Guideline in line with ECB regulation for banks directly supervised by ECB The definition ensures consistency and level playing field among banks across euro area The European Central Bank (ECB) today published a guideline on the definition of the so-called “materiality threshold” for banks that are directly supervised by national supervisors, following a public consultation. […]
In the week ending 3 July 2020 the increase of EUR 38.9 billion in gold and gold receivables (asset item 1) primarily reflected quarterly revaluation adjustments. The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) fell by EUR 14.2 billion to EUR 324 billion. This change was […]
Hungary consumer price index increased by an annual 2.9% in June, the Central Statistical Office (KSH) said.
The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels.
Retail sales in Hungary fell by an annual 2.8% in May, the Central Statistical Office (KSH) said.
Adopting the European currency and thus “stabilising” the country’s position in the European Union is “clearly” in Hungary’s interest, opposition Socialist MEP István Ujhelyi said on Facebook on Sunday.
The government has two key aims with next year’s budget, to maintain the state of medical preparedness in view of the novel coronavirus epidemic and to support economic growth as much as possible, Finance Minister Mihály Varga told public Kossuth Rádió on Sunday morning.
The government is launching a new programme to support Hungarian businesses that commit to investing at least 560 million forints (EUR 1.6m) to save jobs in view of the coronavirus pandemic, Foreign Minister Péter Szijjártó said on Saturday.
Lawmakers approved the government’s 2021 budget which the finance minister said had been dedicated to economic protection and maintaining a state of preparedness to the novel coronavirus epidemic.
The lockdown to contain the spread of the novel coronavirus caused double-digit declines in Hungary’s exports and imports in April, a second reading of data released by the Central Statistical Office (KSH) shows.