Economic Development Minister Signs Cooperation Agreement with ICBC Márton Nagy (R) and Liao Lin, CEO of ICBC (L) sign the cooperation agreement between the Ministry of Economic Development... 2023.10.19.
Further Fruitful Cooperation with Japanese Financial Giant on the Horizon We have had fruitful talks with the management of Sumitomo Mitsui Banking Corporation (SMBC), Finance Minister Mihály Varga announced on... 2023.09.01.
Economy Minister Meets President of the World’s Largest Bank Minister of Economic Development Márton Nagy held a meeting with Liao Lin, President and Executive Director of the Industrial and... 2023.07.11.
Credit Cards Are Popular, but Many Are Unaware of Their Advantages In Hungary, more than a quarter of the adult population already has a credit card, and another four percent plan... 2023.06.16.
It is Demeaning to the European Spirit to Adopt Other Countries’ Foreign Policies The United States is our friend and an important ally, but we will not allow it to "squeeze" Hungary into... 2023.04.14.
Hungary Withdraws from International Investment Bank Hungary is withdrawing from the International Investment Bank (IIB), the Ministry of Economic Development announced in a statement on Thursday. In... 2023.04.14.
Costs of Personal Loans Peaking Interest rates on personal loans rose steadily last year, with the average annual interest rate calculated by the Central Bank... 2023.03.02.
On the Way to Recovery as Interest Rates Begin to Decrease In February, several major banks started to cut their lending rates, with some having lowered interest rates on home and... 2023.02.03.
Leading Hungarian Bank Expands into Uzbekistan OTP Bank is to acquire the Uzbek Ipoteka Bank; the contract for the acquisition was signed by the two parties... 2022.12.13.
Hungarians’ Appetite for Loans is On the Decline Hungarians took out significantly fewer loans in September than a year earlier. The biggest drop was in applications for home... 2022.11.04.
Hungarian Real Estate Prices Rose the Steepest in the EU There are soaring real estate prices in Hungary, according to the data of the Central Statistics Office (KSH). In the... 2022.08.08.
Hungarian Bankholding Achieved a Profit of More than EUR 174 Million Last Year Hungarian Bankholding achieved a profit before tax of HUF 69.5 billion (EUR 174 million) last year, while its total comprehensive... 2022.06.28.
Forint Reaches Another Negative Record at 369.59 against Euro The forint continues to nosedive yet again this week, breaking another historic record: on Wednesday early afternoon the currency dropped... 2020.04.01.
Coronavirus Makes Forint Break Negative Record Again In the wake of the new coronavirus outbreak in Hungary and after a slight strengthening, the forint has been plummeting... 2020.03.18.
Banks to Catalogue Client Fees in Coordinated Effort to Boost Transparency Hungarian banks will provide their clients with a detailed list of service fees they have been charged by the end... 2020.01.13.
Hungarian State Acquires General Electric’s Budapest Bank For $700M The state-owned investment firm Corvinus has concluded the deal to buy 100% of Budapest Bank by transferring the 700 million... 2015.06.30.
