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.
Forint Weakening Led to Drastic Price Increase on Hungarian Car Market The weakening of the Hungarian forint (HUF) has led to unprecedented price increases on the Hungarian car market, even by... 2022.02.24.
Hungary Wage Growth Slows to 9.7% in December Annual wage growth in Hungary slowed to 9.7 percent in December from 10.1 percent in the previous month, the Central... 2022.02.23.
National Bank: Inflation in February Could Be Close to 8.5 percent Hungarian central bank rate-setters raised the base rate by 50 basis points to 3.40 percent at a regular policy meeting... 2022.02.23.
Huge Price Increases Predicted in Hungarian Restaurants Increasing labor shortage, rising wages, and increasing raw material and energy costs are leading to great difficulties for the hospitality... 2022.02.16.
Gov’t Extends Fuel Price Cap until May 15 As expected, the government has extended the cap on petrol and diesel prices at the pump until May 15. The... 2022.02.14.
Inflation Keeps on Growing: January Data Highest in 15 Years Consumer prices in Hungary rose by 7.9 percent year-on-year in January, climbing from 7.4 percent in the previous two months,... 2022.02.11.
Opposition Pledges to Curb Corruption, Inflation, Public Debt The joint opposition alliance has pledged to curb public debt, inflation and corruption if it comes to power after the... 2022.02.10.
Train Drivers’ Trade Union Announces Strike, Half of Long Distance Trains Could Suspend Operation Hungary’s largest trade union representing train drivers, announced last week that they will suspend work indefinitely at the beginning of... 2022.02.08.
Election 2022: Opposition Presents Plans for Economic Policy Parties of the united opposition presented their ideas concerning a possible introduction of the euro, taxes, inflation, job creation and... 2022.02.04.
Taxi Drivers Demonstrate for Fare Rise Around 200 taxi drivers drove their cars around Heroes' Square in Budapest on Wednesday, to draw attention to their demands... 2022.02.03.
Factory Gate Price Rise Accelerates to 22 % in December Factory gate prices in Hungary rose by an annual 22.3 percent in December, accelerating from a 21.6 percent increase in... 2022.01.31.
Food Price Cap: Stores Must Display Government Price Freeze Logo Starting February 1st, domestic stores will be required to display an informational sign on their entrances to inform customers of... 2022.01.31.
DK: Fidesz Lost Control over Growing Food Prices Ruling Fidesz is resorting to "sham measures" to conceal the fact that it has lost control over the weak forint... 2022.01.28.
Orbán: If Fidesz wins the April 3 general election, the gov’t will expand family support schemes If Fidesz wins the April 3 general election, the government will expand family support schemes and, depending on economic performance,... 2022.01.28.
Fidesz’ Presidential Candidate ‘Prepared for Action, Not Gestures’ "I am prepared to take action rather than gestures," Katalin Novák, the ruling parties' candidate for president said in an... 2022.01.27.
Central Bank Hikes Base Rate by 50 bps to 2.9 pc Hungarian central bank (NBH) rate-setters, at a regular policy meeting on Tuesday, hiked the base rate by 50 basis points... 2022.01.26.
Wage Growth Accelerates to 10.1% in November The rate of annual wage growth in Hungary picked up to 10.1 percent in November from 8.5 percent in the... 2022.01.25.
Central Bank Head Matolcsy Calls for Budget to be Brought Back to Balanced Path To curb inflation, the central budget should once again be put on a balanced course and the government must double... 2022.01.25.
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.
