Topic

Hungary economy

Hungary plans to change central bank law to ease budget burden

Published 07 Nov, 2022 07:00am

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

Hungary central bank leaves rates steady, as expected

Published 25 May, 2021 05:29pm

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.

Hungary central bank leaves rates steady as inflation spike looms

Published 27 Apr, 2021 08:01pm

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.

Hungary starts reopening despite highest daily COVID deaths

Published 07 Apr, 2021 05:58pm

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.

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

Published 04 Mar, 2021 06:27pm

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

Hungary to extend AstraZeneca jabs to people over 60

Published 03 Mar, 2021 08:52pm

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.

Hungary must prepare for surge in COVID-19 cases

Published 02 Mar, 2021 06:59pm

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.

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

Published 01 Mar, 2021 06:02pm

"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.

Hungary central bank buys 25bn forints worth of bonds

Published 16 Feb, 2021 07:53pm

*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%.

Hungary to start vaccinations with Russian COVID-19 shot

Published 09 Feb, 2021 06:08pm

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.

Hungary denies EU executive seeks legal changes to protect stimulus spending

Published 09 Feb, 2021 05:16pm

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.

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

Published 04 Feb, 2021 05:28pm

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.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
Dow Jones / Jun 3	50,687.07
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79
FTSE 100 / Jun 4	10,349.70
Germany DAX 30 / Jun 4	24,899.30
France CAC40 / Jun 4	8,185.81

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

Hungary economy

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