Wage growth for full-time workers in Hungary rose by an annual 9.2% in January, the Central Statistical Office (KSH) said. The average gross monthly wage came to 375,200 forints (EUR 1,050) in January. Net wages also grew by 9.2%, to 249,500 forints.
Hungary’s industrial producer price index increased by an annual 3.8% in February, the same rate as the preceding month, the Central Statistical Office (KSH) said.
The government has so far spent 225 billion forints (EUR 630.3m) on buying protective equipment, building a container hospital and making other preparations in connection with the novel coronavirus epidemic, Prime Minister Viktor Orbán said in parliament.
ECB asks banks not to pay dividends or buy back shares during COVID-19 pandemic Recommendation concerns dividends for 2019 and 2020, at least until 1 October 2020 ECB expects banks to keep funding households, small businesses and corporations The European Central Bank (ECB) today updated its recommendation to banks on dividend distributions. To boost banks’ […]
Hungary’s three-month rolling average jobless rate was 3.5% in December-February, up 0.1 of a percentage point from the previous three-month period, the Central Statistical Office (KSH) said.
The National Bank of Hungary (NBH) projects Hungary’s economy will expand more slowly this year because of measures to contain the spread of novel coronavirus, but it will maintain its growth advantage over countries in the euro zone.
Mr Monar Lora to start on 1 April 2020 He will replace Carlos Bernadell, who is now adviser to the ECB Executive Board The European Central Bank (ECB) today announced the appointment of Fernando Monar Lora as Director Risk Management. Mr Monar Lora is currently Head of the Risk Analysis Division in the Directorate Risk […]
The outbreak of the Coronavirus COVID-19 across the globe is without precedent and has shaken people and societies at all levels. It is set to have a profound impact, with far-reaching implications for the way people live and work across Europe and the globe. Short-term effects, such as massive job losses in particular sectors, the […]
Hungarian low-cost carrier Wizz Air has grounded around 85% of its fleet due to travel restrictions introduced by governments to contain the spread of novel coronavirus, the airline said.
The National Bank of Hungary (NBH) has said lenders may not raise borrowers’ instalments after a moratorium on repayments expires at year-end.