Central Europe / News
Budapest Airport reports record passenger and cargo traffic in June
Passenger numbers at Budapest Airport rose 15% year on year to 9.07mn in the first half, which roughly matches the full-year total recorded a decade ago. Last month, the airport hub registered a record 1.7mn passengers, up 9% y/y.
Tusk unveils cabinet shake-up to regain footing after presidential election setback
Polish Prime Minister Donald Tusk announced a government reshuffle on July 23 in a bid to regain political momentum following the opposition’s victory in the presidential election in June.
Hungarian policymakers concede 2.4% growth target out of reach
Hungarian policymakers have conceded that the economy stagnated in Q2 and that full-year growth, even in the base case scenario, could only reach 1%, in line with market consensus.
Hungarian central bank holds rate steady at 6.5%
The Hungarian National Bank kept its key interest rates unchanged at 6.5% on July 22, maintaining a tight monetary policy stance amid persistent inflation risks and heightened global uncertainties.