Hungary is ready to support Ukraine but will not sanction further loans taken out jointly by European Union member states, Finance Minister Mihály Varga said in Brussels on Tuesday after a meeting with his EU counterparts.
Tungsram’s bankruptcy negotiations with creditors were unsuccessful, the company will be liquidated – Mérce learned from Tamás Mehlhoffer, the company’s PR and communications director.
The government is giving companies extra time to apply for central funding as part of a scheme to rescue plants that are under financial strain due to current economic conditions linked to the war in Ukraine, the minister of foreign affairs and trade has announced.
Hungary’s seasonally adjusted Purchasing Managers Index (PMI) rose to 56.4 points in October from just below 50 in September, Halpim, the company that compiles the index, said on Wednesday.
Hungary posted a trade deficit of 1.580 billion euros in August, the Central Statistical Office (KSH) said in a second reading of data on Wednesday.
Factory gate prices in Hungary rose by annual 42.7% in August, slowing down from a 43.4% increase in the previous month, the Central Statistical Office (KSH) said on Friday.
Hungarian banks have warned of a fall-off in retail and corporate lending owing to extra burdens imposed on them by the government.
Asian companies see Hungary as an attractive investment site by virtue of its corporate tax being the lowest in Europe, secure energy supply and political stability, Finance Minister Mihaly Varga said after talks with Kim Young-joo, Deputy Speaker of the National Assembly of the Republic of Korea, on Friday.
Hungary’s jobless rate reached 3.8% in September, edging up from 3.6% in the previous month but down from 4.0% twelve months earlier, the Central Statistical Office (KSH) said on Thursday.
The central bank imposed a HUF 25 million fine on Duna Takarék Bank Zrt. due to problems discovered in the fraud prevention system, project lending, monitoring, recovery activities, impairment training and IT, the Magyar Nemzeti Bank (MNB) announced.on Tuesday.
