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Hungary economy

Hungary plans to change central bank law to ease budget burden

BUDAPEST: Hungary’s government will have five years instead of the current eight days to reimburse the National...

Published 07 Nov, 2022 07:00am

Business & Finance

Hungary central bank leaves rates steady, as expected

Base rate 0.6%, O/N depo rate -0.05%.
Decision in line with expectations.
Bank could raise base rate at June meeting.
Hawkish turn a "game-changer" –analyst.

Published 25 May, 2021 05:29pm

Business & Finance

Hungary central bank leaves rates steady as inflation spike looms

Base rate 0.6%, O/N deposit rate -0.05%.
Decision in line with expectations.
Inflation to overshoot target range in Q2 –cbank.
May need to tighten if forint sinks –analysts.

Published 27 Apr, 2021 08:01pm

World

Hungary starts reopening despite highest daily COVID deaths

Even so, Hungary reported its highest ever daily coronavirus death tally - 311 - on Wednesday, bringing the total to 22,409.
"This virus has destroyed us," said Maria Tarnoky, a hairdresser in Budapest joyfully washing and cutting her first customer's hair after a month's pause.

Published 07 Apr, 2021 05:58pm

World

Hungary toughens COVID-19 lockdown to curb ‘very strong’ third wave

Most shops to be closed under new measures.
Primary schools shift to remote learning.
Daily new COVID-19 cases hit a three-month high.

Published 04 Mar, 2021 06:27pm

World

Hungary to extend AstraZeneca jabs to people over 60

A week ago, Hungary became the first European Union member to start inoculating people with China's Sinopharm vaccine after rolling out Russia's Sputnik V vaccine as well, even though neither has been granted approval for emergency use by the bloc.
A new change is that it (AstraZeneca jab) can be given to everyone above the age of 18 without any age limit. There has been sufficient data that proves its efficacy also for older people.

Published 03 Mar, 2021 08:52pm

World

Hungary must prepare for surge in COVID-19 cases

The pandemic is progressing at an enormous pace throughout Europe and in Hungary, the number of cases rises day after day as well, even as 721,000 people had already received (at least) the first dose of a vaccine.
The country aims to give the jab to about 80,000 more people by Wednesday, although several officials have warned in recent days that further restrictions may be needed to curb the pandemic.

Published 02 Mar, 2021 06:59pm

World

Hungary stretches vaccine supply to counter ‘exponential’ rise in cases

"Data show exponential growth (in infection)," Muller told an online press briefing. "The coming weeks will be very difficult."
Western procurement has also increased, with Hungary upping its order of Pfizer-BioNTech vaccines to 10.87 million from an earlier order of 6.5 million, Muller said.

Published 01 Mar, 2021 06:02pm

Markets

Hungary central bank buys 25bn forints worth of bonds

*It bought 16 billion forints worth of 2033/A bonds at 2.32% average yield, 3 billion forints worth of 2034/A bonds at 2.48%, 4 billion forints worth of 2038/A bonds at 2.8% average yield and 2 billion forints worth of 2041/A bonds at 3.05%.

Published 16 Feb, 2021 07:53pm

World

Hungary to start vaccinations with Russian COVID-19 shot

Cecilia Muller said the first 2,800 doses of Sputnik would be given to those who have registered for inoculations.
"It... can be used with appropriate caution in case of certain chronic diseases," she told a briefing.

Published 09 Feb, 2021 06:08pm

World

Hungary denies EU executive seeks legal changes to protect stimulus spending

Fake news that European Commission requested Hungary to amend public procurement laws.
The government did not receive any kind of request from the European Commission, neither official nor informal.

Published 09 Feb, 2021 05:16pm

World

Hungary PM flags easing of lockdown after Easter, economy rebounding in Q2

Nationalist Orban, who will face parliamentary elections in early 2022, is under pressure to reopen the economy.
"... and then we could surely live our lives more freely if we observe the rules in a disciplined manner until then," Orban told.

Published 04 Feb, 2021 05:28pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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