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via msn09/10/2020

UK coronavirus LIVE: Cases jump by 2,919 as Portugal and Hungary added to travel quarantine list while Sweden gets green light - MSN UK

The UK has recorded another 2,919 coronavirus cases overnight, as the daily infection count creeps ever closer to 3,000. A further 14 people have died from Covid-19 across all settings over the past 24 hours, the latest Department of Health figures also reveal. It comes amid a fresh blow to holidaymakers, as Portugal and three other countries were added to the travel quarantine list. This means more travellers will be forced to self-isolate for...

via reuters09/10/2020

CEE MARKETS-Forint snaps win streak as CEE drifts lower - Reuters

Hungary's forint snapped a three-day rally on Thursday, leading central Europe's currencies lower after the central bank signalled a slower economic recovery from the coronavirus pandemic. The Polish zloty also paused a slight rebound seen this week after it touched a six-week...

via rvahub09/09/2020

HCPS will provide students with free meals through school curbside service and neighborhood bus drop-offs -

Even when school began this week using a predominantly virtual format, families depend on the thousands of meals prepared each day by Henrico County Public Schools’ School Nutrition Services Department. The department has answered the challenge of a highly unusual school year with plans to get free breakfasts and lunches to students using two distribution […]

via bbj.hu09/08/2020

The Czech capital tightening measures against coronavirus | The - Budapest Business Journal

The authorities are tightening preventive measures against COVID-19 in Prague following a sudden spike in cases. As of Wednesday (September 9), face masks will be mandatory in shops as well as in public transport, public institutions and medical facilities, Prague’s chief hygiene officer Zdeňka Jágrová has announced.

via forbes09/05/2020

New Europe Travel Bans: Covid Red Lists, Here’s What To Know - Forbes

As a Covid resurgence sweeps Europe, a growing number of countries are banning travelers from high-risk neighbors. The Euro map is color-coded with red, yellow and green travel restrictions meaning border closures and quarantines for some–or a green light to travel to and from low-risk destinations.

via pressherald09/04/2020

The Latest: Madrid struggles with Europe's acutest 2nd wave of pandemic - Press Herald

The latest on the coronavirus pandemic from around the U.S. and the world. The restart of colleges in Vermont is going well, with only 33 positive results turning up out of more than 27,000 students tested for the coronavirus, state officials said Friday. “We’ve had a small number of cases, but they’ve been detected early, […]

via bbj.hu08/29/2020

Hungary registers 2nd highest daily jump in COVID-19 cases - Budapest Business Journal

The number of active coronavirus cases in Hungary has increased to 1,296, up from 1,138 yesterday, according to data by government coronavirus information site The number of new cases registered represents the second-highest daily increase in confirmed cases since the beginning of the pandemic.

via schengenvisainfo09/10/2020

Norway Advises Citizens to Avoid Travel to Slovakia and Hungary Due to COVID-19 -

Norway has advised its citizens to avoid unnecessary travel to Slovakia and Hungary, after an increase in the number COVID -19 cases in both countries, in the past weeks. In addition to Slovakia and Hungary, the Norwegian authorities are also urging citizens to avoid travelling to Jämtland and Örebro regions in Sweden, the southern Denmark […]

via wam.ae09/09/2020

Ministry of Economy discusses economic, commercial cooperation with Hungary - Emirates News Agency

ABU DHABI, 9th September, 2020 (WAM) -- Abdullah bin Touq Al Marri, Minister of Economy, discussed, with Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, ways of reinforcing the economic and commercial cooperation between the UAE and Hungary, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. During the meeting, both sides highlighted the strong ties between the two countries and their mutual desire for further economic development. They also presented their available opportunities and vital...

via reuters09/08/2020

CEE MARKETS-Currencies extend losses as dollar firms; all eyes on inflation data - Reuters

