Hungaryʼs GDP could fall by 6.4% this year, according to the Finance Ministryʼs calculations, the head of the portfolio, Mihály Varga, said at annual hearings before parliamentary committees this week, according to a report by state news wire MTI.
The number of active coronavirus cases in Hungary stands at 47,257, with 2,291 new cases and 43 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu.
Much to the surprise of many, an international credit rating agency has improved Hungary’s outlook in the middle of the coronavirus crisis. However, analysts still predict a large scale setback for the economy and a slow recovery for the country.
Discount carrier Wizz Air announced adding a new base in Bari, basing an Airbus A321 aircraft at the Italian airport from December 2020, and also creating seven new routes in the country.
The Hungarian Investment Promotion Agency (HIPA) has been recognized as the best investment promotion agency in Central Eastern Europe and Turkey at the Annual Investment Meeting (AIM), a high-profile international FDI event, state news wire MTI reports.