'No problem with forint' - govt official

Deals

The recent surge in the Swiss franc-forint exchange rate was due to the strengthening of the franc and wasn't forint-specific, Dow Jones reported, citing an official of the Hungarian Economy Ministry.

 "There's no problem with the forint," Roland Nátrán, a state secretary of the ministry said at a press conference.

The franc-forint rate rose to a historic high last week, testing levels around HUF 275. The cross traded at HUF 255.76 at 0742 GMT.

Meanwhile, the euro-forint rate remained relatively stable, Natran noted. Euro traded at HUF 273.68 against the forint earlier Friday.

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.