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.
DK’s Dobrev Pledges Recalculation of Forex Loans The opposition Democratic Coalition (DK), if it forms Hungary's next government, will have retail loans denominated in foreign currencies recalculated,... 2021.09.21.
CJEU Rules Hungary Law on FX Loans Complies with EU Directive The Court of Justice of the European Union (CJEU) on Thursday ruled that Hungarian legislation that prohibits the annulment of... 2021.09.02.
Hungarian Press Roundup: Economic Recovery Plans Provoke Controversy A pro-government commentator accuses the left-liberal opposition of using the pandemic emergency to sow chaos and destruction. A left-wing columnist,... 2020.04.28.
DK Slams Gov’t for ‘Indebting’ Country The opposition Democratic Coalition has called on the government not to drive the country to indebtedness through a planned forex... 2020.04.24.
Socialists Want New Laws on Forex Loans The opposition Socialist Party (MSZP) demands new laws on forex loans held by Hungarian borrowers in light of a recent ruling... 2019.10.31.
PMO Head on Forint’s Historic Low: Govt Has No Targeted Exchange Rate The Orbán government had no target for the exchange rate and the independence of the central bank would be respected,... 2019.09.12.
Socialists, DK Call on Top Court to Re-examine Issue of Forex Loans The opposition Socialists (MSZP) and Democratic Coalition (DK) together with civil groups have urged the supreme court, the Kúria, to... 2019.07.11.
Opposition Call on Courts to Suspend Forex Loan-related Procedures Civil groups and the opposition Socialist (MSZP), Párbeszéd and Democratic Coalition (DK) parties have called on the courts to suspend... 2019.07.02.
Central Bank Proposes New Solution for Forex Debtors There are still about 90,000 families in Hungary, threatened by eviction, unable to repay their debt from forex loans. The... 2019.06.28.
Opposition: Fidesz Not Care About Housing Crisis, Evicted Families An extraordinary session of parliament convened for Friday by the opposition parties to discuss ways to help troubled forex debtors... 2019.05.17.
Opposition Proposes Special Parlt Session to Address Housing Crisis Parties of the opposition and independent MPs have called an extraordinary session of parliament for next Tuesday to address "an... 2019.05.09.
LMP Urges ‘National Unity’ to Help Forex Debtors The opposition LMP party has called on all parliamentary parties to support an initiative aimed at renegotiating forex loans. MP... 2019.04.23.
Socialists-Párbeszéd Slam Justice Minister for “Siding with Banks” A law firm associated with Justice Minister László Trócsányi represents banks in law suits initiated by troubled forex debtors, leaders... 2019.04.04.
LMP Calls for a Review of FX Loans in Light of Europe’s Top Court Rulings The opposition LMP party has called for a review of forex loan contracts and a recalculation of debts held by... 2019.03.19.
Forex Loan Contracts with Unfair Exchange Rate Risks can be Cancelled Retroactively, says CJEU Europe's top court said in a ruling on Thursday that Hungarian laws should allow the cancellation of FX loan contracts... 2019.03.14.
Socialists-Párbeszéd Calls on Govt to Pull out from EBRD Agreement on FX Loans The opposition Socialist-Párbeszéd party alliance on Thursday called on the government to pull out from an agreement signed with the... 2019.01.11.
Parlt Approves Law Allowing Former Home Owners to Buy back Properties Parliament on Wednesday approved legislation that allows tenants residing in homes owned by the National Asset Management Agency (NET) to... 2018.12.12.
DK Calls on Govt to End Home Evictions The leftist opposition Democratic Coalition (DK) has called on the government to suspend home evictions with immediate effect, saying that... 2018.10.01.
Forex Borrowers: Kuria to Assess CJEU ruling Hungary's Kuria (supreme court) is assessing Thursday's ruling of the European Union's Court of Justice (CJEU) affecting forex borrowers, the... 2018.09.21.
Hungarian Central Bank Sets Aside €1,1 Billion To Phase Out Car And Personal Forex Loans Hungary’s central bank (MNB) is setting aside 1.1 billion euros in foreign currency for banks involved in converting retail vehicle and personal... 2015.06.10.