Central European currencies on Tuesday extended their losses from last week, under pressure from a firmer U.S. dollar and increased risk aversion as investors cautiously awaited fresh inflation data across the region. The Hungarian forint weakened 0.15%, trading at 360.20 per euro, near the five-month lows that it hit last week. "Just like at the end of August, the EUR/HUF exchange rate became oversold, thus, the trend needs a temporary halt before it rises further," Erste Bank said in a note. "The next catalyst could be the inflation data to be published tomorrow." The currency has eased on local factors such as high inflation, worse-than-expected second-quarter GDP data and the dovish policies of the central bank, analysts have said. Hungary's central bank has offered to buy additional amount of government bonds from local lenders at its weekly tender on Tuesday. The bank launched the purchases as part of efforts to shore up the economy hit by the pandemic and has increased its purchases since its last rate meeting in August. The Czech crown was also down 0.14% and was trading at 26.520 versus the euro. The currency was weakened by rising risk aversion, CSOB bank said in a note. Investors will also be eyeing fresh inflation data due to be published on Thursday, the analysts added, which is "is likely to again jump above the bank's interval around its target and be in line with the outlook." "So with the highest likelihood the central bank will not have to meddle with interest rates at its September meeting," CSOB said. Elsewhere, the Polish zloty slid 0.22% to 4.4453 versus the common currency. The zloty has room to strengthen as Poland's economy recovers from the coronavirus crisis faster than previously expected, Prime Minister Mateusz Morawiecki was quoted as saying by Bloomberg news agency. Morawiecki said the current level of the zloty was good for the stability of the economy and the export industry. Stocks in the region were mixed, with Budapest's bourse gaining 0.61% and Bucharest's blue-chip index up 0.66%. Warsaw's stocks were down 0.48%. CEE SNAPSHO AT MARKETS T 1104 CET CURRENC IES Latest Previous Daily Change bid close change in 2020 EURCZK= Czech EURHUF= Hungary 0 EURPLN= Polish EURRON= Romanian % EURHRK= Croatian % EURRSD= Serbian 0 % % Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2020 .PX Prague 908.58 909.1700 -0.06% -18.56 % .BUX Budapest 35260.1 35047.88 +0.61 -23.49 0 % % .WIG20 Warsaw 1764.26 1772.85 -0.48% -17.94 % .BETI Bucharest 9124.80 9064.65 +0.66 -8.54% % .SBITOP Ljubljana <.SBITOP 851.42 851.41 +0.00 -8.04% > % .CRBEX Zagreb 1594.04 1602.28 -0.51% -20.99 % .BELEX1 Belgrade <.BELEX1 691.45 692.04 -0.09% -13.75 5 5> % .SOFIX Sofia 434.06 435.11 -0.24% -23.60 % Yield Yield Spread Daily (bid) change vs change Bund in Czech spread Republic CZ2YT=R 2-year ps CZ5YT=R 5-year ps CZ10YT= 10-year ps Poland PL2YT=R 2-year ps PL5YT=R 5-year ps PL10YT= 10-year ps FORWARD 3x6 6x9 9x12 3M interb ank Czech Rep 0.38 0.39 0.44 0.34 Hungary 0.78 0.85 0.90 0.62 Poland 0.22 0.20 0.20 0.23 Note: FRA are for ask quotes prices ********************************************** **************** (Additional reporting by Jason Hovet in Prague, Editing by Sherry Jacob-Phillips)

via 9and10news09/07/2020

The Latest: Doctors fear lack of ICU beds in southern France - 9 & 10 News - 9&10 News

PARIS — Doctors have raised the alarm that nearly all the intensive care beds reserved for COVID-19 patients are in use in and around France’s second city of Marseille. The Marseille Hospitals Medical Commission President Dominique Rossi told BFMTV on Monday that of the 70 designated intensive care beds in the Bouches-du-Rhone region, “between 65 and 67” are currently occupied. New daily infections in France have averaged over 5,000 in recent days, raising fears of a second wave of the virus. Rossi tweeted that the situation is tense, but that it isn't as bad as at the height of the first

via reuters09/04/2020

CEE MARKETS-Forint at five-month low, but turnaround seen in next 12 months - Reuters

