The first decisions regarding a government tender to support technology upgrades made by enterprises from the budget of 33 billion forints (EUR 95.5m) have been made in record time, Mihály Varga, the finance minister, has said.
Hungarian exports and imports plunged in March, when the coronavirus started impacting the economy, according to a second reading of trade data released by the Central Statistical Office.
Hungary’s 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, Halpim, the organisation that compiles the index, said.
Industrial producer prices rose by 3.7% in April from the same month a year earlier, the Central Statistical Office (KSH) said.
Innovation and Technology Minister László Palkovics discussed resuming tourism relations between Hungary and Germany with Germany’s deputy economy minister, the innovation and technology ministry said.
The government has diverted resources so that the 2021 budget could be focused on combatting the novel coronavirus epidemic and protecting the economy, Finance Minister Mihály Varga told public broadcaster Kossuth Rádió.
The Hungarian economy grew by an annual 2.2% in the first quarter, the Central Statistical Office (KSH) said, based on its second reading of the data.
As announced by European Commission President von der Leyen on 27 May 2020, the Commission is aiming to kick-start the EU economy by incentivising private investments.
Wage growth for full-time workers in Hungary slowed to an annual 9% in March, the Central Statistical Office (KSH) said. Wage growth slowed for the fourth month in a row. In absolute terms, the average gross monthly wage stood at 400,400 forints (EUR 1,147).
Yesterday, the European Commission presents its proposal for a public sector loan facility under the Just Transition Mechanism.