Polish Output, Hungarian Cabinet Meeting in Focus Next Week

 
   


By Margit Feher and Martin M. Sobczyk 
 

        Poland's output growth and Hungary's cabinet meeting will be in focus next week, when Hungary will have a two-day national holiday.
        Hungary's government will discuss various issues at its weekly meeting, including handling the wave of migrants from the Middle East and North Africa, and reducing red tape for the construction sector.
        The cabinet is also expected to decide on converting foreign-currency car loans into the local currency. The conversion of foreign-currency mortgages into Hungarian forints is already underway. Hungarians hold more than 200,000 foreign-currency denominated car and personal loans, totaling nearly 300 billion forints ($1.08 billion).
        Additionally, it is due to decide on a response to the European Union's prohibition in July of Hungary's application of two special taxes, the steeply progressive food inspection fee and special tobacco levy, due to the EU's pending probe into the taxes on competition considerations.
        Poland's industrial output growth is likely to have slowed because of a lower number of workdays and a high statistical base in the previous year.
        Polish retail sales are expected to have expanded at a relatively steady pace.
        Write to Margit Feher at margit.feher@wsj.com and Martin M. Sobczyk at martin.sobczyk@wsj.com
        (END) Dow Jones Newswires

        August 14, 2015 10:30 ET (14:30 GMT)