Banks not sufficiently prepared for benchmark rate reforms, survey shows Reforms affect both EONIA and EURIBOR in the euro area ECB Banking Supervision publishes good practices to help banks prepare The European Central Bank (ECB) has today published the results of its industry-wide assessment of banks’ preparedness for the benchmark interest rate reforms. While banks […]
French-owned car maker Opel has turned out the ten millionth engine at its plant in Szentgotthárd, western Hungary, plant spokesman Zoltán Kaszás told MTI.
In May 2020 the current account of the euro area recorded a surplus of €8 billion, compared with a surplus of €14 billion in April 2020. In the 12-month period to May 2020, the current account recorded a surplus of €264 billion (2.2% of euro area GDP), compared with a surplus of €318 billion (2.7% […]
In the week ending 17 July 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.6 billion to EUR 321.1 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) increased […]
Hungarian central bank rate-setters at a regular meeting cut the base rate by 15 basis points to 0.60%.
The Swiss company specialised in sensor production will first create fifty new jobs in Debrecen, then two hundred.
If EU leaders fail to reach an agreement on the contentious issues concerning the bloc’s next multi-year budget and post-pandemic recovery package, it will be because of the Netherlands, Prime Minister Viktor Orbán said.
Only four pivotal issues remain to be discussed in connection with the European Union’s post-pandemic recovery package, Prime Minister Viktor Orbán said ahead of the third day of talks at an EU summit in Brussels, adding that he believed there was a good chance EU leaders would reach a deal on the package.
Hungary’s government is launching a new 2 billion forint (EUR 5.7m) scheme to support small and medium-sized businesses, Péter Szijjártó, the foreign affairs and trade minister, said on Facebook over the weekend.
Aircraft maker Airbus established a joint venture with the state of Hungary that will manufacture helicopter parts in Gyula (SE Hungary).
