Lidl to Build New Logistics HUB in Hungary
German supermarket chain Lidl is building a new logistics hub in Hungary with an investment of 35 billion forints (EUR 100m), Foreign Minister Péter Szijjártó said.
Adam
Economy
Budget Has Room for Second Wave of Epidemic
Hungary’s economic protection measures introduced so far have been sufficient and proportionate, and there is room for further intervention in the budget if a second wave of the novel coronavirus epidemic makes it necessary, daily Világgazdaság said, citing the innovation and technology minister.
Áder Signs Small Business Tax Changes Into Law
President János Áder signed the law establishing the state budget that also amends the rules governing the Itemised Tax for Small Businesses (KATA) in a bid to crack down on small business tax abusers.
ECB establishes close cooperation with Bulgaria’s central bank
ECB Governing Council has adopted a decision to establish close cooperation with the Bulgarian National Bank Direct supervision of Bulgarian significant institutions to start on 1 October 2020 following completion of significance assessment process The Governing Council of the European Central Bank (ECB) has adopted a decision to establish close cooperation with Българска народна банка […]
ECB establishes close cooperation with Croatia’s central bank
ECB Governing Council has adopted a decision to establish close cooperation with Hrvatska narodna banka Direct supervision of Croatian significant institutions to start on 1 October 2020 following completion of significance assessment process The Governing Council of the European Central Bank (ECB) has adopted a decision to establish close cooperation with Hrvatska narodna banka (Croatian […]
ECB publishes guideline on definition of default for banks directly supervised by national supervisors
Guideline in line with ECB regulation for banks directly supervised by ECB The definition ensures consistency and level playing field among banks across euro area The European Central Bank (ECB) today published a guideline on the definition of the so-called “materiality threshold” for banks that are directly supervised by national supervisors, following a public consultation. […]
Consolidated financial statement of the Eurosystem as at 3 July 2020
In the week ending 3 July 2020 the increase of EUR 38.9 billion in gold and gold receivables (asset item 1) primarily reflected quarterly revaluation adjustments. The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) fell by EUR 14.2 billion to EUR 324 billion. This change was […]
Hungary Inflation 2.9% in June
Hungary consumer price index increased by an annual 2.9% in June, the Central Statistical Office (KSH) said.
Summer 2020 Economic Forecast: An even deeper recession with wider divergences
The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels.
KSH: Decline in Retail Sales Slows as Lockdown Lifted
Retail sales in Hungary fell by an annual 2.8% in May, the Central Statistical Office (KSH) said.