The threat of the EU’s Article 7 procedure being triggered against Hungary will probably leave markets unaffected, while politically the governing Fidesz and Prime Minister Viktor Orbán could benefit from its “noise” prior to the elections next year, London-based analysts of Japanʼs Nomura say in an analysis sent to the Budapest Business Journal.
The base rate of the National Bank of Hungary (MNB) could be kept intact until 2019, or possibly even beyond, Deputy Governor Márton Nagy told wire service Reuters on Tuesday. Nagy also pointed out that inflationary expectations were anchored at a very low level despite strong wage growth.
Europe, including Hungary, will face the potential of a dire skills shortage by 2050; 35% of core skills will have changed within three years, and Hungary itself will only create 50,000 new jobs between now and 2025, according to Annemarie Muntz, one of the most influential voices in the labor industry.
German carmaker Audi will start production of electric motors at its base in Hungary in two weeks, Audi Hungaria Chairman Peter Kössler said Tuesday, according to Hungarian news agency MTI.
The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold at 0.90% at its meeting today, as expected, Hungarian news agency MTI reported.