Today, record-breaking heat is being experienced, but the Danube water level has improved, exceeding Sunday’s low point by nearly 10 centimeters, and one block of the Paks Nuclear Power Plant is operational. A positive development is that Hungary will receive the guaranteed Danube water volume guaranteed in international agreements, while Slovakia is prepared to release some additional water. Many organizations across the country are continuing to conserve energy and water due to the heat. We can continue to follow the developments.
According to Peter Kažimír, a member of the Governing Council of the European Central Bank, the central bank must raise interest rates again to curb inflation. The Slovak central bank president believes that another monetary tightening is likely in September, and has sent a clear signal to the markets that decision-makers are prepared to act.
A special session of the committee, initiated by Fidesz and KDNP, is called for Tuesday afternoon after the two opposition factions withdrew from parliament. Speaker Hallerné Nagy Anikó discussed the absences, personal interventions, and potential sanctions.
The Association of Tax Advisors demands the complete abolition of mandatory chamber affiliation and registration, following the announcement by the President of the Hungarian Chamber of Commerce that fees would be adjusted according to company size. The interest group strongly protests against the transfer of individual business administration from the tax authority to the chamber starting next year - HVG reported.
According to internal information from Bloomberg, the Swiss National Bank (SNB) is expected to keep its key interest rate at zero until the end of 2027, and only then will it begin monetary tightening - Bloomberg reported. However, the central bank is reportedly prepared to carry out interventions in the foreign exchange market to smooth the impact of external shocks on the exchange rate.
The intensity of forest fires, involving over 300,000 people, has slightly decreased in France and Spain, but firefighters have little time to rest as the fourth heatwave of the summer approaches. Authorities are currently working to contain the fires before the next heatwave hits Western Europe on Tuesday, according to Bloomberg.
Police in Kunszentmiklós have recommended charges against two young women who defrauded several customers for hundreds of thousands of forints through online advertisements, the Bács-Kiskun County Police Headquarters announced on Monday.
According to Holtankoljak, wholesale fuel prices will continue to rise tomorrow. However, this is not guaranteed to be reflected in the prices of wells.
The extraordinary parliamentary session began with a speech by Prime Minister Magyar Peter. He emphasized that a decision will be made regarding the reduction of the VAT on firewood. During the day, a new member of the Constitutional Court was also elected.
The government has put the draft regulations out for public consultation, which provides an extension until August 31, 2026, for food retailers who have not redeemed their remaining senior citizen food vouchers. The reimbursement process will be handled by the Hungarian State Treasury, which will verify the authenticity of the vouchers and then reimburse their nominal value.
Portfolio.hu - Gazdaság·
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