Forint Plunges as PM Orbán Turns to Windfall Taxes against Banks, Large Companies The forint plunged sharply after Viktor Orbán's Wednesday announcement regarding the government's plan to introduce windfall taxes on banks and... 2022.05.26.
Lake Balaton: Raw Material Costs and Staff Shortages Make Life Difficult for Restaurants An assistant cook is wanted with a net salary of 800,000 HUF (2,100 euros), but there are not many applicants,... 2022.05.24.
Incoming Minister Nagy: Price Cap Can Stay, Retailers Can Cover Costs from Extra Profits RTL asked Márton Nagy, future Minister for Economic Development, about the price caps in Hungary. As he said, they may... 2022.05.19.
G7: Hungary Pays Much More for Russian Gas Than Other EU Countries Hungary paid the most for Russian gas within the surrounding region in February this year. The price for our country... 2022.05.18.
A Quarter of Hungarian Hotels Remain Closed after Pandemic More than 200 hotels have not reopened their doors in Hungary this year. But inflation has compensated for many of... 2022.05.18.
Companies Increase Membership Fees Following Budapest Taxi Tariff Hike Just a week after Budapest raised the official uniform tariffs on the city's taxis, several taxi companies have already decided... 2022.05.16.
Hungarian Retailers Buying Up Price-capped Products, Discounter Lidl Intorduces Ban As a result of the rush to stock up on price-capped products in supermarkets and discount shops, there are more... 2022.05.11.
Rising Rent Prices in Budapest Surpass Hungary’s Record High Inflation Ingatlan.com has published a recent analysis of the national rental market, while Rentingo.com has published a new analysis of the... 2022.05.11.
Small Gas Stations Sue Hungary in Strasbourg over Price Freeze The extended price cap could lead to the mass closure of smaller, mostly family-run gas stations that have been operating... 2022.05.03.
FinMin: Economy Still on Growth Path, With Deficit, Debt Shrinking The next four years are likely to see high growth coupled with a gradual tapering in public debt and budget... 2022.04.30.
IMF Expects Best GDP Growth in Region for Hungary and Poland As recently as January, the International Monetary Fund (IMF) had assumed that the global economy would recover from the second... 2022.04.21.
Rule of Law Mechanism: Hungarian Stock Market Plunges, Forint Weakens As we reported earlier, the European Commission announced on Tuesday that it is launching the rule of law procedure against... 2022.04.06.
MOL CEO: “As Long as Gasoline Price Cap Is in Place, There Will Be Tensions in Supply” "We are at home in this region, this is a responsibility, and shareholders must also take note of this," said... 2022.04.01.
Gas Station Owners Consider Constitutional Complaint against Price Cap Hungary's smaller gas station owners are considering filing a constitutional complaint against the Hungarian state over the HUF 480 fuel... 2022.03.17.
Inflation Reaches 15-Year High in February Consumer prices were 8.3 percent higher in February 2022 than a year earlier, breaking another 15-year record after 7.4 percent... 2022.03.09.
OTP Bank CEO: “I know Putin, but I dare not predict the outcome of the war” Sándor Csányi, CEO of OTP Bank, spoke about Russian President Vladimir Putin, the Russian-Ukrainian war, and the outlook for OTP... 2022.03.07.
Hungary’s Forint Sinks to New Historic Low The forint hit another historic low against major currencies in the interbank market on Monday morning. The Hungarian currency reached... 2022.03.07.
Despite National Bank’s Deposit Rate Hike, Hungary’s Forint Once Again Falls to Historic Low Despite delivering its biggest rate hike since 2008 on Thursday, the decision of Hungary's central bank was unable to keep... 2022.03.04.
Fuel Price Cap: MOL Introduces Quantity Restrictions The demand for fuel from gas stations has risen to record levels, so the Hungarian oil company MOL has introduced... 2022.03.04.
Central Bank Withdraws Sberbank Hungary Licence, Orders Lender Wound Up The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its... 2022.03.02.
Central Bank Will Intervene to Ensure Stability of Financial Markets “if Necessary” The National Bank of Hungary (NBH) will use all elements of its toolkit to intervene to ensure the stability of... 2022.03.02.
