The government will plough 200 billion forints (EUR 532.1m) into rehabilitating the water system of an arid region in southern Hungary in the next eight years, István Láng, the head of the General Directorate of Water Management, said in a talk with President János Áder.
Hungarian forint strengthened against major currencies in the interbank market, rising to Friday evening levels on Monday morning.
Finance Minister Mihály Varga awarded three companies grant money allocated to support investments at big businesses.
Output growth of Hungary’s construction sector slowed to an annual 3.3% in January, after climbing in the double digits since the spring of 2021, decelerating on a decline in the building segment, the Central Statistical Office (KSH) said.
The wholesale price of petrol and diesel is to drop significantly from Friday, writes holtankoljak.hu.
The exchange rate of the Hungarian forint against the major currencies fluctuated in the international interbank foreign exchange market compared to Wednesday evening: it weakened against the euro and the franc, but strengthened against the dollar.
Hungarian forint strengthened against the major currencies in international foreign exchange trading by Wednesday morning compared to the previous evening’s exchange rate.
On Tuesday afternoon, Hungarian forint strengthened against major currencies, while the price of crude oil fell sharply and the European gas price quotation rose.
Opposition politicians on Friday called on the European Union to set up a fund to offset the fallout of the energy crisis, to stack up on energy resources and take steps against “Russian blackmail”.
Hungarian industrial output increased by an annual 8.9% in January, the Central Statistical Office (KSH) confirmed in a second reading on Friday. Working-day adjusted data showed an annual increase of 7.1%.
