Hungary has changed the risk classification for Spain governing restrictions on arrivals of Hungarian and foreign nationals based on rates of novel coronavirus infections to yellow from green, according to a report by state news wire MTI.
In June 2020 the volume of industrial production in Hungary dropped by 7.8% year-on-year, according to data published by the Central Statistical Office (KSH).
The Monetary Council of the National Bank of Hungary (MNB) surprised the markets with a decision that took what had already been a record-low base rate down to 0.75%. The move sent the volatile forint to a historic low.
At the beginning of August, Wizz Air Hungary became the first airline in Europe, to obtain an Air Operator Certificate (AOC) from the European Union Aviation Safety Agency (EASA), according to a press release sent to the Budapest Business Journal.
Hungaryʼs government has allocated HUF 1.5 billion in subsidies to ensure microbusinesses and SMEs in the tourism sector can access HUF 100 bln in free-purpose credit, at 0%, from September, state news wire MTI reports, citing a resolution published in official gazette Magyar Közlöny.