Hungarian, Czech, Austrian, and Slovakian citizens are allowed to travel to each otherʼs countries without restrictions starting today, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Facebook.
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.
The first macroeconomic data that already shows the effects of the pandemic were released in the past week, and they indeed reflect that the economy came to a halt in the first quarter of the year. However, first quarter GDP data was much less worse than expected, and placed in international comparison, it stands out from the rest of the EU. Worse is yet to come, analysts warn, but the government expects the economy to rebound in the second half of the year.
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).
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).
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