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Euro area and national quarterly financial accounts – Quality report 2020

Euro area and national quarterly financial accounts – Quality report 2020
This report reviews the quality of the quarterly euro area and national financial accounts.
[1] It fulfils the formal requirement for the Executive Board of the European Central Bank (ECB) to inform the Governing Council of the ECB regarding the quality of those statistics, as set out in Article 7(2) of Guideline ECB/2013/24
The main principles and elements guiding the production of ECB statistics are set out in the ECB’s Statistics Quality Framework and quality assurance procedures, which are published on the ECB’s website. This report provides analysis of the relevant statistical output, looking at: (i) methodological soundness; (ii) timeliness; (iii) reliability and stability; (iv) internal consistency (completeness and compliance with validation rules); and (v) external consistency with four other comparable statistical domains – quarterly non-financial sector accounts, balance of pay ....

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Hungary offers $700-M export financing to PH

Published May 19, 2021, 3:48 PM
The Hungarian government has offered to provide $700-million in export financing to the Philippines to further boost trade between the two countries.
István Joó, Deputy State Secretary for Export Development of the Ministry of Foreign Affairs and Trade of Hungary, announced the export financing facility on the first day of the 1st Philippine Hungary Online Business Forum and B2B Event.
István Joó, Deputy State Secretary for Export Development of the Ministry of Foreign Affairs and Trade of Hungary.
“The Hungarian Export Import Bank is open to financing export transactions to the Philippines of more than $700 million,” said Joo in a speech at the opening of the three-day online event. ....

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Feasibility of building export-oriented factories in rural areas discussed

2021-04-01 15:24:24
Ulaanbaatar /MONTSAME/ Director of the Agency of Small and Medium-sized Enterprises (SME Agency) Ya.Erdenesaikhan had a meeting with Ambassador Extraordinary and Plenipotentiary of Hungary to Mongolia Borbala Anna Obrusánszky.

At the meeting, the Hungarian Embassy’s advisor on agriculture and foreign trade B.Ankhbayar talked about the feasibility of building export-oriented European standard meat and milk factories in rural areas and proposed cooperating in that effort.

It plans to choose an aimag to build a small factory as a try-out in and use the Hungarian Export-Import Bank as the funding source.

SME Agency Director Ya.Erdenesaikhan showed an interest in cooperating with the Hungarian equivalent of the SME Agency. ....

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