JCR Upgrades Hungary
The Japan Credit Rating Agency (JCR) upgraded Hungary’s foreign currency long-term issuer rating to ‘A-‘ from ‘BBB+’ with a ‘stable’ outlook.
Economy
Euro area investment fund statistics: fourth quarter of 2019
In the fourth quarter of 2019 the outstanding amount of shares/units issued by investment funds other than money market funds was €12,939 billion, €398 billion higher than in the third quarter of 2019. • The outstanding amount of shares/units issued by exchange-traded funds (ETFs) was €852 billion, which was €73 billion higher than in the […]
Financial statements of the ECB for 2019
ECB profit increased by €0.8 billion to €2.4 billion in 2019 (2018: €1.6 billion) and is distributed in full to national central banks ● Net interest income on securities held for monetary policy purposes: €1.4 billion (2018: €1.2 billion) ● ECB’s Balance Sheet grew to €457 billion (2018: €447 billion) The European Central Bank’s (ECB’s) […]
Euro money market statistics: eighth maintenance period 2019
Daily average borrowing turnover in the unsecured segment slightly increased from €119 billion in the seventh maintenance period of 2019 to €121 billion in the eighth maintenance period Weighted average overnight rate on borrowing transactions in the unsecured segment remained at -0.50% for the wholesale sector, and decreased from -0.52% to -0.54% for the interbank sector Daily average […]
Hungary’s GDP rose by an annual 4.5%
Hungary’s GDP rose by an annual 4.5% in the fourth quarter of 2019, the Central Statistical Office (KSH) said in a first reading of data.
State subsidies for civil organizations to total HUF 9.2 billion in 2021
Central subsidies for civil organisations will increase from 7.7 billion forints in 2020 to 9.2 billion forints (EUR 27.2m) next year, a deputy state secretary of the Prime Minister’s Office told a press conference.
January CPI climbs to 4.7%
Hungary’s twelve-month consumer price index rose to 4.7% in January, climbing over the upper threshold of the tolerance band around the National Bank of Hungary’s mid-term inflation target, data released by the Central Statistical Office (KSH) show.
Hungary and Rwanda sign strategic development agreement
Foreign Minister Péter Szijjártó signed a comprehensive strategic development agreement with his Rwandan counterpart Vincent Biruta.
Construction sector output up 2.7% in December
Output of Hungary’s construction sector rose by an annual 2.7% in December, data released by the Central Statistical Office (KSH) show.
Government spending HUF 950 million on sport and recreational activities in 2020
The government is spending 950 million forints (EUR 2.8m) in support of sport and recreational activities in Hungary this year, a government official said.