Hungarian Rate-Setters Keep Base Rate on Hold at 0.90%
Rate-setters of the National Bank of Hungary kept the base rate on hold at 0.90%.
Economy
Gas deliveries to Hungary through TurkStream could start in 2 years
Deliveries of Russian gas through the TurkStream pipeline to Hungary could start at the end of 2021 or in early 2022, the state secretary for energy affairs at the innovation and technology ministry said.
Results of the Q1 2020 ECB Survey of Professional Forecasters
Expectations for euro area inflation, growth and unemployment broadly unchanged
Monetary policy decisions
At yesterday meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively.
Budget deficit 122%
Hungary’s cash flow-based budget, excluding local councils, ran a 1,219 billion forint deficit (EUR 3.6bn) at the end of December, the Finance Ministry has confirmed in a second reading. The shortfall was 122.1% of the full-year target.
January 2020 euro area bank lending survey
Credit standards remained broadly unchanged for both loans to enterprises and housing loans Demand for loans to enterprises declined, while demand for housing loans increased further Euro area banks use TLTRO-III liquidity largely for granting loans
Suzuki to make only hybrid models for EU markets from 2020
Japanese car maker Suzuki will produce only cars fitted with hybrid engines from this year for EU markets at its plant in Esztergom, in northern Hungary.
Guest nights up 4.8% in November
The number of guest nights spent in commercial lodgings in Hungary rose by 4.8% year on year to 2,083,000 in November, the Central Statistical Office (KSH) said.
Medical Chamber aims to raise doctors’ pay to 70% of salaries in Austrian health care
The Hungarian doctors’ chamber (MOK) has worked out a proposal aimed at increasing the salaries of doctors to reach 70% of the salaries in Austria’s health sector, the deputy head of the chamber told a press conference.
Hungarian oil reserves replenished
Hungarian oil and gas company MOL has refilled the Hungarian oil reserves which were used when contaminated oil was delivered through the Druzhba pipeline last April, the daily Népszava cited the company as saying.