Hungarian Budget Closes September with a Surplus The protracted war between Russia and Ukraine and the sanctions policy in Brussels have led to an unfavorable global economic... 2023.10.10.
The Central Bank Aims for a Sustainable Reduction in Inflation According to the Hungarian Central Bank, it is in the interest of the national economy to achieve a sustained reduction... 2023.10.04.
Targeted Measures Lead to a Significant Increase for Government Bonds The more than 7,000 billion forints (EUR 18.2 billion) of uncommitted funds in household accounts could represent a huge revenue... 2023.08.24.
Number of Employees Rapidly Increasing in Fintech Sector The growth of the fintech sector is unbroken: in 2021, there were 175 such active companies operating in Hungary. Digitalization... 2023.08.10.
Hungarian Expert Appointed to European Banking Authority Board of Supervisors The European Banking Authority has elected Csaba Kandrács, Deputy Governor of the Central Bank of Hungary, as a new member... 2023.08.01.
Economy to Return to Growth This Year, Says Finance Minister Although the outlook for Europe is not favorable at the moment due to the prolonged war and sanctions, the Hungarian... 2023.07.21.
American Economist Appointed to EU Resigns After Political Backlash Fiona Scott Morton of the US was recently appointed as the European Commission's chief competition economist. Petra Halkó, senior analyst... 2023.07.19.
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.
Happy Borrowers: Further Interest-Rate Cuts on the Horizon After the Hungarian Central Bank cut its one-day deposit rate by 100 basis points (1%) to 17% in May, it... 2023.06.13.
Survey Shows Men Have Higher Financial Awareness Than Women The results of a non-representative survey by insurance company Allianz show that half of the Hungarian population consider themselves confident... 2023.05.04.
Japanese Credit Rating Agency Recommends Hungary for Investment Despite the dangerous international environment, Japan's R&I credit rating agency has affirmed Hungary's BBB+ rating, the Finance Minister announced on... 2023.05.02.
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.
Mergers and Acquisitions Market Expands to 10-year High in 2022 2022 was the most active corporate transaction period of the past 12 years in Hungary in terms of number and... 2023.04.04.
Hungarian Banking System Is Strong, Says Finance Minister The Finance Minister spoke in Cluj-Napoca (Kolozsvár, Romania) on the state and future of the Hungarian economy and banking system.... 2023.03.16.
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.
Hungarian Real Wages Fall the Least Among Visegrad Countries Real wages in the Czech Republic will fall by 8.3 percent this year due to high inflation. Of the four... 2022.11.21.
Hungarians Plan to Spend 100,000 Forints on Christmas On average, Hungarians plan to spend 100,000 forints (EUR 242) on Christmas spending this year, of which 47,500 forints (EUR... 2022.11.16.
International Recognition for the Hungarian Tax System The Hungarian tax system has received further international recognition, as Hungary has moved up to seventh place in the EY... 2022.11.11.
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.
Pension Increase and Bonus Coming to Hungarian Seniors After pension increases of five percent in January and 3.9 percent in July, the third increase for seniors in Hungary... 2022.11.03.
