Hungary Records Trade Surplus in May After Corona Dive
Hungary posted a trade surplus in May of 102 million euros after plunging 561 million euros into the red in the previous month, the Central Statistical Office (KSH) said.
Adam
Economy
Pandemic Impact Lifts Online Sales in Hungary 34% in Q2
Online sales in Hungary reached HUF 188bn in the second quarter, climbing 34pc from the same period a year earlier, data compiled by consultancy GKI Digital and internet marketplace Jofogas show.
KSH: Home Construction Up, New Building Permits Down in H1
The number of completed homes increased by 34.4% to 8,697 in the first half of 2020, compared to the same period last year while the number of new building permits dropped by 32.6% to 12,475 during the period, the Central Statistical Office (KSH) said.
Hungary’s 3-month jobless rate 4.6% at end-June
Hungary’s three-month rolling average jobless rate up to end-June was 4.6%, 0.5 of a percentage point higher than the previous three-month period and up 1.3 percentage points from twelve months earlier, the Central Statistical Office (KSH) said. The rate covers unemployment among those between the ages of 15 and 74. In absolute terms, there were […]
Pandemic passenger volume plunge puts Wizz Air in the red
Hungarian low-cost airline Wizz Air booked a 108 million euro loss in the first quarter of its business year started on April 1, an earnings report posted on the London Stock Exchange, where the company’s shares are listed, shows.
ECB announces organisational changes to strengthen banking supervision
ECB aims to strengthen cooperation between bank-specific and thematic supervisory teams New structure reinforces supervisory strategy and risk function, ensuring consistency of supervisory outcomes Reorganisation to foster transparency and predictability of supervisory actions The European Central Bank (ECB) announced today changes to the organisational structure of its supervisory arm to ensure continued effective and efficient […]
Consolidated financial statement of the Eurosystem as at 24 July 2020
In the week ending 24 July 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 1.6 billion to EUR 319.4 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) increased […]
Euro area economic and financial developments by institutional sector: first quarter of 2020
Euro area net saving decreased to €832 billion in the four quarters to the first quarter of 2020, compared with €871 billion in the four quarters to the previous quarter. Euro area net non-financial investment decreased to €573 billion (from €584 billion previously), due to decreased investments by households and non-financial corporations. Euro area net […]
Monetary developments in the euro area: June 2020
Annual growth rate of broad monetary aggregate M3 increased to 9.2% in June 2020 from 8.9% in May Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 12.6% in June, compared with 12.5% in May Annual growth rate of adjusted loans to households stood at 3.0% in […]
Hungary 19th in NBH’s EU Competitiveness Ranking
Hungary has placed 19th in the National Bank of Hungary’s ranking of European Union countries by their level of competitiveness, Gergely Baksay, the central bank’s director, said, presenting the NBH’s latest competitiveness report.