It Is Too Early to Talk about Joining the Euro Zone, Says Finance Minister Speaking at the Tranzit Festival in Tihany on Saturday, during a discussion on the consequences of giving up the national... 2023.08.28.
OTP Bank Could Be Removed from Ukrainian Blacklist For months now, OTP Bank has been on the list of international companies supporting the war in Ukraine, compiled by... 2023.08.23.
Budapest Stocks Break Record as Rest of the World Plunges The Hungarian and US stock markets are in a rare stand-off, with August so far a particularly good month in... 2023.08.21.
Hungarian Telekom Delivers Better than Expected Results Hungarian Telekom's management has raised its annual profit target in view of the company's second quarter results, which have exceeded... 2023.08.10.
OTP Bank’s Romanian Branches Still Looking for a Buyer The turmoil surrounding the sale of OTP Bank Romania continues unabated. At the same time, interest in the takeover of... 2023.08.04.
Falling Government Deficit and Rising GDP for the Economy in 2024 The government expects most of the country's economic indicators to be favorable next year, and the cabinet has based the... 2023.08.03.
What If the Government Had Stopped Paying Its EU Contributions? There is no substantive legal solution for Member States to assert budgetary claims against the European Union, Bernadett Petri, a... 2023.08.02.
Hungarian Expert Appointed to European Banking Authority Board of Supervisors The European Banking Authority has elected Csaba Kandrács, Deputy Governor of the Central Bank of Hungary, as a new member... 2023.08.01.
The Market Should Determine the Exchange Rate The most important task for Hungary is to bring inflation down to single digits, restore economic growth, and put it... 2023.07.26.
Budapest Students Win International Business Competition The winning team Trois Cent Soixante Croissants and their teacher. For the first time, a Hungarian team has won the... 2023.07.25.
Domestic FinTech Sector Continues to Expand An increasing range of banking products are available digitally, and the digital maturity of banks is continuously improving, Anikó Szombati,... 2023.07.25.
Foreign Investments Could Save Growth during Credit Crunch Although the Central Bank of Hungary has started easing in lending in recent months, we are still far from seeing... 2023.07.20.
MBH Bank Acquires Duna Takarék Bank Zrt. MBH Bank will acquire a 98.46 percent stake in Duna Takarék Bank from Danube Private Equity Fund. The financial institution reported... 2023.07.18.
Impressive Salary Growth Despite Inflation The average gross salary in a national industry in Hungary has exceeded HUF 1 million (EUR 2,681) for two consecutive... 2023.07.17.
Government Delegation at World’s Second Largest Bank Minister of Economic Development, Márton Nagy, visited the Fintech Center of China Construction Bank in Beijing and held a meeting... 2023.07.10.
Standard & Poor’s Is Confident in Hungarian Economy Standard & Poor's has reaffirmed its 'BBB-' rating for Hungary and continues to recommend Hungary for investment with an unchanged... 2023.07.10.
Survey: Majority of Hungarians Support the Introduction of Euro Hungarians are open to the introduction of euro, but the overwhelming majority say the country is not yet ready to... 2023.07.05.
French Nationalists Moving Their Money from Czech-Russian Bank to Hungary National Rally's Jordan Bardella (L) and Marine Le Pen French National Rally party leader Jordan Bardella wants to liquidate the... 2023.07.05.
The Year of the Forint The forint has continued to strengthen in the second quarter of 2023. In the first half of the year the... 2023.07.03.
Fitch Affirms Its Investment Grade Rating on Hungary Fitch Ratings has affirmed Hungary's long-term foreign-currency issuer default rating. The international rating agency said it expects the Hungarian economy to... 2023.06.26.
Happy Borrowers: Further Interest-Rate Cuts on the Horizon After the Hungarian Central Bank cut its one-day deposit rate by 100 basis points (1%) to 17% in May, it... 2023.06.13.
