MNI BRIEF: Case For ECB Cuts Strengthening, Accounts Show

MNI INTERVIEW2: Germany Faces Stagnation -Former Experts Chair

MNI BRIEF: Smaller Firms Split Over Wage Hikes - BOJ Report

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

EZ/UK Bond Supply Calendar: EU Auction And BoE Short APF Mon

US EIA:NAT GAS STORAGE -37 BCF TO 2,259 BCF MAR 29 WK

Feb Trade Balance Surprises With "Significant Growth" At +CAD1.4B

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GDP Would Have Been More Resilient With RRF Funds, Varga Says

HUNGARY
  • Minister of Finance Varga said Hungary's GDP growth would have been "over 5%" last year had the country been paid its Recovery and Resilience Facility (RRF) funding in due time in a statement issued ahead of a meeting with his EU peers earlier this week, according to novekedes.hu. "By holding back that funding, the European Commission hurt Hungary's competitiveness and interfered in competition among member states," Varga said.
  • Hungary had a EUR781m current account deficit in January, data released by the NBH this morning showed. The gap widened from EUR694m in December but was well under the EUR1.699bn deficit in November.
  • Talks between Prime Minister Orban and Turkish President Erdogan in Ankara focused on the war in Ukraine and energy security issues, the PM's press chief said as reported by MTI. "Drifting into war and its escalation must be avoided," the statement reads quoting the two leaders.
  • Chris Erceg, the deputy director at the IMF’s Monetary and Capital Markets Department, will take part in a panel at a central banking conference at Budapest’s Corvinus University later today. There are no data releases scheduled today.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.