Monetary Council Cuts Base Interest Rate At their November meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to cut the base rate by... 2023.12.07.
Salaries Could Rise as Early as December: Minimum Wage to Increase by 15% An agreement was reached at Wednesday's meeting of the Permanent Consultative Forum between the industry and the government. The parties... 2023.11.17.
Economic Growth Could Reach 3-4 Percent in 2024 The outlook for the Hungarian economy is favorable, returning to dynamic growth next year, the Minister of Finance said at an... 2023.11.17.
Current Account Surplus Strengthens the Forint Exchange Rate The surplus of the goods balance increased in September compared with August, the surplus of the services balance remained around... 2023.11.16.
Central Bank’s Base Rate Cut Higher than Expected The Monetary Council of the Hungarian National Bank (MNB) cut the base rate by 75 basis points to 12.25 percent... 2023.10.25.
Central Bank Could Prepare for Cautious Cut in the Base Rate The Monetary Council of the Hungarian National Bank may cut the base rate for the first time in more than... 2023.10.24.
Forint Strengthens but Still More Vulnerable than Regional Currencies The Hungarian forint strengthened against the major currencies in international foreign exchange trading on Tuesday morning compared to the previous... 2023.10.24.
State Takeover of Budapest Airport Becoming More Certain The Ministry of Economic Development has taken the initiative to amend the aviation law. This makes it increasingly certain that... 2023.10.20.
Minister Confident of Reaching an Agreement on EU Funds This Week Minister for Regional Development Tibor Navracsics is confident that an agreement with the European Commission will be reached by the... 2023.10.18.
New Talks on EU Funding Could Start in Brussels This Week Two Hungarian ministers will travel to Brussels on Wednesday evening for talks with two EU commissioners, Johannes Hahn and Didier... 2023.10.17.
National Bank to Provide Millions of Euros to the IMF The Hungarian National Bank plans to contribute nearly EUR 14 million to the Poverty Reduction and Growth Trust of the... 2023.10.16.
The EU’s Will Be Owed an Astronomical 900bn by Member States The EU will be owed a record EUR 900bn by 2026, reported the Financial Times. The rapidly rising debt levels... 2023.10.13.
IMF Maintains Its Previous GDP Predictions IMF building at night. Photo: IMF/ Facebook. In its latest quarterly prognosis, the IMF maintains its previous forecast of 3%... 2023.10.11.
Hungarian Budget Closes September with a Surplus The protracted war between Russia and Ukraine and the sanctions policy in Brussels have led to an unfavorable global economic... 2023.10.10.
Wizz Air’s Shares Plummet Due to Israeli War European airlines are cancelling flights to Israel in the wake of the Palestinian-Israeli conflict that erupted at the end of... 2023.10.10.
Foreign Trade Figures Show Significant Improvement Compared to Last Year Hungary's external trade balance continues to improve, with the value of exports in euro terms 1.5 percent lower in August... 2023.10.10.
Fitch Ratings Forecasts Stable Economic Growth in Hungary Next Year Fitch projects that the Hungarian economy will grow steadily from next year, expecting it to help reduce the public debt... 2023.10.09.
The Government Will Continue Deficit and Debt Reduction Despite the protracted war and the energy crisis, the government will continue its deficit and debt reduction policy in the... 2023.10.05.
Government Open to New Agreement with the U.S. on Double Taxation The consequences of the U.S.' denunciation of the previous agreement are unfavorable for both countries, the Minister of Finance said... 2023.10.04.
The Central Bank Aims for a Sustainable Reduction in Inflation According to the Hungarian Central Bank, it is in the interest of the national economy to achieve a sustained reduction... 2023.10.04.
Negotiations Held on Transposition of EU Directive on Global Minimum Tax Minister of Finance Mihály Varga held talks with leaders of large Hungarian companies on the transposition of the EU directive... 2023.10.03.
