Forint Continues Downfall, Weakening to Yet Another Historic Low After breaking an all-time low on Monday, the Hungarian currency continued its downfall on Tuesday, reaching a new historic low... 2021.11.23.
Finance Minister on High Inflation: Fiscal Policy’s Effect “Only Mild” Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild... 2021.11.23.
Hungary’s October Budget Deficit Hits New Record High Hungary’s cash-flow deficit reached HUF 630 billion in October 2021, which is the highest monthly deficit on record in October. The... 2021.11.19.
Base Rate Raised by 30 Basis Points by Hungary’s Central Bank Hungary rate-setters at a regular policy meeting on Tuesday raised the base rate by 30 basis points to 2.10 percent... 2021.11.16.
Central Bank Head Urges Rethink on Deficit Spending to Restore Balance The way in which Hungary narrows the gap with more advanced economies requires a rethink so that not only is... 2021.11.15.
Press Roundup: Inflation Soars, Government Caps Fuel Prices A left-wing commentator accuses the government of trying to mitigate inflation caused, in part, by its own policies. His right-wing... 2021.11.13.
EC Raises Hungary 2021 GDP Growth Forecast to 7.4 pc The European Commission raised its projection for GDP growth in Hungary this year to 7.4 percent in an autumn forecast... 2021.11.11.
Gov’t to Cap Fuel Prices at HUF 480 The government has decided to maximise the prices of petrol and diesel at 480 forints (EUR 1.3) per liter from... 2021.11.11.
DK Calls for Parliamentary Cttee Hearing Over High Inflation The opposition Democratic Coalition (DK) has proposed summoning parliament's budget committee to hear the finance minister concerning the latest inflation... 2021.11.10.
Hungary Inflation 6.5% in October Consumer prices in Hungary rose by an annual 6.5 percent in October, up from 5.5 percent in the previous month,... 2021.11.09.
Governor Matolcsy: Central Bank Crisis Management Successful The National Bank of Hungary (NBH) handled the 2020 crisis successfully, and kept inflation at 3.3 percent, close to target,... 2021.11.08.
Finance Ministry Lowers 2021 GDP Forecast to 6.8% The finance ministry has lowered its projection for GDP growth this year to 6.8 percent against the backdrop of higher... 2021.11.04.
Hungarians to Spend More on Christmas Presents This Year Compared to last year, Hungarians are planning to spend 25 percent more money on gifts. According to a recent study,... 2021.11.04.
Gov’t Accuses Opposition PM Candidate of Planning to Abolish Reduced Utility Prices The government and the pro-government media lashed out at Péter Márki Zay, claiming that the united opposition’s candidate for prime... 2021.11.03.
Hungary Wages Grow 8.9% in August Wage growth in Hungary quickened to an annual 8.9 percent in August from 7.9 percent in the previous month, the... 2021.10.29.
Jobless Rate 4% in September Hungary's jobless rate was 4.0 percent in September, unchanged from the previous month, data released by the Central Statistical Office... 2021.10.29.
Prices Expected to be 20-30 Percent Higher Over the Christmas Season In many popular product categories, one can expect higher prices and less deals this holiday season, but the public's desire... 2021.10.27.
IMF Expects Hungarian Economy to Grow at Third Fastest Rate in the EU This Year The Hungarian economy is expected to grow at the third fastest rate in the European Union this year, the International... 2021.10.21.
Hungary Central Bank Raises Base Rate to 1.80% Hungarian rate-setters raised the central bank's base rate by 15 basis points to 1.80 percent at a scheduled meeting on... 2021.10.19.
Finance Minister Projects 7% GDP Growth for 2021 Thanks to the high inoculation rate, the fourth wave of the coronavirus pandemic is expected to be relatively weak in... 2021.10.19.
Socialists Demand Cut to VAT on Food The Socialists on Wednesday called on the government to cut VAT on basic foodstuffs to 5 percent and of other... 2021.10.13.
