Central Bank Raises Base Rate to 1.65%
Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.65% at a scheduled meeting on Tuesday.
Economy
Danubius Occupancy Over 80% at Wellness Hotels
Occupancy rates at Danubius Hotels’ all-inclusive wellness hotels and accommodations around Lake Balaton were over 80% for the whole summer, the company said.
Magyar Suzuki Restarts Production
Japanese car maker Suzuki is restarting production at its plant in Esztergom, northern Hungary, on Monday, after a two-week shutdown due to supply chain interruptions, Magyar Suzuki told business daily Világgazdaság.
Rail Cargo Group to Operate Regular Freight Trains to China
Rail Cargo Operator and Rail Cargo Hungaria will operate regular express freight trains running from Budapest to China, carrying Hungarian export products.
Rate-Setter Warns About Underestimating Risk of Persistent Rise in Inflation
It would be a mistake to underestimate the risk of a persistent rise in inflation, National Bank of Hungary deputy governor Barnabás Virág said, noting that inflation is rife around the world partly due to rapid post-pandemic recoveries.
Hungary Issues USD 4.25 BN of Dollar Bonds
Hungary issued 4.25 billion dollars of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and 10- and 30-year maturities, Finance Minister Mihály Varga said in a video on Facebook.
Fuel Prices to Rise on Friday
The price of fuel is going to rise on Friday again.
KSH: Construction Sector Output Jumps From Low Base in July
Output of Hungary’s construction sector jumped by an annual 22.5% in July, recovering from a double-digit decline in the base period, the Central Statistical Office (KSH) said.
Szijjártó: Global Economy on Brink of New Era
The global economy is on the brink of a new era, Hungary’s foreign minister said after a joint session of the Hungarian and Slovenian governments in Celje on Wednesday.
Hungary Industrial Output Up 8% in July
Industrial output in Hungary grew by an annual 8% in July, reaching levels last seen before the pandemic, the Central Statistical Office (KSH) confirmed in a second estimate.