Sad Record – One Euro is 400 HuF
Hungarian forint weakened gradually this morning, and around 10 o’clock the euro reached the 400 forint exchange rate, Portfolio.hu reported.
Adam
Economy
One Euro Was 388.19 Forints at Dawn on Monday
The forint hit another historic low against the major currencies in the interbank market at dawn on Monday (7th March).
Hungary’s Energy Supply Uninterrupted
Hungary’s energy supplies are uninterrupted and being delivered on schedule and in line with the valid agreements, Foreign Minister Péter Szijjártó said on Facebook on Sunday after a phone call with his Turkish counterpart Mevlüt Çavuşoğlu.
Government to Spend HuF 140 BN on Road Construction
The government has decided to allocate 140 billion forints (EUR 364.1m) towards road developments, Finance Minister Mihály Varga said on Facebook on Saturday.
Hungary Trade Balance Shows Deficit for Sixth Month in a Row
Hungary’s trade balance showed a deficit for the sixth month in a row in December, a second reading of data released by the Central Statistical Office (KSH) shows.
Retail Sales Growth Slows to 4.5% in January
Retail sales in Hungary rose by an annual 4.5% in January, slowing from 6.7% in the previous month, the Central Statistical Office (KSH) said.
Central Bank Withdraws Sberbank Licence
The National Bank of Hungary (NBH) said it has withdrawn the lending licence of Russian-owned Sberbank Hungary because of its “serious liquidity and capital situation” amid international sanctions against Russia.
Economy Grows 7.1% in 2021
Hungary’s economy grew by an annual 7.1% in the fourth quarter, bringing full-year growth to 7.1%, the Central Statistical Office (KSH) said in a second reading of data.
Forint Recovers After Reaching New Low
The forint traded at 380.77 to the euro around 5.30pm on Wednesday, regaining some ground after hitting a new record low of 383 earlier in the day.
Investment Volume Edges Up 0.2% in Q4
Investment volume in Hungary rose by an annual 0.2% in the fourth quarter of last year supported by investments from businesses, the Central Statistical Office (KSH) said on Tuesday.