Productivity Gaps Highlight Growth Potential Main building of the Hungarian National Bank in Budapest. Productivity indicators remain below the EU average, presenting a key growth... 2024.12.05.
Moody’s Withdraws Oil Company MOL’s Ratings Moody's Ratings withdrew its 'Baa3' long-term issuer rating on MOL on Tuesday. The international credit rating agency justified the decision... 2024.12.04.
Eximbank Returns to the International Capital Market Eximbank has issued an international bond worth EUR 500 million, Hungary's official export credit agency announced on Wednesday. The day... 2024.11.28.
New Wage Deal Paves Way for Growth and Record Investments Hungary has set ambitious goals for 2025, aiming for over 3% economic growth and a historic wage increase under a... 2024.11.26.
Viktor Orbán: World Economy’s Center Shifts East with Growth Outpacing the West President of the National Bank György Matolcsy (R) and PM Viktor Orbán At the Budapest Eurasia Forum organized by the... 2024.11.22.
Three-Year Deal: Minimum Wage Increases Outlined by 2027 A three-year wage agreement has been reached between the government and the forum representing employers, and reflecting the government's expectations.... 2024.11.22.
Hungary Advances Tax Competitiveness with New Measures for 2025 Hungary's tax system is progressing towards greater competitiveness, with further reductions in the tax burden planned for 2025, Finance Minister... 2024.11.20.
Regional Stock Exchanges Unite with EBRD to Boost Capital Markets Seven Central European stock exchanges and the European Bank for Reconstruction and Development (EBRD) have signed an agreement in Bratislava... 2024.11.19.
2025 to Be the Year of Investments Finance Minister Mihály Varga gave an interview to Kossuth Radio on Sunday, presenting the state's 2025 budget. He said that... 2024.11.18.
Adoption of the 2025 EU Budget a Success for the Hungarian Presidency Péter Benő Banai, Secretary of State for Public Finance of the Ministry of Finance, Victor Negrescu, Chief Negotiator on the... 2024.11.18.
EU Budget Must Focus on Competitiveness, Curb Excessive Spending Péter Benő Banai, Secretary of State for Public Finance, emphasized the importance of competitiveness in the EU's 2025 budget during... 2024.11.15.
Wage Growth Signals 2025 a Financially Brighter Year Hungary’s economy is currently navigating between inflation control, labor market challenges, and efforts to boost wage growth. After enduring a... 2024.11.15.
Richter Sees Robust Sales Fueled by Pharma Revenue Gedeon Richter’s headquarters in Budapest. Consolidated sales of Gedeon Richter amounted to HUF 636.4 billion (EUR 1.5 billion) in the... 2024.11.13.
2025 Budget: Focus on Economic Growth and Fiscal Discipline Finance Minister Mihály Varga (L) hands over the 2025 draft budget to János Latorcai, Vice President of the National Assembly.... 2024.11.12.
Credit Agency Affirms Investment-Grade Rating, Proving Economic Resilience The Berlin-based Scope Ratings has confirmed Hungary's investment-grade rating with a stable outlook, the Finance Minister said on his Facebook... 2024.11.11.
OTP Bank’s Q3 Profit Surges Beyond Expectations OTP Bank reported a significant third-quarter performance, with consolidated adjusted profit after tax reaching HUF 318.514B (EUR 826M), an 8%... 2024.11.08.
S&P Reaffirms Ratings in Hungary’s Economic Resilience and Growth Potential Standard and Poor's has confirmed that it continues to recommend Hungary for investment, with the three major rating agencies all... 2024.10.28.
Central Bank Makes Decision on Interest Rates The Hungarian Central Bank (MNB) will not continue its easing, as the monetary council kept the base interest rate at... 2024.10.22.
Economy Is on the Road to Consolidation, Says Finance Minister The Hungarian economy is on the road to consolidation and economic growth, said the Finance Minister at Wednesday's meeting of... 2024.10.10.
Continuous Growth in Consumption for Eight Consecutive Months August retail sales in Hungary showed significant growth, with a 4.1% increase month-on-month and 0.8% year-on-year, raising hopes for a... 2024.10.08.
Cofidis Credit Provider Acquires Hungarian Cetelem Bank The financial services provider Cofidis Group announced the successful completion of the acquisition of Magyar Cetelem Bank, the Hungarian subsidiary... 2024.10.01.