Domestic Interest Rates to Fall in Line with US and European Central Bank Trends The Hungarian National Bank (MNB) may follow the US and European central banks in cutting interest rates after the summer... 2024.09.18.
IMF Expects Hungary to Lead EU Growth and Supports Its Policies Building of the Ministry of Finance in Budapest The IMF (International Monetary Found) expects Hungary’s economy to lead EU growth... 2024.09.13.
Patriots for Europe Demand EU Budget Reform The Patriots for Europe (PfE) Group, backed by the Fidesz-KDNP Group in the European Parliament, has called for substantial changes... 2024.09.13.
Hungary a Leading Destination for Chinese Investment Shanghai skyline Hungary’s Minister for National Economy, Márton Nagy, recently met with the heads of the Bank of China and... 2024.09.04.
New In-store Payment Option to Offer Retailers Cheaper Digital Solution An important new feature is coming to life in Hungarian mobile banks: from September 1, all bank customers will be... 2024.09.02.
Unchanged Base Rate Strengthens the Forint Against Other Currencies Building of the Hungarian National Bank The forint strengthened against major currencies after the Monetary Council of the Hungarian National... 2024.08.28.
Bank Rate Changes Affect Loan Terms and Property Prices for Average-Income Buyers A recent press release by money.hu reveals significant changes in bank interest rate discounts linked to income credits during the... 2024.08.13.
OTP Bank’s Profit Exceeds Expectations In the second quarter of this year, Budapest-based OTP Bank achieved a consolidated adjusted profit after tax of HUF 267.930... 2024.08.09.
July Budgetary Surplus Marks Significant Improvement in Public Finances The Government is enhancing public finances despite external challenges, showing notable progress in budget management and fiscal balance. According to... 2024.08.09.
MOL Group Reports Robust Q2 Financial Results Amid Market Pressures MOL Group reported a strong financial performance in the second quarter of the year, with adjusted EBITDA reaching USD 825M,... 2024.08.09.
Inflation Remains Steady in July, Economic Outlook is Positive In July 2024, the inflation was 4.1 percent annually, matching market expectations and remaining low, according to the Hungarian Central... 2024.08.08.
Telekom Reports Record Revenue Surge and Profit Growth for Q2 2024 Magyar Telekom reported a significant surge in revenues and profits for the second quarter of 2024. Net profit after tax... 2024.08.08.
Pharmaceutical Company Gedeon Richter Reports Robust First Half of 2024 In the first half of 2024, Gedeon Richter reported consolidated revenue of HUF 419.69B (EUR 1.05B), a 1.5 percent increase... 2024.08.06.
Young People’s Personal Income Hits Record High Young people's personal income reached a record high in the second quarter, with the monthly net amount surpassing HUF 200,000... 2024.08.05.
Budapest Stock Exchange Hits Record Turnover in July The Budapest Stock Exchange's (BÉT) leading index, the BUX, closed at a record high of 74,051 points in July, marking... 2024.08.02.
Hungarians Are Becoming more Financially Aware, Survey Finds The financial situation of Hungarians has improved compared to the previous year in several respects: the number of those who... 2024.07.24.
Hungarian Students Excel in Financial Literacy In the PISA 2022 Financial Literacy Framework, Hungarian students performed exceptionally well, with 81.7% demonstrating financial skills at or above... 2024.07.23.
Finance Minister: Our EU Presidency’s Goal is Enhancing Competitiveness Hungary's six-month presidency of the Council of the European Union aims to enhance the EU's competitiveness, crucial as Europe faces... 2024.07.17.
Survey Shows Rising Optimism and Investment in SMEs The National Association of Entrepreneurs and Employers (VOSZ) reported no tension in the labor market of domestic enterprises, with no... 2024.07.17.
Hungary Edges Closer to Meeting 2024 Budget Deficit Target The transparency of budgetary policy has markedly declined since the onset of the pandemic. This is evident from the absence... 2024.07.15.
Hungary Could Face Third Excessive Deficit Procedure in Ten Years The European Commission has decided that an excessive deficit procedure is warranted for Hungary and six other EU member states,... 2024.07.11.
