Hungary’s cash flow-based budget deficit, excluding local councils, was 1,900.7 billion forints (EUR 5.4bn) at the end of August, the Finance Ministry confirmed in a second reading of data. hungarymatters.hu pixabay
Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.65% at a scheduled meeting on Tuesday.
Occupancy rates at Danubius Hotels’ all-inclusive wellness hotels and accommodations around Lake Balaton were over 80% for the whole summer, the company said.
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 Operator and Rail Cargo Hungaria will operate regular express freight trains running from Budapest to China, carrying Hungarian export products.
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 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.
The price of fuel is going to rise on Friday again.
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.
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.
