Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) rose to 53.2 points in February from 50.9 in January, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday. A PMI over 50 signals expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index climbed from the previous month and remained over […]
The National Bank of Hungary (NBH) will use all elements of its toolkit to intervene to ensure the stability of the domestic financial markets if necessary, the central bank told MTI on Tuesday.
The National Bank of Hungary (NBH) on Tuesday said it is limiting the amount of repayable funds by Sberbank Magyarország to 7 million forints (EUR 18,900) per customer from March 2 to thirty days onwards to maintain the safe operation of the credit institution.
Gas supplies to Hungary are uninterrupted, with cross-border pipelines forwarding the usual quantities in both directions, national energy and utility regulator MEKH told MTI on Tuesday. MEKH said that the pipeline with Ukraine was also operating regularly, adding however, that “the interlink does not play a crucial role in Hungary’s supplies”.
European energy security has faced serious challenges over the recent period, which may even be exacerbated by the Ukraine-Russia war, Péter Szijjártó, the minister of foreign affairs and trade, told a conference.
The government is capping wholesale price of petrol and diesel at 480 forints (EUR 1.3) a litre from Monday, which will contribute to the more competitive operation of retail gas stations, the ministry of innovation and technology said on Monday. The cap on retail petrol and diesel prices was introduced in November, and has been […]
Work on the upgrade of Hungary’s Paks nuclear power plant is “proceeding according to plan”, the local unit of Russia’s Rosatom, the general contractor for the project, told regional news agency Paks-Press.
Shell Hungary has announced a cap on fuel purchases for lorries on international delivery routes to 50,000 forints (EUR 140) per transaction at some stations from Tuesday.
Hungarian central bank rate-setters raised the base rate by 50 basis points to 3.40% at a regular policy meeting on Tuesday. The Monetary Council also expanded the interest rate corridor by the same extent.
Swedish investments are bringing future technologies to Hungary while contributing to the country’s long-term growth, Péter Szijjártó, the minister of foreign affairs and trade, said after meeting executives of Electrolux AB and Ericsson in Stockholm on Tuesday.
