ECB asks banks not to pay dividends or buy back shares during COVID-19 pandemic Recommendation concerns dividends for 2019 and 2020, at least until 1 October 2020 ECB expects banks to keep funding households, small businesses and corporations The European Central Bank (ECB) today updated its recommendation to banks on dividend distributions. To boost banks’ […]
Hungary’s three-month rolling average jobless rate was 3.5% in December-February, up 0.1 of a percentage point from the previous three-month period, the Central Statistical Office (KSH) said.
The National Bank of Hungary (NBH) projects Hungary’s economy will expand more slowly this year because of measures to contain the spread of novel coronavirus, but it will maintain its growth advantage over countries in the euro zone.
Mr Monar Lora to start on 1 April 2020 He will replace Carlos Bernadell, who is now adviser to the ECB Executive Board The European Central Bank (ECB) today announced the appointment of Fernando Monar Lora as Director Risk Management. Mr Monar Lora is currently Head of the Risk Analysis Division in the Directorate Risk […]
The outbreak of the Coronavirus COVID-19 across the globe is without precedent and has shaken people and societies at all levels. It is set to have a profound impact, with far-reaching implications for the way people live and work across Europe and the globe. Short-term effects, such as massive job losses in particular sectors, the […]
Hungarian low-cost carrier Wizz Air has grounded around 85% of its fleet due to travel restrictions introduced by governments to contain the spread of novel coronavirus, the airline said.
The National Bank of Hungary (NBH) has said lenders may not raise borrowers’ instalments after a moratorium on repayments expires at year-end.
Fully 93% of businesses in the capital believe their outlook is bleak, according to a flash survey conducted by the Budapest Chamber of Industry and Commerce (BKIK) on the impact of the coronavirus crisis.
Hungary’s cash flow-based budget, excluding local councils, was 254.6 billion forints (EUR 72m) in the red at the end of February, the Finance Ministry said in a final reading.
The forint has hit record lows against the euro, US dollar and the Swiss franc. The euro was quoted at nearly 357.49 forints on Friday morning after having scraped a record low of 360.10 on Thursday.
