Hungarian economy

12/11/2024

Forint’s freefall: The dollar and euro take a toll on Hungary’s economy

With the forint now at a two-year low against the dollar, touching 385.88 forints per dollar, questions arise about the future of Hungary’s currency. #dollar #usd #euro #eur #forint #huf #currency #money #economy
11/11/2024

Only once in 22 years has the October general government deficit been bigger than now

In October, the central sub-system of the general government accumulated a deficit of almost 1 billion euros, the second highest deficit in the last 10 months in decades:
11/11/2024

How PM Orbán’s tax treaty plans could benefit Hungarian expats in the U.S.

🇭🇺🇺🇸 The new tax treaty could thus ease the financial burden for Hungarians living in the United States, which could benefit foreigners with investments and income abroad ⤵️
10/11/2024

Bad news came from the Hungarian economy again: industry in trouble

Output of Hungary's industrial sector fell 7.2pc in September, a first reading of data released by the KSH shows. Will the Hungarian economy, industry be put on a growing path again? #hungarianindustry #hungarianeconomy #ksh
10/11/2024

Forint strengthened, but the EUR/HUF exchange rate may exceed 500 in 2025

After Donald Trump's victory the Hungarian forint started to fall and reached even 412/EUR, which was a 2-year maximum. Now, the exchange rate is better but experts believe the rate can rise above 500 in 2025. #hungarianforint #forint #hungarianeconomy #donaldtrump
09/11/2024

Hungarian government: ‘peace budget’ ready after Trump’s victory, parliament to discuss it on Monday

The Fiscal Council said the budget was credible and feasible. PM Orbán called it 'peace budget' because he believes Trump can bring peace to Ukraine which will help the Hungarian economy flourish again. #hungariangovernment #hungarybudget #annualbudget #money
09/11/2024

Thousands of families in crisis before Christmas: biggest Hungarian steel works cannot pay

Workers of Dunaferr in great trouble before Christmas - here is what the government says. #hungariangovernment #dunaferr #steelworks #dunaujvaros
08/11/2024

Good news: Hungarian OTP Bank earnings much higher than expected while MOL struggles

OTP Bank, Hungary's biggest commercial lender, booked consolidated after-tax profit of HUF 318.5bn in the third quarter, climbing 8pc from the base period after adjustments. #otpbank #mol
08/11/2024

PHOTOS: Chinese mini library inaugurated, China very proud on Szeged BYD plant

EV maker BYD's plant under construction in Szeged (SE Hungary) is a model for cultivating ties between China and Hungary, Gong Tao, China's ambassador to Hungary, said. #china #byd #carmanufacturing
07/11/2024

Hungary’s property market set for 2025 boom – Expert tips on the best places to invest

Real estate experts discussed future trends concerning the Hungarian property market at the Portfolio Investment Day conference. They all expect a boom. #realestate #propertymarket #hungarianproperty
07/11/2024

Vodafone disappears from Hungary in 2025: here’s the new name

4iG will rebrand the commercial telecommunications services of its units #VodafoneMagyarország, #DIGI, #AntennaHungaria and #Invitech.
07/11/2024

65 brand-new Mercedes-Benz Citaro buses come to Budapest

Budapest public transport company BKV will take delivery of 65 new Mercedes-Benz Citaro K buses in the second half of 2025, Gergely Karácsony, the capital's mayor, said. #budapest #newbuses #budapestbuses #budapesttravel
06/11/2024

Good news: MOL extracts more oil in Hungary than previously hoped for

Hungary's MOL has boosted daily production at a field in Vecsés, on the outskirts of the capital, by 600 barrels of oil with the addition of a third well. #mol #hungaryoil #budapest #vecses
06/11/2024

Trump’s victory threatens forint with collapse, Orbán cabinet happy and congratulates

The Hungarian forint is at a 2-year low against the American dollar following Donald Trump's decisive victory. All regional currencies are struggling becuse the strong dollar. Will the forint collapse while the Hungarian government is celebrating Trump's victory? #viktororban #donaldtrump #hungarianforint
06/11/2024

Budapest’s real estate might be on the verge of a renaissance – Here’s what’s driving it!

Real estate in Budapest seems to be evolving to meet modern needs with a focus on community and environmental sustainability. Check out our article to find out what this could mean for the Budapest housing market!
06/11/2024

Varga: Compromise on VAT in the digital age among successes of Hungarian EU presidency

A compromise reached on a package of legislation on VAT in the digital age is one of the “great successes” of Hungary’s presidency of the Council […]
05/11/2024

Surprisingly, Hungarians are not only going to the West to work

Austria remains the most popular destination for cross-border commuters; however, two neighbouring countries are moving up the list. #Austria #workers #labour #employment
05/11/2024

Varga discusses Europe’s competitiveness challenges in Brussels

Macroeconomic Dialogue at the Political Level (#MEDPOL) in Brussels #eu
04/11/2024

Surprising new trends that will revive the Hungarian housing market in 2025

The housing market is on the brink of a powerful comeback! What’s driving this unexpected shift and what it means for home buyers and renters? Check out our article for more details!
04/11/2024

Sixth lowest monthly PMI in Hungary since 1995

PMI in Hungary: this data also shows that the Orbán cabinet is in increasing economic trouble