Budapest Mayor Gergely Karácsony has called on the government to withdraw a decree designating the city of Dunaújváros and surrounding municipalities in central Hungary a special economic zone.
Prime Minister Viktor Orbán told a press conference that the Hungarian government will have to make “unexpected, forceful and serious decisions” with regard to the Hungarian economy in order to achieve 5.5% GDP growth in 2021, in which case it will be able to afford a tax refund for families.
Prime Minister Viktor Orbán praised Hungary and Slovakia’s achievements in shared projects such as the inauguration of a new bridge spanning the Danube between Hungary and Slovakia near Komárom, northern Hungary and the construction of a motorway connecting Miskolc in north-eastern Hungary and Košice (Kassa) in eastern Slovakia.
Hungary’s cash flow-based budget deficit, excluding local councils, reached 1,312.6 billion forints (EUR 3.76bn) at the end of May, widening on stimulus measures, the Finance Ministry confirmed in a detailed data.
The Lego Group has unveiled a prototype of the LEGOR cube made from recycled plastic, taking another step toward the sustainability of LEGO products, the company told MTI on Wednesday.
Economic policy should be focused on supporting investments, creating jobs and recovering capacities lost to the crisis caused by the coronavirus pandemic, Hungary’s finance minister said after a meeting with his Visegrad Group counterparts in Warsaw.
National Bank of Hungary (NBH) governor György Matolcsy acknowledged differences between the central bank and the government over some issues, but said the sides continue to work together in a close strategic alliance at a press conference following a monthly policy meeting on Tuesday.
The Monetary Council of the National Bank of Hungary (NBH) decided to raise the central bank base rate by 30 basis points to 0.90% at a monthly policy meeting on Tuesday.
Spending by foreign visitors in Hungary fell by an annual 56% to 164 billion forints (EUR 463m) in the first quarter, data compiled by the Central Statistical Office (KSH) show.
The National Bank of Hungary (NBH) has advised borrowers participating in a repayment moratorium who are not distressed to re-start instalments.