Emerging European assets moved sideways on Friday morning, with the forint extending recent losses and nearing 360 against the euro, its weakest since climbing back from a record low set during the first wave of the coronavirus in April. The Czech crown and the Polish zloty both hit six-week lows. The Hungarian currency, a deep underperformer in the region this year, should gain the most on a 12-month horizon, according to a fresh Reuters poll. In the nearer term, however, fiscal and monetary response is plausible in Hungary as a second wave of the COVID-19 pandemic grows stronger in Europe, according to analysts and policymakers. Hungary needs to kick-start its economy while fine-tuning rules to prepare for a second wave of the pandemic, Prime Minister Viktor Orban said on Friday. The National Bank of Hungary's (NBH) chief said the fiscal strings could be loosened in the next two years, with the bank's easing bias adding to the forint's weakness. "The NBH acknowledged that its optimistic June growth forecast will need to be revised down," Morgan Stanley said in a note, adding that two more 15bp cuts by early 2021 were likely despite a central bank indication to hold fire. Hungary faces disinflation, which usually allows rate cuts, while inflation was stabilising in Poland, the region's largest economy, it added. Data showed on Friday that a recovery in industrial output slowed considerably in July, so the economy still has a lot of ground to cover, ING economist Peter Virovacz said in a note. "Right now, the volume of industry output is at 2017 levels," he said. "The stock of orders looks good, though, so in an ideal case, output can come close to a pre-crisis level by year-end." CEE SNAPSHOT AT 1028 CET MARKETS CURRENCIE S Latest Previous Daily Change bid close change in 2020 Czech 26.4000 26.3970 -0.01% -3.67% crown Hungary 359.3000 359.1500 -0.04% -7.84% forint Polish 4.4435 4.4411 -0.05% -4.21% zloty Romanian 4.8480 4.8500 +0.04% -1.23% leu Croatian 7.5400 7.5353 -0.06% -1.25% kuna Serbian 117.5000 117.5600 +0.05% +0.06% dinar Note: calculated from 1800 CET daily change Latest Previous Daily Change close change in 2020 Prague 904.11 901.7600 +0.26% -18.96% Budapest 34775.63 34778.20 -0.01% -24.54% Warsaw 1759.31 1769.19 -0.56% -18.18% Bucharest 9029.66 9055.33 -0.28% -9.50% Ljubljana 849.86 853.99 -0.48% -8.21% Zagreb 1607.74 1624.65 -1.04% -20.31% Belgrade <.BELEX15 695.12 696.30 -0.17% -13.29% > Sofia 435.17 434.77 +0.09% -23.40% Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year 5-year 10-year Poland 2-year 5-year 10-year FORWARD 3x6 6x9 9x12 3M interban k Czech Rep < 0.37 0.38 0.44 0.34 PRIBOR=> Hungary < 0.78 0.83 0.87 0.62 BUBOR=> Poland < 0.22 0.22 0.22 0.23 WIBOR=> Note: FRA are for ask prices quotes ********************************************************** **** (Reporting by Marton Dunai; Editing by Devika Syamnath)

