Outgoing President of the Fiscal Council Describes 2023 as a Weak Year Adjusting this year's deficit target to 5.2 percent was inevitable, and it is possible that the budget deficit will end... 2023.12.28.
Hungarian Economy Forecasts Growth in 2024 In a recent statement, László Parragh, President of the Hungarian Chamber of Commerce and Industry (MKIK), expressed optimism about the... 2023.12.27.
BYD, World’s Top Electric Car Manufacturer to Build European Factory in Szeged "China's BYD, the world's largest electric car manufacturer (by volume), is to build its first European factory in Szeged. This... 2023.12.22.
Over HUF 30 Million in Support of Innovation Projects under a Grant Scheme The National Research, Development, and Innovation Office (NKFIH) has successfully closed the call for proposals entitled Support for Innovation Projects... 2023.12.22.
Economist Gábor Horváth Named Fiscal Council President for Six-Year Term Economist and risk management expert, Gábor Horváth was appointed as President of the Fiscal Council with a mandate from January... 2023.12.13.
Online Invoicing System Aligns with the Objective of Whitening the Economy One and a half million people have already registered for the NAV's (National Tax and Customs Administration) online invoicing system,... 2023.12.11.
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.
