Site: Europe

On Tuesday, the forint fell to a five-month low level against the euro, after the MNB’s Monetary Council cut the benchmark rate by 100 basis points.

Production has stopped for a week at the Magyar Suzuki factory in Esztergom, between January 15th-21st – the company’s communications manager informed MTI on Monday.

The Chinese Eve Power, which is building a battery factory in the north-western economic zone of Debrecen, next to the BMW factory, received the permit for the construction work of the first phase of the landscaping and deep foundation preparatory to the investment.

The number of foreigners reached a record on the Hungarian housing market last year, according to an analysis by ingtalan.com, which processes official KSH data, which also reveals which country’s people had the most interest in Hungarian residential properties in 2023.

The forint weakened against the major currencies on the interbank foreign exchange market early Monday evening compared to this morning.

The number of parcel machines of Packeta Hungary increased to 800 by the end of last year from 29 at the beginning of the year, and further expansion of the network is planned, the logistics service provider told MTI.

The HUF has strengthened against the major currencies early Thursday morning on the international interbank foreign exchange market compared to Wednesday night’s quotations.

The forint has weakened against the major currencies on Tuesday morning in the interbank market compared to Monday evening.

In January of this year, consumer prices exceeded a year earlier by an average of 25.7 percent, the Central Statistical Office (KSH) announced on Friday.

Google’s new chatbot based on artificial intelligence gave a wrong answer in a commercial video about the American James Webb space telescope Bard, which shook the confidence of investors, the online edition of the Guardian wrote on Thursday.