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.
Forint Value Plummets After Russia Invades Ukraine On Tuesday, the forint reached a historic low of HUF 379.70 to the Euro. The Hungarian forint already reached a... 2022.03.01.
Russian Sberbank’s Local Unit Holds Bank Holiday amid Fear of Bankruptcy The European Central Bank (ECB) has assessed that the European subsidiary of Russia's state-owned Sberbank is facing bankruptcy. Sberbank Europe... 2022.02.28.
Food Price Cap: 1,000,000 Forint Fine for 10 Forint Overpricing According to a statement by the Ministry of Innovation and Technology, there are rarely problems in Hungary with the observance... 2022.02.24.
Price Cap on Fuel: Proposals Sent to Gov’t to Save Gas Stations On Monday morning, representatives of gas stations and the government met for talks. Retailers tried to highlight the increasingly hopeless... 2022.02.21.
From Now On, All Gas Stations Lose Money on Fuel Sales "After Friday's renewed fuel price increases, there will be no more gas stations in Hungary whose purchase prices are lower... 2022.02.18.
Food Price Cap: Sales of Affected Products Increased by 60-80% Sales of products affected by the price cap, i.e. where prices had to be reset to the level of October... 2022.02.18.
Some Gas Stations Only Allow 10 Liters of Fuel per Customer As many as one in two businesses in Hungary could close their gas stations after the government extended the gasoline... 2022.02.15.
Buying a Garage Proves to Be One of Top Investments With property buyers pushing towards the car boom and the agglomeration of homes, garages have appreciated in value, and anyone... 2022.02.11.
Housing Prices in Budapest Agglomeration Up by a Third in One Year The popularity of the Budapest agglomeration remains unbroken despite the sharp rise in prices, Portfolio reports. Plot prices of up... 2022.02.10.
Two-Thirds of Hungarians Would Welcome Introduction of Euro 64 percent of Hungarians believe that the introduction of the euro would have a positive impact on their situation, and... 2022.02.09.
Record Prices per Square Meter of New Apartments in Budapest The average price per square meter of new apartments in Budapest has broken a historic record, with sellers asking for... 2022.02.05.
Wholesale Fuel Prices Continue to Rise, Smaller Petrol Stations Fighting for Survival Wholesale prices of petrol and diesel will continue to rise on Friday. For petrol, this means a gross increase of... 2022.02.04.
Price Cap in Grocery Stores Comes into Effect Starting today, Tuesday, people will pay the same amount as on October 15, 2021, for granulated sugar, wheat flour, sunflower... 2022.02.01.
Finance Minister: Fitch Sees Successful Relaunch of Hungary’s Economy The relaunch of Hungary's economy has gone successfully in the assessment of Fitch Ratings, which recently confirmed Hungary's credit rating,... 2022.01.29.
