Hungary Central Bank Keeps Base Rate on Hold at 0.60%
Hungarian central bank (NBH) rate-setters kept the base rate on hold at 0.60% and also decided to maintain the interest rate corridor.
Adam
Economy
The businessman who is in contact with Szijjártó appeared around the BMW factory in Debrecen
After István Garancsi, who flew the Prime Minister on a luxury aircraft, and Lőrinc Mészáros, also known as a friend of Viktor Orbán, another multi-billionaire NER company, László Szjjj, received a multi-billion dollar job in connection with the development of the BMW factory in Debrecen.
Restaurants to Reopen Only Once Mass Vaccinations Under Way
Reopening restaurants and other catering facilities will depend on how quickly Hungary can get hold of vaccines and have its population vaccinated, Zoltán Kovács, the state secretary for international communications and relations, told MTI.
Deal Reached to Hike Minimum Wage 4%
A deal was reached on Monday to hike the minimum wage by 4% from Feb. 1.
Consumer, Business Confidence Improve
Consumer and business confidence improved in January from the previous month, economic research institute Századvég’s gauges of sentiment show.
Union Association MASZSZ Rejects 4% Minimum Wage Hike
Union association MASZSZ will reject a 4% minimum wage hike offered by employers and government representatives for 2020.
Agriculture Minister Urges Greater Support for Local Producers at Global Food Forum
István Nagy, Hungary’s minister of agriculture, highlighted the importance of supporting local producers by shortening supply chains at the 13th Global Forum for Food and Agriculture this week, the agriculture ministry has said in a statement.
Hungary Budget Deficit Swells to Around 9 % / GDP in 2020
Hungary’s cash flow-based budget deficit, excluding local councils, was 5,548.6 billion forints (EUR 15.5bn) at the end of 2020, the Finance Ministry confirmed in a detailed reading of data.
Gas Contract With Russia Expanded
Hungarian Foreign Minister Peter Szijjártó told MTI that Hungary and Russia have agreed to extend a long-term gas supply contract set to expire in October this year.
The first payment was made from the Debrecen City Capital Fund
The first payment was made from the Debrecen City Capital Fund: the local MFA Alternatív Energia Kft. received a capital fund of HUF 367 million to develop its car repair infrastructure, the mayor of Cívisváros announced at the company’s premises on Thursday.