Hungary’s cash flow-based budget, excluding local councils, ran a 254.6 billion forint (EUR 757.1m) deficit at the end of February, reaching 69.37% of the 367.0 billion forint full-year target, the finance ministry said in a preliminary release.
The Hungarian Banking Association has issued guidelines for lenders to manage risks related to the new coronavirus.
Debrecen and twenty-one settlements in Hajdú-Bihar and Szabolcs-Szatmár-Bereg counties established together the Debrecen Regional Cooperation Council.
Retail sales in Hungary grew by an annual 7.6% in January, based on unadjusted and adjusted data, up from 6.7% in December, the Central Statistical Office (KSH) said.
The mayors of Debrecen, Szolnok, Miskolc and Nyíregyháza have signed a cooperation agreement with a view to strengthening economic cooperation between their counties.
The coronavirus outbreak is a fast developing situation, which creates risks for the economic outlook and the functioning of financial markets.
The instant payments system will become available at Hungarian banks from Monday, with domestic bank transfers booked in 5 seconds instead of the current maximum of four hours.
Hungary has seen a significant drop in the number of Chinese tourists visiting the country since the outbreak of the new coronavirus, tourism journalist Róbert Richárd Kiss told public news channel M1.
The instant payments system will become available at Hungarian banks from Monday, with domestic bank transfers booked in 5 seconds instead of the current maximum of four hours.
Lotte Aluminium will soon produce aluminium anode foils for batteries in Tatabánya. To be built in the framework of an investment of EUR 133 million, the greenfield manufacturing plant of the South Korean company will provide jobs for 107 people in the region.
