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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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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