Price of Petrol and Gas Oil to Rise
According to holtankoljak.hu, the price of petrol and gas oil is going up on Friday (27th November).
Economy
350 Companies Apply for Investment Support After Scheme Relaunch
A total of 350 companies applied for government subsidies for investments that support job preservation during the coronavirus crisis within fifteen minutes after the support scheme was relaunched, Minister of Foreign Affairs and Trade Péter Szijjártó has said.
Hungary-China Economic Ties Progressing Despite Pandemic
Economic relations between Hungary and China are continuing to progress steadily despite the coronavirus pandemic, Péter Szijjártó, the foreign affairs and trade minister, said after announcing an investment by Hungarian chemicals company BorsodChem, owned by China’s Wanhua group.
Investment Volume Falls By 12% in Q3 – KSH
Investment volume in Hungary fell by an annual 12.0% in the third quarter of 2020, the Central Statistical Office (KSH) has said.
Finance Minister: No FX Issues Needed Until 2023
Hungary will not have to make any more FX bond issues until early in 2023, Finance Minister Mihály Varga has said in a newspaper interview.
Board Adopts Measures to Make Payments Easier
Hungary’s authorities have adopted various measures designed to make payments and navigating red tape easier and cheaper, the finance minister said.
LMP Proposal to Protect Local Councils Against Suspension of Business Tax
Opposition LMP will submit a bill to parliament to support local councils, which the party said “would collapse” if the government went through with the planned suspension of the local business tax.
Szijjártó in Talks on Energy Cooperation With Croatia Economy Minister
Péter Szijjártó, Hungary’s minister of foreign affairs and trade, has had talks on energy cooperation with Croatia’s economy and development minister in Budapest.
Budget Deficit HuF 2,604 BN at End-October
Hungary’s budget deficit, excluding local councils, was 2,604.2 billion forints (EUR 7.2bn) at the end of October, up 333.9 billion from a month earlier, the Finance Ministry confirmed in a detailed release of data.
Hungary-Brazil Alliance Built on Shared Values, Interests
Hungary and Brazil have built an alliance based on their shared interests and values, Foreign Minister Péter Szijjártó said after talks with his Brazilian counterpart Ernesto Araújo.