In April 2020 the volume of industrial production fell by 36.8% year-on-year, according to data by the Central Statistical Office (KSH).

The net asset value of investment funds in Hungary rose to HUF 7.211 trillion at the end of April, up by 0.3% from a month earlier, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB).

The Government Debt Management Agency (ÁKK) sold a combined HUF 95 billion of bonds at auction on Thursday, HUF 25 bln more than initially offered, state news wire MTI reports.

More than 65% of retail borrowers are availing of a repayment moratorium in force until the end of the year, Gergely Gulyás, the head of the Prime Ministerʼs Office, said at a weekly press briefing on today, according to a report by state news wire MTI.

This year, the planning of the electrification of the Balatonfüred-Tapolca-Keszthely railway line will begin, thus completing the modernization on the line along the northern shore of Lake Balaton, writes pro-government daily Magyar Nemzet.

Last week’s rains were not enough to end the drought; rapeseed is in a very bad condition and wheat is showing a poor overall picture, Tamás Petőházi, president of the National Association of Cereal Growers (GOSZ), told pro-government business daily Világgazdaság.

The Government Debt Management Agency (ÁKK) bought back a combined HUF 8.41 billion of bonds expiring in 2020 and 2021 before maturity at a reverse auction on Wednesday, according to a report by state news wire MTI.

New car registrations in Hungary dropped 52% from a year earlier to 6,472 in May, the Hungarian Association of Vehicle Importers (MGE) said on Tuesday, according to a report by Hungarian news agency MTI.

Hungaryʼs government issued a 15-year EUR 1.5 billion green eurobond on Tuesday, the Government Debt Management Agency (ÁKK) said, according to a report by state news wire MTI.

The Ministry of Agriculture announced a new agricultural investment funding package worth HUF 80 billion in the summer for high value-added livestock and horticulture sector, in order to reduce the agro-economic effects of the coronavirus epidemic and increase competitiveness, said Minister of Agriculture István Nagy, according to agroforum.hu.

NAV employees seized more than 30,000 boxes of untaxed cigarettes from a group of Vietnamese nationals with a criminal record, according to uzletem.hu.

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer, according to a report by state news wire MTI.

Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 40.3 points in May from 33.7 in April, continuing to improve after plunging in March on the impact of the coronavirus pandemic, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which compiles the index, said on Tuesday, according to a report by state news wire MTI.

In March 2020, the volume of exports was down by 5.6% and that of imports by 1% compared to the same period of the previous year, resulting in a trade surplus of EUR 301 million, down EUR 343 mln year-on-year, according to a second reading of data by the Central Statistical Office (KSH).

Industrial producer prices as a whole were 3.7% higher in April 2020 than in the same month of 2019, with the coronavirus pandemic affecting the development of prices, according to data released by the Central Statistical Office (KSH).

Voluntary pension fund member contributions rose by 4.5% to HUF 23.15 billion in Q1 2020 from Q1 2019, data from the National Bank of Hungary showed concerning the 36 voluntary pension funds that it tracks, according to a report by state news wire MTI.

Hungaryʼs trade of services declined for the first time in years in Q1 on the impact of the coronavirus pandemic, state news wire MTI reports, citing data released by the Central Statistical Office (KSH).

For the third time in a row, Hungary was named one of the world’s most popular investment sites by the American magazine Site Selection, and for the third time in a row, the Hungarian Investment Promotion Agency (HIPA) was the best in the region, said State Secretary for Foreign Affairs Tamás Menczer, in a post on his Facebook page. 

The government approved the Innovation and Technology Ministryʼs (ITM) research and development and innovation strategy, as part of which more than HUF 53 billion has been made available from Friday to support innovation projects from the HUF 145 bln limit of the National Research, Development and Innovation Office, minister László Palkovics said.

In March 2020, average gross earnings in Hungary amounted to HUF 400,400, 9% higher than a year earlier, according to data released by the Central Statistical Office (KSH).