PPI steady at 3.8% in February
Hungary’s industrial producer price index increased by an annual 3.8% in February, the same rate as the preceding month, the Central Statistical Office (KSH) said.
Adam
Economy
Government Has Spent HuF 225 BN on Epidemic Response So Far
The government has so far spent 225 billion forints (EUR 630.3m) on buying protective equipment, building a container hospital and making other preparations in connection with the novel coronavirus epidemic, Prime Minister Viktor Orbán said in parliament.
ECB asks banks not to pay dividends until at least October 2020
ECB asks banks not to pay dividends or buy back shares during COVID-19 pandemic Recommendation concerns dividends for 2019 and 2020, at least until 1 October 2020 ECB expects banks to keep funding households, small businesses and corporations The European Central Bank (ECB) today updated its recommendation to banks on dividend distributions. To boost banks’ […]
Jobless rate 3.5% in December-February
Hungary’s three-month rolling average jobless rate was 3.5% in December-February, up 0.1 of a percentage point from the previous three-month period, the Central Statistical Office (KSH) said.
Hungary to keep growth edge over euro zone in spite of pandemic
The National Bank of Hungary (NBH) projects Hungary’s economy will expand more slowly this year because of measures to contain the spread of novel coronavirus, but it will maintain its growth advantage over countries in the euro zone.
ECB appoints Fernando Monar Lora as Director Risk Management
Mr Monar Lora to start on 1 April 2020 He will replace Carlos Bernadell, who is now adviser to the ECB Executive Board The European Central Bank (ECB) today announced the appointment of Fernando Monar Lora as Director Risk Management. Mr Monar Lora is currently Head of the Risk Analysis Division in the Directorate Risk […]
COVID-19 and the impact and implications for the way people live and work across Europe and the globe
The outbreak of the Coronavirus COVID-19 across the globe is without precedent and has shaken people and societies at all levels. It is set to have a profound impact, with far-reaching implications for the way people live and work across Europe and the globe. Short-term effects, such as massive job losses in particular sectors, the […]
Wizz Air grounds 85% of fleet
Hungarian low-cost carrier Wizz Air has grounded around 85% of its fleet due to travel restrictions introduced by governments to contain the spread of novel coronavirus, the airline said.
NBH says loan repayments may not rise after moratorium
The National Bank of Hungary (NBH) has said lenders may not raise borrowers’ instalments after a moratorium on repayments expires at year-end.
Most businesses in Budapest see bleak outlook
Fully 93% of businesses in the capital believe their outlook is bleak, according to a flash survey conducted by the Budapest Chamber of Industry and Commerce (BKIK) on the impact of the coronavirus crisis.