Fuel prices to rise
According to MTI, MOL Nyrt is about to rise fuel prices on Wednesday, 13 May 2020.
Adam
Economy
Budget Deficit HuF 727.4 BN at End-April
Hungary’s cash-flow-based budget, excluding local councils, posted a four-month deficit of 727.4 billion forints at the end of April, having recorded a surplus in that month, according to preliminary Finance Ministry data released on Friday.
Lockdown Spurs Online Shopper Growth in Hungary
Around 50,000 Hungarians became active online shoppers between the middle of March and the end of April, when lockdown measures were introduced to contain the spread of the coronavirus, economic research company GKI Digital said.
Inflation Drops to 2.4% in April
Hungary’s annual consumer price index dropped to 2.4% in April from 3.9% in the previous month, the Central Statistical Office (KSH) said.
Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery
The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. Despite the swift and comprehensive policy response at both EU and national level, the EU economy will experience a recession of historic proportions this year.
420 BN HuF Earmarked for Epidemic Response
Hungary’s government has earmarked over 420 billion forints (EUR 1.2bn) in development funding for its economy protection scheme aimed at offsetting the economic fallout of the novel coronavirus epidemic, the finance minister said.
Szijjártó confirms Hungary’s interest in energy cooperation with Croatia
Hungary continues to have a vested interest in energy cooperation with Croatia, Foreign Minister Péter Szijjártó said after talks with Croatian Energy Minister Tomislav Ćorić over the phone.
Szijjártó: Hungary aims to create central Europe’s most efficient export financing system
With a government bill tabled in parliament in connection with Hungary’s Exim Bank, the aim is to establish central Europe’s fastest and most efficient export financing system over the long term, the minister of foreign affairs and trade said in parliament.
Regional Meeting on the Urgent Management of the Economic Effects of Coronavirus
The Coordination Forum of the National, Economic and Cultural Zone of Northeast Hungary had a regional meeting in Debrecen on 30 April 2020.
A Platform to Support Enterprises Came About in Debrecen
Having gained an insight into the results of a representative survey, we are ready to provide effective help for enterprises in Debrecen to solve difficulties caused by the virus – said Vice Mayor Lajos Barcsa at a press conference held on 28 April 2020. He also announced: through EDC Debrecen Nonprofit Kft., a platform has […]