South Korea Firm in Medical Equioment Venture
South Korean biopharmaceutical company Samyang Biopharm is investing 8.6 billion forints (EUR 24.9m) to build a medical equipment plant in Gödöllő, on the outskirts of Budapest.
Adam
Economy
Consumer, Business Confidence Continues to Improve in July
Economic research institute GKI’s combined gauge of consumer and business confidence rose to -18.2 points in July from -20.5 points in the previous month as consumer confidence improved but businesses became only slightly more optimistic.
South Korea Key Investor in Hungary
Hundreds of millions of euros are expected to flow into Hungary in investments from South Korea this year, Foreign Minister Péter Szijjártó told MTI in Seoul.
Coronavirus response: Making capital markets work for Europe’s recovery
The European Commission has adopted a Capital Markets Recovery Package, as part of the Commission’s overall coronavirus recovery strategy.
ECB publishes supervisory banking statistics for the first quarter of 2020
Capital ratios of significant institutions decline slightly in first quarter of 2020, with aggregate total capital ratio standing at 18.11% (down from 18.53% in fourth quarter of 2019) Aggregate NPL ratio declines further to stand at 3.05%, lowest level since data first published in 2015 Annualised return on equity falls to aggregate level of 1.21% […]
ECB announces public consultation on the publication of compounded €STR rates
Consultation launched to seek feedback on the publication of compounded €STR rates by the ECB Comments by interested stakeholders to be received by 11 September 2020 The European Central Bank (ECB) is considering the publication of compounded term rates based on the euro short-term rate (€STR) and solicits views of the public on this matter […]
Epidemic Makes Employees ‘More Motivated’ to Retain Job
Hungarian employees have become “more motivated to retain their jobs” in view of the coronavirus crisis, according to a recent survey conducted by pollster Median and insurance company BNP Paribas Cardif.
Finance Minister: GDP Expected to Fall 5% in H2
Hungary’s GDP is expected to fall 5% in annual comparison in the second half of 2020, Finance Minister Mihály Varga told public broadcaster Kossuth Rádió.
ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity
The European Central Bank (ECB) and the Magyar Nemzeti Bank (MNB) have agreed to set up a repo line arrangement to provide euro liquidity to Hungarian financial institutions to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock.
ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity
ECB and Magyar Nemzeti Bank set up repo line Repo line to remain in place until June 2021, unless an extension is decided Size of repo line set at €4 billion The European Central Bank (ECB) and the Magyar Nemzeti Bank (MNB) have agreed to set up a repo line arrangement to provide euro liquidity […]