Finance Minister and banking association leaders discuss lending incentives
Finance Minister Mihály Varga has met with the heads of the Hungarian Banking Association to discuss guarantee programmes and lending incentives, the finance ministry said.
Adam
Economy
Daily passenger number below 300 at Budapest Airport
Passenger numbers at Liszt Ferenc International Airport have fallen by around 99.3 percent because of the coronavirus outbreak, practically leading to a halt in air travel, airport operator Budapest Airport has said.
Financial Action Group Working on Several Crisis Scenarios
The financial action group, one of a number of groups established by the government to manage the fallout from the pandemic, is drawing up several crisis scenarios, state secretary of the Finance Ministry Gábor Gion said in an interview published in business daily Világgazdaság.
ECB announces package of temporary collateral easing measures
ECB adopts an unprecedented set of collateral measures to mitigate the tightening of financial conditions across the euro area Temporary increase in the Eurosystem’s risk tolerance in order to support credit to the economy ECB eases the conditions for the use of credit claims as collateral ECB adopts a general reduction of collateral valuation haircuts […]
Production Has Been Restarted in the Bus Factory in Debrecen
In its factory in Debrecen, Inter Traction Electrics Kft. restarted manufacturing buses first in the country – after a temporary, two-week suspension of production –, as it was announced on 9 April 2020.
Wizz Air announces layoffs and salary cuts
Hungarian low-cost carrier Wizz Air has said it is laying off 1,000 staff, 19% of its workforce, due to coronavirus-related travel restrictions.
Carmakers Ready to Restart Production in Hungary
Carmaker giant Opel’s plant in Szentgotthárd, western Hungary, is prepared to restart production after stepping up health safety measures, with the timing depending on the situation of the automotive industry market and possible further restrictions to contain the spread of the novel coronavirus, the plant’s spokesman told MTI.
Wizz Air Holdings Plc Post-close Trading Statement
Wizz Air Holdings Plc (“Wizz Air” or the “Company”), the largest low-cost airline in Central and Eastern Europe today provides a post-close trading update for the year ending 31st March 2020 (“F20”). Wizz Air announces it expects to report an underlying F20 net profit in line with the Company’s latest guidance range of €350-355m. As […]
GKI consumer confidence index plunges in April
Economic research company GKI’s consumer confidence index has never fallen as much in a month in its history of almost 30 years as in April 2020 though it still stands higher than its historic low measured in April 2009, GKI told MTI.
Hungary to Plough 20% of GDP Into Protection Efforts
Hungary is ploughing 20% of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga said after a meeting of the financial action group coordinating the financial response to the epidemic.