Hungarian Forint Hits 10 Month Record, Huge GDP Growth Expected The Hungarian Forint reached a ten month record of 346 to the euro on Tuesday after its value suddenly began... 2021.06.02.
Finance Minister: Hungary to Lead EU’s Post-Covid Economic Rebound Hungary is poised to lead the European Union's post-pandemic economic rebound, Finance Minister Mihály Varga said after meeting his EU... 2021.05.22.
Budget Deficit HUF 1,144 Bn at End-March, Ministry Confirms Hungary's cash flow-based budget, excluding local councils, posted a shortfall of 1,144.1 billion forints (EUR 3.15 billion) at the end... 2021.04.23.
Hungary’s Green Bond Wins CBI Award Climate Bonds Initiative, a non-profit organisation appraising sustainable financial solutions, has awarded Hungary for its green bond, first issued last... 2021.04.22.
Fiscal Council: 2021 Budget Deficit Target Needs to Be Raised Hungary's Fiscal Council noted on Thursday the deficit target in the 2021 budget would have to be raised. The government... 2021.04.16.
PIT Exemption of Under-25s in Hungary to Affect More Than Previously Thought In January, Prime Minister Viktor Orbán announced that from 2022 onwards, young Hungarians under the age of 25 will not... 2021.04.15.
Number of Student Loan Applications Breaks Record in 2020 The Student Loan Center closed a record year with 42,000 new applications, three times the 2019 figure, according to leading... 2021.04.13.
Budget Deficit 8.1 % of GDP in 2020 Hungary's budget ran a 3,870 billion forint (EUR 10.7bn) deficit last year, equivalent to 8.1 percent of GDP, data released... 2021.04.01.
Finance Minister Inaugurates HQ of International Investment Bank The International Investment Bank's (IIB) decision to move its headquarters to Budapest is a boost to Hungary's financial position on... 2021.02.19.
Fidesz Spends Far More On Hungary’s Corporations Than Previous Governments The government has been actively providing funding for large domestic and multinational corporations in return for the creation of jobs... 2021.02.10.
Central Bank Keeps Base Rate on Hold at 0.60% Hungarian central bank (MNB) rate-setters on Tuesday kept the base rate on hold at 0.60 percent and also decided to... 2021.01.26.
Hungarian Manager Becomes One of Mastercard’s Global Leaders Milán Gauder has worked his way up the ranks at Mastercard to the point where he is now Global Head... 2021.01.13.
EIB Lends Hungary’s Eximbank EUR 200 Million to Support Recovery The European Investment Bank (EIB) on Tuesday said it will lend 200 million euros to Magyar Eximbank, creating a new... 2021.01.13.
Gov’t Scraps Procedural Fees Procedural fees will no longer be levied, a state secretary at the finance ministry said on Sunday, noting that government... 2021.01.11.
Banking Assoc Asks Borrowers Who Aren’t Distressed to ‘Think Through’ Moratorium The Hungarian Banking Association asks borrowers who aren't distressed to "think through" participation in a six-month extension of the moratorium... 2020.12.21.
Finance Minister: Global Economic Downturn More Severe This Year than in 2008 The management of Hungary's public debt is stable and based on several pillars, Mihály Varga, the finance minister, said in... 2020.12.15.
Superbank Deemed National Priority, Not Subject to Competition Laws The government has deemed the planned creation of a "superbank" by combining Budapest Bank, MKB Bank, and MTB Savings Bank... 2020.12.10.
Coronavirus: European Investment Bank Supports Health-Care Sector with EUR 162.5 Million Loan The European Investment Bank (EIB) and the ministry of finance signed a 162.5 million euro loan granted to the National... 2020.12.05.
Coronavirus – FinMin Varga: New Measures to Make Payments Easier, Save Money Hungary's authorities have adopted various measures designed to make payments and navigating red tape easier and cheaper, the finance minister... 2020.11.24.
Finance Minister: GDP Could Be Down by 6.4% in 2020 The GDP of Hungary could fall by 6.4 percent this year and economic trends could start to change from the... 2020.10.27.
Hungary to Roll Out Tax Exemption to Home-distilled Pálinka in January Making pálinka, the national eau de vie, at home will be a tax-free activity from January 1, András Tállai, state... 2020.10.12.
