IKEA Also Hikes Prices in Hungary Due to disrupted supply chains, higher transport costs, and higher prices for wood, metal, and foam, price increases in IKEA... 2022.01.18.
Fidesz Blasts Opposition ‘Attacks’ on Govt’s Anti-Inflation Measures Ruling Fidesz on Monday hit back at what it called "hypocritical attacks" by Hungary's left-wing opposition on the government's anti-inflation... 2022.01.18.
Central Bank Head Matolcsy: Tackling Inflation ‘Top Priority’ Inflation is central banks' greatest foe, and tackling it is a vital step towards creating monetary sustainability, György Matolcsy, the... 2022.01.18.
Decree on Food Price Cap Published with Interesting Details The government decree on the food price cap instituted by the Orbán government "in order to prevent the harmful effects... 2022.01.17.
Inflation: Following High December Data, Analysts’ 2022 Predictions Range between 5-5.7 Percent Hungary's high inflation data for December has seemingly surprised analysts. They said that inflation grew on the back of the... 2022.01.15.
Hungary’s Inflation at 14-Year Record for Second Month in a Row Hungarian annual inflation was 7.4 percent in December, the Central Statistical Office (KSH) said on Friday. Higher cigarette and vehicle... 2022.01.14.
PM Orbán “Prepared to Defend” Price Caps in Brussels In critical situations the main question was "to what extent is it good to interfere in the operation of the... 2022.01.14.
Who Will Benefit from Govt’s Recently Announced Food Price Cap? The Orbán government has decided to cap the price of some key food products, including milk, flour, cooking oils, and... 2022.01.13.
PM Orbán: Gov’t to Cap Food Prices The government has decided to put a cap on the prices of six food products effective February 1, Prime Minister... 2022.01.12.
Aldi and Lidl Prices 12-15% Higher Than One Year Ago At the moment, customers have to pay 14.9% more in Aldi and 12.5% more in Lidl than one year ago,... 2022.01.12.
Press Roundup: Former National Bank President Predicts Restrictions after Election György Surányi, who served as President of the National Bank under a socialist-liberal government in the 1990s, sees monetary and... 2022.01.08.
Hungarian Forint Manages to Stabilize after Inflationary Pressures The Hungarian Central Bank (MNB) successfully combatted the rising inflation level by raising interest rates, allowing the country's national currency,... 2022.01.07.
Press Roundup: Conflicting Takes on the State of the Hungarian Economy A left-wing commentator describes welfare measures introduced barely three months before the next parliamentary elections as a desperate attempt by... 2022.01.03.
Orbán Gov’t Promises Myriad of State Support, Massive Wage Hikes Ahead of 2022 Election As part of a spending spree ahead of the 2022 parliamentary elections, the Orbán-led government has announced a series of... 2022.01.02.
Central Bank Head Matolcsy: Monetary Tightening to Continue in 2022 The cycle of interest rate raises started in June will continue in 2022, as long as it is necessary to... 2021.12.27.
Press Roundup: Mortgage Interest Rates Capped The leading independent online business news outlet doubts that the government’s decision to freeze mortgage interest rates will help to... 2021.12.24.
Press Roundup: Government Makes 350 Billion Forint Budget Readjustment A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other... 2021.12.21.
Central Bank: Food Price Rate of Increase May Double in 2022 In 2022, inflation will be much higher, while economic growth will be lower than previously expected, the National Bank of... 2021.12.20.
Kopint-Tárki Lowers 2021 GDP Forecast to 6.1% Economic research firm Kopint-Tárki has lowered its forecast for 2021 GDP growth to 6.1 percent from 6.8 percent in a... 2021.12.16.
Central Bank Lifts Inflation Forecast for 2021, Lowers GDP Growth Estimate The National Bank of Hungary (MNB) raised its forecast for inflation for this year to 5.1 percent and lowered its... 2021.12.15.
Gov’t Postpones Decision on Budapest Airport Purchase Pointing to the economic situation and world financial trends, the Hungarian government appears to have postponed the decision on the... 2021.12.14.
