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.
Central Bank of Hungary Attends Bank of China Conference The National Bank of Hungary (MNB) was represented by Deputy Governor Mihály Patai at the Belt and Road Initiative and... 2023.06.08.
Inflation Has Visibly Declined on Monthly Basis Inflation has declined "visibly" on a monthly basis for the first time since November 2020, Minister of Economic Development Márton... 2023.06.08.
Hungary Ready to Adopt the Euro in 2030 The Hungarian National Bank has a clear and firm position: we are obliged to adopt the euro, which will be... 2023.06.05.
Banking System Resilient, but Profits Expected to Fall The Hungarian banking system has entered the current complex and challenging period with a stable, strong capital position and substantial... 2023.05.26.
According to Central Bank Governor, Normalization of Interest Rates Is Underway The Monetary Council of the Central Bank (MNB) started normalizing monetary policy on Tuesday, György Matolcsy said, after the Monetary... 2023.05.24.
EU Funds: What We Get and What We Do Not Ministers are going to Brussels, Commissioners are coming to Budapest, statements are being made, sometimes optimistic, sometimes stern, but we... 2023.05.16.
Positive Forecasts for the Hungarian Economy The European Commission expects Hungarian inflation to fall to 4 percent next year, and the European Bank for Reconstruction and... 2023.05.16.
MBH: Second Largest Player in Hungarian Banking Starts Operations In the history of banking integration, triple mergers are quite rare. Even the merger of two large banks could pose... 2023.05.12.
“Beach Inflation:” 40 Percent Increase in Ticket Prices After repeated and gradual price increases, beach tickets for the high season will be 40 percent more expensive on average... 2023.05.09.
Inflation to Accelerate Its Decline in Coming Months Inflation in Hungary may have eased for the third consecutive month, according to analysts interviewed by news site Világgazdaság (VG), saying... 2023.05.09.
Hungarian Bank Classified as “International War Sponsor” Ukraine's National Anti-Corruption Agency (NAZK) has placed Hungary's OTP Bank Group on its list of "international war sponsors" for its... 2023.05.05.
Hungary Can Meet Conditions for Adopting Euro President of the Fiscal Council Árpád Kovács said on Thursday at the 53rd meeting of delegates of the Fejér County... 2023.05.05.
