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.
Finance Minister: Forint “Victim of Brussels Sanctions” Hungary's currency has become a victim of Brussels's sanctions, which have caused substantial damage to the Hungarian economy, Finance Minister... 2022.03.07.
Opposition Blames PM Orbán for 400 Forint Euro As we have previously reported, the forint reached and then crossed the 400 euro mark. The Hungarian opposition reacted immediately... 2022.03.07.
Hungary’s Forint Sinks to New Historic Low The forint hit another historic low against major currencies in the interbank market on Monday morning. The Hungarian currency reached... 2022.03.07.
Despite National Bank’s Deposit Rate Hike, Hungary’s Forint Once Again Falls to Historic Low Despite delivering its biggest rate hike since 2008 on Thursday, the decision of Hungary's central bank was unable to keep... 2022.03.04.
National Bank Raises Deposit Rate to Halt Freefall of Hungary’s Forint The National Bank of Hungary (NBH) raised the rate for its one-week deposit facility by 75 bp to 5.35% ahead... 2022.03.03.
Despite Central Bank’s Promise of Intervention, Hungary’s Forint Continues Nose-Dive After Hungary's currency plunged to a record low against the euro on Monday, and then Tuesday, the freefall of the... 2022.03.02.
