Budget Deficit HuF 2,165 BN at End-July, Finmin Confirms
Hungary’s budget deficit, excluding local councils, was 2,165 billion forints (EUR 6.2 bn) at the end of July, the finance ministry said in a detailed release of data.
Adam
Economy
Hungary Q2 GDP Falls 13.6% on Pandemic Impact
Hungary’s GDP fell by an annual 13.6% in the second quarter, impacted by the coronavirus crisis, a first reading of data released by the Central Statistical Office (KSH) shows. KSH said the crisis impacted services as well as industry.
Business Sentiment Improves, Chamber Survey hows
The business confidence index of the Hungarian Chamber of Commerce and Industry’s (MKIK) Economic Research Institute (GVI) rose to -6 points in July from -18 a quarter earlier, MKIK GVI said.
Hungarian Research Institute to Coordinate International Project on Production Flexibility
A project to increase the flexibility of production lines and supply chains, led by Hungarian IT and automation research institute SZTAKI, has won 5.4 million euros in funding from the European Union.
More Than 12,300 Suspicious Financial Transactions Reported in 2019
Financial service providers reported 12,342 suspicious transactions to the authorities last year, daily Magyar Nemzet said.
Hungary Industrial Output Drops By 7.8 % in June
Output of Hungary’s industrial sector fell by an annual 7.8% in June, data released by the Central Statistical Office (KSH) in a second reading show.
Food, Tobacco Prices Litf Hungary Consumer Price Index By 3.8% in July
Higher food and tobacco prices lifted Hungary’s consumer price index by 3.8% year-on-year in July from 2.9% in the previous month, the Central Statistical Office (KSH) said.
PM: Hungary to receive EUR 40.7 BN in EU funding
Hungary’s funding from the multiannual budget and the recovery package will run to 40.7 billion euros, Prime Minister Viktor Orbán said in a letter briefing parliament on the results of the EU summit held in late July.
Three die, registered infections up by 35
Three Covid-19 patients have died, while the number of registered infections in Hungary has increased by 35 to 4,731 over the past 24 hours, koronavirus.gov.hu said on Monday morning.
Value of Public Procurement Procedures Falls One-Fifth
The value of public procurement procedures fell about one-fifth, while the number dropped one-quarter in the first half from the same period a year earlier, showing the economic impact of the pandemic, the Public Procurement Authority told MTI. The 3,746 public procurement procedures had a value of about 1,346 billion forints (EUR 3.9bn).