Low Utility Tariffs May Cost HUF 2,000 Billion in 2022 Budget Amid the growing prices in the world market, the government's decision to artificially keep utility costs low may cost some... 2022.01.20.
State to Acquire 51% Stake in Debrecen Airport Operator Hungary's state is acquiring a 51 percent stake in the company operating Debrecen International Airport, in eastern Hungary, a foreign... 2022.01.19.
Hungarians Took Out 40% More Mortgages Last Year Financial institutions granted more than a total of HUF 1,300 billion (EUR 3.65 bn) in housing loans in 2021, 40... 2022.01.19.
Government Reserves Reach Alarming Low after Huge Year-end Spending Stocks of government deposits at the Central Bank fell significantly once again in December, with reserves dropping to just HUF... 2022.01.19.
More Bird Flu Culling Under Way Bird flu has been detected at a duck farm in Csengerújfalu, near the Hungarian-Romanian border in north-eastern Hungary, where the... 2022.01.19.
Central Bank Renews Call on Revolut to Set Up Hungarian Unit Revolut Bank should conduct its activities in Hungary as a subsidiary, with a local HQ and capitalisation, the Hungarian central... 2022.01.19.
IKEA Also Hikes Prices in Hungary Due to disrupted supply chains, higher transport costs, and higher prices for wood, metal, and foam, price increases in IKEA... 2022.01.18.
Cellulose Maker Dunacell Invests HUF 7 bn in Capacity Expansion Hungarian cellulose maker Dunacell is investing 7 billion forints (EUR 19.6m) to expand production capacity at its base in Dunaújváros,... 2022.01.18.
Central Bank Head Matolcsy: Tackling Inflation ‘Top Priority’ Inflation is central banks' greatest foe, and tackling it is a vital step towards creating monetary sustainability, György Matolcsy, the... 2022.01.18.
Farm Gate Prices Up 27% in November Farm gate prices in Hungary rose 27.2 percent in November from the same month a year earlier, data released by... 2022.01.17.
Inflation: Following High December Data, Analysts’ 2022 Predictions Range between 5-5.7 Percent Hungary's high inflation data for December has seemingly surprised analysts. They said that inflation grew on the back of the... 2022.01.15.
Wizz Air to Launch Flights between Budapest, Chisinau Hungarian low-cost airline Wizz Air from March will operate flights twice a week between Budapest and Chisinau, the Moldavian capital,... 2022.01.14.
Construction Sector Output Up 12.3 pc in November The output of Hungary's construction sector rose by an annual 12.3 percent in November, the Central Statistical Office (KSH) said... 2022.01.14.
Hungary’s Inflation at 14-Year Record for Second Month in a Row Hungarian annual inflation was 7.4 percent in December, the Central Statistical Office (KSH) said on Friday. Higher cigarette and vehicle... 2022.01.14.
Who Will Benefit from Govt’s Recently Announced Food Price Cap? The Orbán government has decided to cap the price of some key food products, including milk, flour, cooking oils, and... 2022.01.13.
Price Cap Has Had No Major Impact on Fuel Consumption The official maximum price for gasoline and diesel introduced on November 15, 2021, has not significantly boosted fuel consumption. The... 2022.01.13.
MOL Acquires Lotos Petrol Stations in Poland Hungarian oil and gas company MOL on Wednesday said it signed agreements with PKN Orlen and Grupa Lotos on the... 2022.01.13.
Hungary’s Budget Deficit Exceeds HUF 5,000 Billion for 2021 Hungary's cash flow-based budget deficit, excluding local councils, reached 5,101.5 billion forints (EUR 14.2bn) at the end of December, Hungarian... 2022.01.12.
World Bank Forecasts 5% Hungary Growth in 2022 Hungary's economy is forecast to grow by 5 percent this year, according to the World Bank, which raised its June... 2022.01.12.
Highest Loss of Workforce in Trade and Healthcare Sectors Although employment in Hungary is at a record high, it is precisely those occupations where there are already shortages from... 2022.01.12.
Aldi and Lidl Prices 12-15% Higher Than One Year Ago At the moment, customers have to pay 14.9% more in Aldi and 12.5% more in Lidl than one year ago,... 2022.01.12.