via reuters08/17/2020

CEE MARKETS-Hungarian forint weakens on poor Q2 GDP data, zloty firms - Reuters

Central European currencies were mixed with the Hungarian forint sliding more than half a percent on Monday as investors reacted to a plunge in economic activity in the region caused by the coronavirus pandemic. The forint was trading 0.55% down at 348.30 per euro. "The forint is being hit because of the weak GDP number from Friday," an FX trader in Budapest said. "The jump in public debt does not look good, either." Hungary's GDP dropped by 13.6% year-on-year, the worst in the region, in the second quarter. The country's public debt jumped to 71.9% of GDP as the pandemic hit, the central bank said on Monday. Elsewhere, the Polish zloty firmed 0.31% to 4.3870 per euro. The currency was helped by a better-than-expected, 8.2% annual drop in GDP in the second quarter, an FX trader in Warsaw said. Higher-than-expected inflation could put the Hungarian forint and the Polish zloty under pressure and makes investors closely watch communication by the Hungarian (NBH) and Polish (NBP) central banks, analysts say. "Medium-term risks for the zloty still remain: a monetary policy that is possibly too expansionary in the long run on the backdrop of current inflation rates," Commerzbank said. Poland's central bank is due to release July net inflation data at 1200 GMT. The NBP has cut rates three times, to 0.1%, this year and launched large-scale bond purchases. Investors will also be eyeing the NBH's steps, Commerzbank said, because "while the slump in growth argues for a continued expansionary or even more expansionary monetary policy, rising inflation rates tend to require a restrictive signal". Headline inflation in Hungary accelerated to an annual 3.8% in July. The NBH targets 3% headline inflation with a tolerance band of a percentage point on either side. The bank is holding its next rate-setting meeting on Aug. 25. The NHB cut its base rate in June and July by a total of 30 basis points, to 0.6%, and started a bond-buying programme. Elsewhere, the Romanian leu and the Czech crown were little moved. CEE SNAPSHO AT MARKETS T 1111 CET CURRENC IES Latest Previous Daily Change bid close change in 2020 EURCZK= Czech EURHUF= Hungary 0 EURPLN= Polish EURRON= Romanian EURHRK= Croatian EURRSD= Serbian 0 % Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2020 .PX Prague 911.80 913.0600 -0.14% -18.27 % .BUX Budapest 36489.9 36591.83 -0.28% -20.82 0 % .WIG20 Warsaw <.WIG20 1845.41 1856.56 -0.60% -14.17 > % .BETI Bucharest 8749.59 8733.63 +0.18% -12.31 % .SBITOP Ljubljana <.SBITO 863.84 860.69 +0.37% -6.70% P> .CRBEX Zagreb <.CRBEX 1596.79 1602.57 -0.36% -20.85 > % .BELEX1 Belgrade <.BELEX 666.49 667.27 -0.12% -16.86 5 15> % .SOFIX Sofia <.SOFIX 433.14 433.21 -0.02% -23.76 > % Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT=R 2-year s CZ5YT=R 5-year s CZ10YT= 10-year s Poland PL2YT=R 2-year s PL5YT=R 5-year s PL10YT= 10-year s FORWARD 3x6 6x9 9x12 3M interb ank Czech Rep Hungary Poland Note: FRA are for ask quotes prices ********************************************** **************** (Additional reporting by Alan Charlish in Warsaw, editing by Ed Osmond)

via simplemost09/09/2020

Poll Finds A Third Of Americans Won't Get A COVID-19 Vaccine - Simplemost

One-third of Americans say they would not get a coronavirus vaccine should one become available, according to a multinational survey conducted by Ipsos on behalf of the World Economic Forum. Those in the United States appear to skew more skeptical of a COVID-19 vaccine, as 74% of people worldwide would

via reuters09/09/2020

CEE MARKETS-Forint firms as cenbank launches swap tenders for FX liquidity - Reuters

