Economy

ECB publishes guideline on definition of default for banks directly supervised by national supervisors

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. […]

Culture

Photo of the Day: Comet C62020 F3 photographed in north Hungary

The comet c/2020 F3 (NEOWISE) photographed near Cered, north Hungary.

Szijjártó Opens Hungarian Cultural Institute in Stuttgart

With the pandemic, “stable points” are gaining importance in diplomacy, and Hungarian-German partnership, friendship and strategic cooperation are such “stable points” which will always be key, Foreign Minister Péter Szijjártó said, opening the Hungarian Cultural Institute in Stuttgart.

Hungarian Film Industry Attracts Record-High Spending in 2019

Hungary’s film industry attracted a record-breaking 164.4 billion forints (EUR 465m) direct spending last year, 50% up from the previous year, the National Film Institute (NFI) said.