PM Orbán: Gov’t to Freeze Retail Mortgage Interest Rates Hungary's government is freezing retail mortgage interest rates for a six-month period from January, Prime Minister Viktor Orbán announced on... 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.
Press Roundup: Government Makes 350 Billion Forint Budget Readjustment A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other... 2021.12.21.
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.
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.
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.
Police Hold House Searches in City Hall Case, Budapest Mayor Speaks of Fidesz’s ‘Russian Methods’ The police conducted searches at the homes of Budapest deputy mayor Ambrus Kiss, and the Chief Notary and Budapest Capital... 2021.12.14.
Gov’t Postpones Decision on Budapest Airport Purchase Pointing to the economic situation and world financial trends, the Hungarian government appears to have postponed the decision on the... 2021.12.14.
Central Bank Head Matolcsy: Budapest Should Be Divided Governor and head of the Central Bank, György Matolcsy, wrote an article titled "What could be the solution to the... 2021.12.14.
V4-Macron Meeting: Agreement on Need to Protect EU’s External Borders The Visegrad Group (V4) leaders held "exhaustive talks" with French President Emmanuel Macron, Prime Minister Viktor Orbán said after the... 2021.12.14.
Family Minister: Pensions to Rise 5% Because of Higher-than-expected Inflation Pensions will rise by 5 percent next year, thus avoiding a retroactive change to match higher-than-expected inflation, the minister for... 2021.12.13.
Press Roundup: Dispute Over Hungary’s Economic Outlook A left-wing commentator fears that the government’s spending policies will further fuel already rampant inflation. A pro-government analyst quotes two... 2021.12.11.
Central Bank Chief: Gov’t Should Not Buy Back Budapest Airport Bad timing, inflated price, new trends emerging in the world economy, and a need to reduce Budapest's overhead within Hungary,... 2021.12.09.
Analysts: Curbing Inflation Will Take a Long Time Analysts told state new agency MTI that inflation may have reached its peak in November with a 14-year record high... 2021.12.08.
Hungary’s Inflation in November Highest in 14 Years Consumer prices in Hungary grew by an annual 7.4 percent in November, after hitting 6.5 percent in October, the Central... 2021.12.08.
Teacher’s Unions Announce Strike after “Unacceptable” Pay Raise Offer by Gov’t While talks are still ongoing, the government has already announced an increase in teacher's salaries by 10% next year through... 2021.12.06.
Fidesz Vows to Stop ‘LGBTQ Lobby’ at Referendum, Opposition Says it’s Only Campaign Tool The Parliament's Fidesz-KDNP majority voted to hold a referendum concerning the child protection law. According to the joint opposition's PM... 2021.12.03.
OECD Forecasts Hungary’s Growth Slowing to 5 % in 2022 The OECD projects Hungary's economic growth slowing to 5 percent in 2022 from 6.9 pc this year. Also, inflation would... 2021.12.01.
Hungary Gross Wages Grow Above 9 % in September Hungarian gross wages grew by an annual 9.1 percent in September, up from 8.9 percent in the previous month, the... 2021.11.30.
Finance Minister: Growth to Exceed 5% in 2022 Hungary's economy was one of the fastest to recover from the fallout of the coronavirus pandemic, with its output surpassing... 2021.11.29.
Why Does the Exchange Rate of Hungarian Forint Keep Slipping? In recent days, the forint has repeatedly set negative records against the euro, inching further and further towards the long-feared... 2021.11.25.
