Central Bank Head Matolcsy: Monetary Tightening to Continue in 2022 The cycle of interest rate raises started in June will continue in 2022, as long as it is necessary to... 2021.12.27.
Banking Association Does Not Support Mortgage Rate Freeze The Hungarian Banking Association on Thursday said it does not support a temporary government freeze of mortgage loan interest rates.... 2021.12.24.
Finance Ministry Announces HUF 755 bn Expenditure Cut for 2022 Budget On Wednesday, the Ministry of Finance announced that Hungary’s lower-than-planned deficit target of the 2022 budget will be guaranteed by... 2021.12.23.
Mortgage Freeze: Households May Save HUF 11,000 for 6 Months The interest rates on retail mortgages will be frozen at their October 27 levels, according to PM Viktor Orbán's Wednesday... 2021.12.23.
State Audit Office: State Debt Ratio Target “Achievable” The state debt ratio targeted for this year is achievable based on the data available by November so the debt... 2021.12.23.
House Rents Up 13% Since January At the national level, rents in the rental housing market increased by 1.1 percent in November compared to October, and... 2021.12.23.
Hotel in Mátrafüred Is “Accommodation of the Year” Hotel Avar in the resort town of Mátrafüred in northern Hungary has won the title of "Accommodation of the Year"... 2021.12.22.
Products of Double Quality: High Fines From May 2022 Onwards International companies, which sell their products in Hungary with lower quality, can expect a fine in the amount of even... 2021.12.22.
Housing Prices in Budapest More and More Expensive Since 2013, the prices per square meter of new apartments in Budapest have doubled, so that they are already higher... 2021.12.21.
Christmas: Hungarian Families Buy Average of 1 kg of Szaloncukor Annually On average, Hungarians buy a total of 3,500 tons of szaloncukor (parlor candy) annually, worth more than HUF 7 billion... 2021.12.21.
Paks Upgrade on Track, Rosatom Says The project of building two new blocks to the Paks nuclear power plant is being implemented as planned so that... 2021.12.21.
Most Grocery Stores Close Earlier Than Expected on December 24 Although the law allows stores to be open until 2 p.m. on December 24, stores in the largest grocery chains... 2021.12.20.
Central Bank: Food Price Rate of Increase May Double in 2022 In 2022, inflation will be much higher, while economic growth will be lower than previously expected, the National Bank of... 2021.12.20.
Supply Bottlenecks and Price Increases during Christmas Season As a result of the lack of supply from Asia and slower international maritime transport, one can expect supply bottlenecks... 2021.12.17.
FinMin Expects 5% GDP Growth, 4.9% Budget Deficit in 2022 The finance ministry is calculating with a GDP growth over 5 percent next year, making it possible to reduce the... 2021.12.17.
Kopint-Tárki Lowers 2021 GDP Forecast to 6.1% Economic research firm Kopint-Tárki has lowered its forecast for 2021 GDP growth to 6.1 percent from 6.8 percent in a... 2021.12.16.
Pécs City Council Votes to Sell Majority Stake in Local Pogány Airport to State The local council of Pécs decided in an unanimous vote on Tuesday to sell its majority stake to the state... 2021.12.16.
Hungary Issues Green Panda Bond Hungary has become the first country in the world to successfully issue a green "panda" bond - targeted at the... 2021.12.15.
Construction Sector Output Growth at 14.5% in Oct Output of Hungary's construction sector rose by an annual 14.5 percent in October, the Central Statistical Office (KSH) said on... 2021.12.15.
Central Bank Lifts Inflation Forecast for 2021, Lowers GDP Growth Estimate The National Bank of Hungary (MNB) raised its forecast for inflation for this year to 5.1 percent and lowered its... 2021.12.15.
Hungary Central Bank Hikes Base Rate by 30 Base Points Hungarian central bank rate-setters hiked the base rate by 30 basis points to 2.40 pc at a regular policy meeting... 2021.12.15.
