Defence Research Facility to Be Built in Zalaegerszeg Hungary's Defence Innovation Research Institute will set up one of its bases in Zalaegerszeg, in south-western Hungary, the innovation and... 2022.03.05.
Tenders for Renewal of Nyugati and Its Surroundings Being Assessed The second-round assessment of bids in the tender to renew of Nyugati Railway Station and its surroundings is about to... 2022.03.05.
Despite National Bank’s Deposit Rate Hike, Hungary’s Forint Once Again Falls to Historic Low Despite delivering its biggest rate hike since 2008 on Thursday, the decision of Hungary's central bank was unable to keep... 2022.03.04.
Hungary’s Largest Hotel Open to Refugees A hotel at the Eastern Railway Station in Budapest, Danubius Hotel Hungaria, which had been closed for months, is now... 2022.03.04.
Fuel Price Cap: MOL Introduces Quantity Restrictions The demand for fuel from gas stations has risen to record levels, so the Hungarian oil company MOL has introduced... 2022.03.04.
National Bank Raises Deposit Rate to Halt Freefall of Hungary’s Forint The National Bank of Hungary (NBH) raised the rate for its one-week deposit facility by 75 bp to 5.35% ahead... 2022.03.03.
Compensation Payments Begin as Hungarian Subsidiary of Russia’s Sberbank Closes Sberbank, Russia's largest lender, announced on Wednesday that it was leaving almost all European markets. Prior to the decision, the... 2022.03.03.
Hungary Trade Balance Shows Deficit for Sixth Month in a Row Hungary's trade balance showed a deficit for the sixth month in a row in December, a second reading of data... 2022.03.03.
Retail Sales Growth Slows to 4.5% in January Retail sales in Hungary rose by an annual 4.5 percent in January, slowing from 6.7 percent in the previous month,... 2022.03.03.
Hungarian Economy Expands 7.1% in 2021, KSH Confirms Hungary's GDP grew by an annual 7.1 percent in the fourth quarter, bringing full-year growth to 7.1 percent, too, the... 2022.03.03.
Despite Central Bank’s Promise of Intervention, Hungary’s Forint Continues Nose-Dive After Hungary's currency plunged to a record low against the euro on Monday, and then Tuesday, the freefall of the... 2022.03.02.
Central Bank Withdraws Sberbank Hungary Licence, Orders Lender Wound Up The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its... 2022.03.02.
Central Bank Will Intervene to Ensure Stability of Financial Markets “if Necessary” The National Bank of Hungary (NBH) will use all elements of its toolkit to intervene to ensure the stability of... 2022.03.02.
Wizz Air Offers 100,000 Free Tickets to Ukrainian Refugees Low-fare Hungarian carrier Wizz Air is offering Ukrainian refugees 100,000 free seats on flights in continental Europe departing from Hungary,... 2022.03.02.
Airbnb and Other Hungarian Hostels Help Refugees from Ukraine Not only Airbnb, but also Hungarian accommodation providers and even private individuals have responded to the Ukrainian refugee wave. Airbnb... 2022.03.02.
Ukrainian War: Hungary Gas Supplies Uninterrupted Gas supplies to Hungary are uninterrupted, with cross-border pipelines forwarding the usual quantities in both directions, national energy and utility... 2022.03.01.
Gov’t Caps Petrol and Diesel Price for Wholesalers The government is capping the wholesale price of petrol and diesel at 480 forints (EUR 1.3) a liter as of... 2022.03.01.
Forint Value Plummets After Russia Invades Ukraine On Tuesday, the forint reached a historic low of HUF 379.70 to the Euro. The Hungarian forint already reached a... 2022.03.01.
Central Bank Caps Client Withdrawals at Sberbank Hungary The National Bank of Hungary (NBH) on Tuesday said it is limiting the amount of repayable funds by Sberbank Magyarorszag... 2022.03.01.
Russian Sberbank’s Local Unit Holds Bank Holiday amid Fear of Bankruptcy The European Central Bank (ECB) has assessed that the European subsidiary of Russia's state-owned Sberbank is facing bankruptcy. Sberbank Europe... 2022.02.28.
Ukraine Crisis: Wizz Air Suspends Russia Flights Hungary's Wizz Air has temporarily suspended flights to and from Russia because airspace over Ukraine and Moldova has been closed,... 2022.02.27.
