IMF Confirms GDP Growth, Inflation Forecast for Hungary
The Hungarian economy is expected to grow at the third fastest rate in the European Union this year, the International Monetary Fund (IMF) confirmed in its revised regional growth forecast.
Adam
Economy
Economist János Kornai Dies
Economist János Kornai, holder of the Széchenyi Prize and the French Legion of Honour, member of the Hungarian Academy of Sciences, professor emeritus at Harvard and Budapest’s Corvinus universities, died at age 94, his family told MTI late on Monday.
Swiss Krono Plans HuF 17 BN Expansion in Hungary
Swiss-owned building materials maker Swiss Krono plans a 17 billion forint (EUR 47.2m) expansion at its base in Vásárosnamény, in north-east Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday.
Hungary Central Bank Raises Base Rate to 1.80%
Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.80% at a scheduled meeting on Tuesday. The rate-setters continued a tightening cycle started in June, albeit at a slower pace than in the summer months when rates rose 30 basis points each month. Policymakers had signalled in September that the 15 […]
“Fourth Covid Wave Won’t Hurt Economy”
Thanks to the high inoculation rate, the fourth wave of the coronavirus pandemic is expected to be relatively weak in Hungary, allowing for an estimated 7% GDP growth this year, Finance Minister Mihály Varga said.
“Job Protection at Centre of V4 Pandemic Response”
The coronavirus pandemic response measures implemented by the Visegrad Group (V4) countries are centred on preserving and creating jobs, an official of the innovation and technology ministry said after a meeting of V4 labour policy officials in Budapest.
Fuel Prices to Rise Again on Wednesday
The average price of the 95 petrol will be HuF 5 more from the middle of the week, in the case of diesel the increase will be HuF 7.
Japanese Companies Might Invest in Debrecen
The Ambassador of Japan to Hungary, Otaka Masato, visited Debrecen on Thursday (14th October). The Ambassador not only visited the sights of Debrecen, he also took part in a meeting with Mayor László Papp. Important economic issues were also raised at the program, the Debrecen municipality announced.
Government Invests HuF 5.6 BN in Venture Capital Fund Targeting Startups
The government is investing 5.6 billion forints (EUR 15.6m) in a new fund of venture capital fund manager Euroventures through state-owned venture capital fund manager Széchenyi Funds, Finance Minister Mihály Varga said.
Hungary ‘Must Maintain Utility Price Cuts’
Hungary must defend the achievements of its public utility cost reduction scheme, Prime Minister Viktor Orbán said.