Average Gross Wage in Hungary HUF 497.000 in August In August, average gross earnings of full-time employees were HUF 497,200 (EUR 1207), or HUF 507,000 (EUR 1231) excluding public... 2022.10.25.
Euro-zone Shoppers the Only Winners in the Brussels-Budapest Dispute Hungary used to protect its markets from shopping-tourism during the days of communism by introducing strict border-controls both South and... 2022.10.14.
Hungarian Forint Strengthens after Central Bank Base Rate Hike Hungarian rate-setters raised the central bank's base rate by 200 basis points, to 9.75 percent, at an extraordinary meeting on... 2022.07.13.
Government Adopts EC’s Position Regarding Transfer of EU Recovery Funds The foundations of the Hungarian economy are "stable and strong" despite "difficulties reflected by the markets or the forint rate,"... 2022.07.08.
Hungarian National Bank to Raise Base Rate Next Week, Forint Strengthened on Thursday The rapid convergence of the base rate and the one-week deposit rate will be on the agenda at the next... 2022.07.08.
Hungary’s National Currency Weakens to Historic Low The forint plunged to a new historic low against major currencies on Wednesday, trading past 416 versus the euro. Meanwhile,... 2022.07.07.
Forint Plunges as PM Orbán Turns to Windfall Taxes against Banks, Large Companies The forint plunged sharply after Viktor Orbán's Wednesday announcement regarding the government's plan to introduce windfall taxes on banks and... 2022.05.26.
Hungary Records Exceptional Q1 GDP Growth but Storm Clouds Already Gathering Hungary's GDP grew by an annual 8.2% in the first quarter of the year, more than most would have expected,... 2022.05.17.
Shopping Tourism in Hungary Booming due to Weak Forint and Low Fuel Prices News site rtl.hu has put together a detailed compilation on the topic of "shopping tourism" in Hungary. Of course, this... 2022.05.12.
DK Calls on Govt, Cbank to ‘Take Responsibility for Rising Food Price’ At a time when basic necessities are luxuries for some Hungarians, the government has to take responsibility for the rise... 2022.05.11.
Rule of Law Mechanism: Hungarian Stock Market Plunges, Forint Weakens As we reported earlier, the European Commission announced on Tuesday that it is launching the rule of law procedure against... 2022.04.06.
Orbán’s Election Victory Significantly Raises Share Prices of Fidesz-linked Companies Following Sunday's general election in which Fidesz won a fourth successive supermajority, the forint started a slight strengthening against the... 2022.04.04.
The Greatest Economic Challenges of the Fifth Orbán Government Now that Viktor Orbán’s Fidesz-KDNP alliance has been elected for the fourth time in a row, the question arises of... 2022.04.04.
Forint Strenghtens As Hungary’s Central Bank Significantly Raises Base Rate Hungarian rate-setters raised the central bank base rate by 100 bp to 4.40 percent at a monthly policy meeting on... 2022.03.23.
Forint Continues to Strengthen after Historical Low The forint seems to be recovering from its historic low of 400 forints in the first week of March. The... 2022.03.16.
Márki-Zay: Choose Europe, Freedom and Growth Instead of East, Slavery and Deprivation In his speech on 15 March, Péter Márki-Zay, the opposition's candidate for prime minister, promised a Hungary that is committed... 2022.03.15.
Press Roundup: Weeklies on the War in Ukraine Two pro-government outlets devote their weekly editorials to the selfless assistance Hungarians are offering to Ukrainian refugees, while their opposition-leaning... 2022.03.14.
PM Candidate Márki-Zay Presents Opposition Alliance’s Election Program Hungary has a chance to "find its way back" to civic values and Europe at the April 3rd election; the... 2022.03.10.
Forint Recovers after Central Bank’s Intervention The National Bank of Hungary decided to raise the upper band of its interest rate corridor on Tuesday which had... 2022.03.09.
Opposition: Forint Weakening Caused by Govt Economic Policies The recent weakening of the forint has resulted from the government's "ill-advised, unconvincing economic policy", representatives of opposition parties said... 2022.03.09.
Why is the Devaluation of Hungary’s Forint Highest in CEE Region? Following Russia's invasion of Ukraine, Hungary's currency began its freefall- so much so that on Monday, there was a point... 2022.03.08.
