Migrant Quotas Cannot Serve as Pretext for the Suspension of EU Funds “The draft European Union (EU) crisis regulation adopted this week is not about border protection, but about further relocation of... 2023.10.02.
Inflation Expected to Slow to 7-8 Percent by the End of the Year The consumer price index will fall to 7-8 percent by the end of the year, and the disinflationary impact will... 2023.09.29.
Hungary Moves Up in the Ranking of Richest Countries Last year, net financial assets per capita were EUR 18,060, putting Hungary in 30th place among the richest countries, the... 2023.09.27.
Civil Groups Are Calling on Brussels to Release Funds Destined for Hungarian Education NGOs and private individuals are calling on the competent Hungarian and European Union decision-makers to release Community funds for Hungary,... 2023.09.27.
Economic Growth to Return in Second Half of the Year The Hungarian economy may return to growth in the second half of the year, Finance Minister Mihály Varga said at... 2023.09.27.
This is How Much Hungarians Earn Today In July 2023, the average gross earnings of full-time employees were HUF 559,100 (1,430 EUR), while the average net earnings... 2023.09.25.
Government Injects EUR 400 Million to Kickstart Economic Recovery By mid-September, the National Capital Holding (NTH), managed by the Ministry of Economic Development (GFM), injected HUF 164 billion (EUR... 2023.09.22.
The EU Wants to Interfere in the Hungarian Budget, Minister Says Although the war and sanctions crisis is putting extraordinary strain on budgets, deficits and public debt are being steadily reduced,... 2023.09.18.
Further Fruitful Cooperation with Japanese Financial Giant on the Horizon We have had fruitful talks with the management of Sumitomo Mitsui Banking Corporation (SMBC), Finance Minister Mihály Varga announced on... 2023.09.01.
It Is Too Early to Talk about Joining the Euro Zone, Says Finance Minister Speaking at the Tranzit Festival in Tihany on Saturday, during a discussion on the consequences of giving up the national... 2023.08.28.
OTP Bank Could Be Removed from Ukrainian Blacklist For months now, OTP Bank has been on the list of international companies supporting the war in Ukraine, compiled by... 2023.08.23.
Budapest Stocks Break Record as Rest of the World Plunges The Hungarian and US stock markets are in a rare stand-off, with August so far a particularly good month in... 2023.08.21.
Hungarian Telekom Delivers Better than Expected Results Hungarian Telekom's management has raised its annual profit target in view of the company's second quarter results, which have exceeded... 2023.08.10.
OTP Bank’s Romanian Branches Still Looking for a Buyer The turmoil surrounding the sale of OTP Bank Romania continues unabated. At the same time, interest in the takeover of... 2023.08.04.
Falling Government Deficit and Rising GDP for the Economy in 2024 The government expects most of the country's economic indicators to be favorable next year, and the cabinet has based the... 2023.08.03.
What If the Government Had Stopped Paying Its EU Contributions? There is no substantive legal solution for Member States to assert budgetary claims against the European Union, Bernadett Petri, a... 2023.08.02.
Hungarian Expert Appointed to European Banking Authority Board of Supervisors The European Banking Authority has elected Csaba Kandrács, Deputy Governor of the Central Bank of Hungary, as a new member... 2023.08.01.
The Market Should Determine the Exchange Rate The most important task for Hungary is to bring inflation down to single digits, restore economic growth, and put it... 2023.07.26.
Budapest Students Win International Business Competition The winning team Trois Cent Soixante Croissants and their teacher. For the first time, a Hungarian team has won the... 2023.07.25.
Domestic FinTech Sector Continues to Expand An increasing range of banking products are available digitally, and the digital maturity of banks is continuously improving, Anikó Szombati,... 2023.07.25.
Foreign Investments Could Save Growth during Credit Crunch Although the Central Bank of Hungary has started easing in lending in recent months, we are still far from seeing... 2023.07.20.
