Government Pledges Support to Audi
Visiting the German carmaker Audi’s plant in Győr, Prime Minister Viktor Orbán said major government support was required to reboot the economy.
Adam
Economy
LMP Calls for Higher Wages in Public Works Schemes
Opposition LMP will submit a budget amendment aimed at raising wages for people working in public works schemes, MP Krisztina Hohn said on Facebook on Saturday.
Automotive Industry Output Plunges 80% in April on Shutdowns
Output of Hungary’s automotive industry, an engine of industrial growth under normal circumstances, fell by 80% year-on-year in April because of shutdowns to contain the spread of the novel coronavirus, a detailed reading of data released by the Central Statistical Office (KSH) shows.
2021 Year for Economy Protection
Economy protection will determine 2021, due to a potential second wave of the novel coronavirus epidemic and the fight to eliminate its economic effects, Prime Minister Viktor Orbán said.
Hungary Wants ‘Fair EU Recovery Package’
Hungary wants a fair EU recovery package, Prime Minister Viktor Orbán said in Lednice, in the Czech Republic, attending a meeting of the Visegrad Group.
Hungarians Invest Over HuF 4,400 BN in Plus Government Bonds
Hungarian residents have bought Hungarian Government Securities Plus bonds for retail investors worth 4,407 billion forints (EUR 1.28bn), the finance minister said, evaluating the first year of the programme.
Finance Minister Projects Healthy Growth in 2021
The government expects healthy economic growth of 4.8% next year and moderate inflation of 3%, Finance Minister Mihály Varga told lawmakers in remarks opening the budget debate.
Croatian government to discuss INA buyback with MOL
Croatia’s government will meet with Hungary’s MOL to discuss repurchasing its stake in Croatian oil and gas company INA by the end of June, Environment and Energy Minister Tomislav Ćorić told journalists, after getting a preliminary due diligence report on the buyback from financial advisory and asset management firm Lazard.
OECD Sees Hungary Economy Contracting By 8-10% in 2020
The OECD projects Hungary’s economy will contract by 8-10% this year, depending on whether a second outbreak of the novel coronavirus occurs towards the end of the year.
Hungary Inflation 2.2% in May
Hungary’s consumer price index increased by an annual 2.2% in May, the Central Statistical Office (KSH) said. Inflation in the previous month was 2.4%.