As War between Russia and Ukraine Rages On, Orbán Govt’s Low Utility Prices Seem Unsustainable Low, state-regulated energy prices have been a recurring promise and a main campaign message of Viktor Orbán and his party... 2022.03.09.
Number of Ultra-wealthy Hungarians Rose by Almost 10% in Coronavirus-hit 2021 Coronavirus apparently didn't hit hard on the world's super-rich. The number of ultra-high net worth individuals, those with assets of... 2022.03.09.
Hungarian Tourism to Also Suffer Consequences of Russia’s War on Ukraine Budapest and several Hungarian spa towns, including Hévíz and Lake Balaton, will suffer a lack of Russian tourists, according to... 2022.03.08.
Budapest Airport Helps Refugees with Rescue Flights and Donations In response to the wave of refugees, Budapest Airport contacted the embassies operating in Hungary, relevant ministries, authorities, and aid... 2022.03.08.
Grain Export from Hungary Banned Hungary banned all grain exports effective immediately due to the price increases caused by the Russian war against Ukraine. Agriculture... 2022.03.07.
OTP Bank CEO: “I know Putin, but I dare not predict the outcome of the war” Sándor Csányi, CEO of OTP Bank, spoke about Russian President Vladimir Putin, the Russian-Ukrainian war, and the outlook for OTP... 2022.03.07.
Hungary’s Forint Sinks to New Historic Low The forint hit another historic low against major currencies in the interbank market on Monday morning. The Hungarian currency reached... 2022.03.07.
Industrial Output Up 8.9% in January Output of Hungary's industrial sector rose by an annual 8.9 percent in January, the fastest rate since summer, the Central... 2022.03.05.
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.