Most Central European currencies held stable on Wednesday, while the Hungarian forint firmed and recouped some of its losses from earlier this week after the central bank launched swap tenders for foreign currency liquidity. The National Bank of Hungary (NBH) said it had added the tenders to its monetary policy toolkit in order to reduce volatility in the domestic fx swap market. The announcement helped the forint regain some of its losses from last week when it fell to a five-month low, analysts said. The currency was up 0.21%, trading at 358.15 versus the euro on Wednesday. "This step strengthens the forint as commercial banks do not need to buy foreign currency in the market," Equilor wrote. This is an "important message about what could be a tolerance range for the EUR/HUF exchange rate," Erste Bank said in a note. Investors were digesting fresh inflation data that did not immediately have an effect on the forint's exchange rate. Hungarian headline inflation accelerated to an annual 3.9% last month from 3.8% in July. The central bank's tax-adjusted core inflation gauge rose to an annual 4.2% in August. The NBH targets 3% headline inflation with a tolerance band of a percentage point on either side. "These numbers are in line with expectations," David Nemeth, senior analyst at KH Bank wrote, adding that he expects inflation to ease in the last months of this year. Hungary has started marketing a four-tranche Samurai bond offering this week that includes a green portion, IFR reported. Hungary has already issued 3.5 billion euros of foreign currency bonds this year under a 4 billion euro plan as Hungary's budget deficit has grown because of the economic fallout from the coronavirus. The Czech finance ministry holds a bond auction later today, offering 2022, 2027 and 2029 bonds . The ministry has eased up on issuance since the record first-half borrowing. The Czech crown was a touch up, firming 0.04% to 26.5070 per euro. Elsewhere, the Polish zloty firmed 0.09% to 4.4538, while the Romanian leu was little moved. Stocks in the region were mixed, with Budapest's bourse down 0.22% and Bucharest's blue-chip index sliding 0.33%. Warsaw's stocks firmed 0.89%, while Prague edged up 0.03%. CEE SNAPSHO AT MARKETS T 1045 CET CURRENC IES Latest Previous Daily Change bid close change in 2020 EURCZK= Czech 26.5070 26.5180 +0.04 -4.06% crown % EURHUF= Hungary 358.150 358.9000 +0.21 -7.54% forint 0 % EURPLN= Polish 4.4538 4.4580 +0.09 -4.43% zloty % EURRON= Romanian 4.8585 4.8580 -0.01% -1.44% leu EURHRK= Croatian 7.5300 7.5325 +0.03 -1.12% kuna % EURRSD= Serbian 117.550 117.5700 +0.02 +0.02 dinar 0 % % Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2020 .PX Prague 903.95 903.6600 +0.03 -18.97 % % .BUX Budapest 34961.0 35037.61 -0.22% -24.13 8 % .WIG20 Warsaw 1749.26 1733.88 +0.89 -18.64 % % .BETI Buchares 9083.65 9114.02 -0.33% -8.96% t .SBITOP Ljubljan 847.70 844.46 +0.38 -8.44% a % .CRBEX Zagreb 1595.98 1593.10 +0.18 -20.89 % % .BELEX1 Belgrade <.BELEX15 688.65 691.45 -0.40% -14.10 5 > % .SOFIX Sofia 434.02 434.26 -0.06% -23.61 % Yield Yield Spread Daily (bid) change vs change Bund in Czech spread Republic CZ2YT=R 2-year ps CZ5YT=R 5-year ps CZ10YT= ps Poland PL2YT=R 2-year ps PL5YT=R 5-year ps PL10YT= ps FORWARD 3x6 6x9 9x12 3M interb ank Czech < 0.37 0.39 0.44 0.34 Rep PRIBOR=> Hungary < 0.82 0.93 0.99 0.62 BUBOR=> Poland < 0.20 0.20 0.19 0.23 WIBOR=> Note: are for ask prices FRA quotes ********************************************** **************** (Additional reporting by Jason Hovet in Prague and Alan Charlish in Warsaw, Editing by Sherry Jacob-Phillips)

via 9and10news09/07/2020

The Latest: Kentucky state representative contracts COVID-19 - 9 & 10 News - 9&10 News

LOUISVILLE, Ky. — A Kentucky state representative announced that she has tested positive for the coronavirus. The Courier-Journal reported that State Rep. Attica Scott, a Louisville Democrat, said in a video posted to social media that she took the test last week and got the results back on Sunday. Scott’s announcement came on the same day Democratic Gov. Andy Beshear announced a record number of positive coronavirus cases for the second straight week in Kentucky. Beshear said the 4,742 confirmed cases for the week ending Sunday topped the record 4,503 cases from the previous week. Health

via kusi09/07/2020

The Latest: Double lung transplant virus survivor going home - McKinnon Broadcasting - KUSI

WARSAW, Poland – Doctors say Poland’s first double lung transplant COVID-19 patient is feeling fine and will be going home this week. Doctors who treated 45-year-old Grzegorz Lipinski said Monday that the double transplant was the only way to save him after the virus almost totally his lungs. Lipinski is head of the medical instruments sterilization room at a hospital in Tychy, southern Poland, that only treats COVID-19 patients. He was initially treated there then was moved to the University Hospital in Krakow, where he was put on the ExtraCorporeal Membrane Oxygenation, which is a system

via schengenvisainfo09/04/2020

EU Commission Takes Another Step Towards Coordinated COVID-19 Travel Restrictions -

The European Union Commission has advanced its work towards coordinated and clearly communicated measures regarding travel restrictions taken due to the Coronavirus pandemic, between the Member States. Through the approval of a proposal for a Council Recommendation on a coordinated approach to the restriction of free movement, the Commission intends to unify the Member States […]

via balkaninsight09/02/2020

Hungary: A Nation of “Haves” and “Have Nots” - Balkan Insight

Budapest is suffering a housing crisis as skyrocketing real estate prices combine with a lack of municipal housing to present one of the most serious challenges for Hungarians today. Housing has also become a political battleground for the government and opposition, serving as a prelude to the 2022 election campaign.