Business

03/01/2024

MOL CEO warns about possible 70-80% price surge in Hungary’s fuel market

"No significant price reductions are likely" said Zsolt Hernádi.
02/01/2024

Hungarian forint starts 2024 with weakening + prognosis

Analysts expect a weaker forint this year compared to last year. #forint #euro #dollar #currency #economy
01/01/2024

New Ministry of Economy is powerful, and has immediately identified the priority sectors

Orbán's government tries to make up for economic mistakes with a new ministry
01/01/2024

Official: Hungarian government’s financial calculations failed in 2023

Why did the budget fail? #budget #GDP #deficit #finance
31/12/2023

Will Hungary introduce the euro in 2024? Here is what Bloomberg says

Leaders of the European Union praised the euro in an article - will Hungary introduce it next year? #government #euro #EU #EuropeanUnion #money
30/12/2023

Hungarian companies need sustainable, renewable and alternative energy sources

Most Hungarian companies see an increasing need for sustainable, renewable and alternative energy sources amid the current challenging economic environment #energy #economy #survey #KandHbank
29/12/2023

Hungarian MOL’s fuel price increase in January happens in unexpected way

Here is the long-expected announcement of the Hungarian gas and oil giant, MOL, concerning the January price rise. #MOL #fuel #price #money #VAT #tax #gasoline #diesel
28/12/2023

BREAKING: Hungary gets EUR 779.5 million in EU funding

This could help the construction industry and the Hungarian economy in general, and will even have an impact on the Hungarian forint. #HUF #EUfunding #Hungarianeconomy
28/12/2023

Competition Office head points to impact of profit-driven inflation on headline CPI

Looking ahead, Csaba Balázs RIgó said GVH would launch in January an analysis of the impact of artificial intelligence on competition and consumer practices. #GVH #inflation #Hungarianeconomy
26/12/2023

Legal procedure may launch against Hungary next summer

The final version of the reform deal of the Stability and Growth Pact (SGP) has been completed, entailing tough consequences for Hungary. #EuropeanUnion #economy #money #deficit
25/12/2023

Unexpected turn: Hungary no longer has the highest inflation in the EU

Is Hungary out of the woods yet? #inflation #EU #statistics
24/12/2023

Record rental and real estate prices in Hungary in 2023

Here are the most extreme rental and real estate prices! #Budapest #rent #realestate #housing
22/12/2023

Hungary’s budget in serious trouble: EUR 2.62 billion missing

Hungary's budget is in serious trouble even though the government cut back development expenditures due to the lack of EU money. #budget #economy #crisis #government
22/12/2023

Historic investment announced: Chinese electric carmaker comes to Hungary

Chinese electric car maker #BYD will build its first plant in Europe at #Szeged, in southern Hungary, FM Szijjártó said #China #investment #government
21/12/2023

Hungary’s Economic Resurgence: A Spotlight on Growth

Hungary, nestled in the heart of Europe, is experiencing a notable economic resurgence, positioning itself as an attractive destination for businesses seeking growth and stability.
20/12/2023

One of Hungary’s most popular restaurant chains is also closed for Christmas

As previously reported, numerous shops will be closed for Christmas. Grocery chains Penny, Lidl, and Spar will remain closed, alongside Deichmann, JYSK, Diego, and Rossmann. #restaurant #Christmas
19/12/2023

Hungary cbank cuts base rate by 75 bp

International investors' appetite for risk has improved since the last monthly policy meeting, while an agreement on the release of some of Hungary's EU funding has improved the country's risk assessment and its external financing capacity, Barnabás Virág said. #Hungarianeconomy #bank #inflation #NBH
19/12/2023

Unexpected turn: Hungary may not get the money from the European Commission

In summary, the money is available to Hungary for now, but it can be frozen by the EC at any time. #Hungariangovernment #EuropeanCommission #EUfund
19/12/2023

Hungarian budget working group holds inaugural meeting

"The goal is clear: the strict defence of the budget balance and the further reduction of deficit and public debt levels," Mihály Varga added. #Hungarianeconomy #budget
19/12/2023

Hungarian and Turkish Ministers for Industry, Technology meet in Budapest

Márton Nagy, Hungary's economic development minister, met Mehmet Fatih Kacir, Türkiye's new industry and technology minister, and Omer Bolat, the trade minister