output Down 21% in July
Construction sector output in Hungary dropped by 21% in July after a contraction of 15.7% in the previous month, the Central Statistical Office (KSH) said.
Keeping Economy Running “Top Priority”
The top priority of economic policy during the second wave of the coronavirus epidemic is to make sure the Hungarian economy stays afloat and that jobs and enterprises are protected and supported, the finance minister said.
Consumer Confidence Continues to Edge Lower in September
Economic research institute GKI’s gauge of consumer confidence slipped to -31.1 points in September from -29.6 points in August, falling for the second month in a row after three consecutive months of improvement following a pandemic plunge in April.
Orbán: Hungary must function
The government is working to ensure that Hungary is able to function, Prime Minister Viktor Orbán told public broadcaster M1 on Saturday evening, asking the public to observe coronavirus-related measures.
PM: Central European economy to be maintained
The Visegrad Group has a vested interest in keeping central Europe’s economy going while curbing the spread of the coronavirus, Prime Minister Viktor Orbán said after a meeting with his Visegrad Group counterparts in Lublin, in southern Poland, on Friday.
Headline Inflation 3.9% in August
Hungary’s annual consumer price index rose to 3.9% in August from 3.8% in July, boosted by higher food and tobacco prices, the Central Statistical Office (KSH) said. Food prices increased by 7.9% and the price of spirits and tobacco were up 6.8%.
Guest Nights Down 42.3% in July
The number of guest nights at commercial accommodations in Hungary fell by 42.3% year on year to 2,586,000 in July as the pandemic continued to impact the tourism industry, data released by the Central Statistical Office (KSH) show.
Service Sector in Focus
High-school teachers learned about local multinational companies and workplace environment in the service sector at a workshop organised jointly by the University of Debrecen and the Debrecen BSC roundtable.
Firms capacity utilization fell to 55% in April
The capacity utilization rate of companies fell from 78% on March 1 to 55% by April 23, when lockdown measure to counter the coronavirus pandemic were at their peak, the Hungarian Chamber of Commerce and Industry’s (MKIK) Economic Research Institute (GVI) said, citing a survey of 2,891 domestic companies.