Opposition Pledges Central Bank Reform
Politicians of the united opposition pledged to renew fiscal and monetary policy and to reform the National Bank of Hungary (NBH), should the opposition win the general election on April 3.
Economy
Jobless Rate at 3.7 % in December
Hungary’s jobless rate was at 3.7% in December, falling from 4.1% in the same month a year earlier and level with the rate in November, the Central Statistical Office (KSH) said.
Matolcsy Calls for Budget to Be Brought Back to Balanced Path
To curb inflation, the central budget should once again be put on a balanced course and the government must double down on enhancing the country’s competitiveness, György Matolcsy, Hungary’s central bank (NBH) governor, wrote in an article published by magyarnemzet.hu.
Hungary Signs MoU on Kamaz R+D, Production Bases
Hungary’s Innovation and Technology Ministry has signed a memorandum of understanding with the management of Russian truck maker KAMAZ on establishing a local electric vehicle R+D base and, later, a production facility.
NBH Levies HuF 1.4 BN of Financial Market Oversight Fines in 2021
The National Bank of Hungary (NBH) levied 1.4 billion forints of fines for violations of compliance and consumer protection rules last year, according to the business daily Világgazdaság.
State Support Accounts for Close to Half of Non-Profit Revenue
State support accounted for close to half of non-profits’ revenue in 2020, data compiled by the Central Statistical Office (KSH) show.
Finance Minister Meets With Swiss Counterpart in Bern
Finance Minister Mihály Varga has met with his Swiss counterpart Ueli Maurer in Bern, the Finance Ministry said on Friday. Swiss companies operating in Hungary remained committed to their presence in the country even during the economic downturn caused by the coronavirus crisis, Varga said.
“Food Production Should Be Based on Hungarian Firms”
The government is working to ensure that the backbone of Hungary’s food supply is made up of domestic companies, Peter Szijjártó, the minister of foreign affairs and trade, said on Friday, noting the importance of domestic food supplies during the coronavirus pandemic.
Budget Deficit HuF 5,101.5 BN in 2021
Hungary’s cash-flow-based budget deficit, excluding local councils, was 5,101.5 billion forints (EUR 14.3bn) at the end of December, the finance ministry confirmed in a detailed reading of data on Friday.
Benker Blockchain Neobank Licensed By Lithuanian Central Bank
A blockchain neobank set up by Benker, a financial services company established by Hungarian experts, has been licenced by the Bank of Lithuania, Benker told MTI. Benker’s business is the first officially licenced blockchain neobank in Europe.