The success of the Hungarian economy depends greatly on the production and research capacities investors bring to the country, Péter Szijjártó, the foreign affairs and trade minister, told public media.
Industrial producer prices in Hungary grew by an annual 1.7% in May, slowing from 3.7% in the previous month, the Central Statistical Office (KSH) said.
Wage growth for full-time workers in Hungary slowed to an annual 7.8% in April, data published by the Central Statistical Office (KSH) show. KSH said the economic impact of the coronavirus crisis contributed to the slowdown in wage growth. Wage growth slowed for the fifth month in a row.
Ahead of the start of the German Council Presidency and of the 17 July European Council, Budgets Committee Chair Van Overtveldt set out Parliament’s position on the long-term EU budget.
National Bank of Hungary (NBH) governor György Matolcsy outlined twelve reforms he said would be necessary to preserve and increase Hungary’s success in the coming decade in an op-ed piece published on the website novekedes.hu.
Swiss sensor maker Sensirion announced plans to establish a production base in Debrecen, in eastern Hungary. The plant, being built and financed by a local “build-to-suit” partner, will meet growing demand for sensors.
Following Tuesday’s surprise 15 basis point cut to interest rate, another reduction may be in the cards in July.
ECB and other major central banks to reduce frequency of 7-day US dollar operations from daily to three times per week, operations with 84-day maturity continue to be offered weekly New frequency effective from 1 July 2020, to remain in place for as long as appropriate to support smooth functioning of US dollar funding markets […]
In the week ending 19 June 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 22.9 billion to EUR 351.2 billion, owing mainly to a reduction in US dollar liquidity-providing operations. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions […]
Annual growth rate of broad monetary aggregate M3 increased to 8.9% in May 2020 from 8.2% in April (revised from 8.3%) Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 12.5% in May from 11.9% in April Annual growth rate of adjusted loans to households stood at […]