MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI:AUSTRALIA Q3 CURR ACCT BALANCE -14149M

MNI: UK BRC NOV BY VALUE SHOP SALES LFL -3.4% YY, TOTAL -3.3% YY

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Government Launch HUF700b Subsidised Credit Scheme

HUNGARY
  • Hungary's government will launch a HUF 700b subsidised credit scheme for businesses from February, the Economic Development Ministry said on Monday as cited by MTI. Credit in the Baross Gabor Reindustrialisation Programme will be available to businesses, regardless of size, for investment or working capital loans. Rates for the credit will be capped at 6% for forint loans and 3.5% for euro loans, but will be even lower for investments that boost energy efficiency.
  • Hungary’s outlook was revised to negative from stable by Fitch Ratings late last Friday after almost $30b in EU funding was blocked due to corruption and graft concerns last year. Fitch maintained the sovereign’s credit rating at BBB, the second-lowest investment grade. “Fitch sees a high probability of delays in the disbursement of EU funds,” the rating company said. S&P, which has Hungary on negative outlook since August, will publish its rating review this Friday.
  • Finance Minster Varga will attend a parliamentary hearing about the 2023 budget at 1000 GMT/1100 local time. The central bank’s rate decision takes focus this week, where rates are expected to be held at 13.0% as the NBH continues to lean more heavily on deposit tenders and non-rate based policies.
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.