money

12/12/2024

Happiness statistics: Hungary ranks among the least happy nations – Here’s why!

Hungary is facing a happiness crisis, with levels at an all-time low. Find out more about what makes Hungarian people happy and why they are the unhappiest nation in Europe!
11/12/2024

Hungary launches EUR 1 billion credit scheme to boost exports and foreign investments

The government on Wednesday announced the launch of a close to EUR 1 billion credit scheme to support exports and outward FDI.
07/12/2024

PM Orbán’s friend, the wealthiest Hungarian, LÅ‘rinc Mészáros, may buy top Austrian football club

Lőrinc Mészáros is the wealthiest Hungarian who gained his wealth from public procurements won under the prime ministership of Viktor Orbán. Now, he seems to be ready to invest in an Austrian football club. #austria #austriawien #investment #lorincmeszaros #viktororban #nkosijek #felcsutfc
07/12/2024

Fitch credit rating agency shares good news concerning Hungarian economy; will forint strengthen?

Fitch Ratings affirmed Hungary's investment-grade sovereign rating and revised the outlook to stable from negative on Friday, the National Economy Ministry said in a statement. Will the forint strengthen? #hungarianeconomy #fitch #creditrating
05/12/2024

Moody’s downgrades outlook for Hungarian banks

Moody's Ratings on Thursday took rating actions on four Hungarian banks. #bank #ratings #finance
05/12/2024

Hungarian Development Bank launches EUR 84 million EU-funded credit scheme for SME digitalisation

The credit is available at the MFB Pont Plusz network and designated branches of MBH Bank and Gránit Bank. #SME #credit #money
04/12/2024

Karácsony: New budget ensures Budapest pays no more than it receives

"We're not going to budget any excess tax payments that could be confiscated from the city," Karácsony said. #Budapest #budget #money
04/12/2024

Hungary has not received EU cohesion funds for 161 days

Hungary has been excluded from receiving EU cohesion funds since 26 June 2024. #cohesionfunds #EUfunds #money
02/12/2024

Hungarian forint at breaking point: Near-historic low against pound sparks concern

The forint has plummeted to a 2-year low against the British pound, with HUF 501.5 required to purchase a single GBP on Monday morning. This is just shy of the all-time record of HUF 502.9. #pound #forint #euro #money #economy #currency
01/12/2024

Hungarian Banking Association criticized Orbán cabinet’s tax increases

The Hungarian Banking Association expressed concern about the government measures increasing lenders' burdens in a statement. They said the measures and tax increases would decrease Hungary's competitiveness. #bankingassociation #bankszovetseg #bank #money
30/11/2024

Astonishing Szeged Christmas fair opened: it is much cheaper than Budapest – PHOTOS

Szeged Christmas fair is much cheaper than the Christmas fairs in Budapest and the "City of Sunshine" is just 2.5 hours away by train from Budapest. #budapest #christmas #szeged #christmasfair #money
28/11/2024

Hungarian government’s shocking new administrative fee proposal: Here is what to expect!

The Hungarian government is preparing to change the country's system of administrative fees by raising prices. Check out our article to find out what Hungary’s fee overhaul could mean for citizens and businesses alike!
28/11/2024

Hungarian government extends retail credit rate freeze by 6 months

Phasing out the measure was not yet justified in the current interest rate environment, the head of the Prime Minister's Office said. #creditrate #interest #economy #government
28/11/2024

Hungary’s income decline: 8 in 10 citizens fall behind European peers

While the wealthiest 3% of Hungarians have made notable gains, closing the income gap with their European peers, the majority—around 85%—have fallen further behind. #income #wage #salary #money #Europe
27/11/2024

Hungarian banking system declared stable and highly profitable in latest central bank report

The Hungarian banking system remains "stable" and "resilient to shocks", while bolstered by "outstandingly high profitability", Zita Fellner, a senior economist said. #banking #centralbank #money
27/11/2024

Forint hits new low against the euro as exchange rate surges past 413

On Wednesday afternoon, the Hungarian forint hit a new low, with the euro exchange rate surpassing 413 EUR/HUF. #forint #euro #money
26/11/2024

Raising the stakes: Hungary faces growing EU pressure for child protetcion law!

An unprecedented legal battle is brewing in Europe—Hungary vs. the EU. Check out our article for more details!
25/11/2024

Depreciation uncovered: Why has the Hungarian forint weakened so much in recent years?

The Hungarian forint has depreciated significantly in recent years, especially following Russia's invasion of Ukraine. Here are the main reasons why. #forint #money #currency #economy
25/11/2024

Dynamic wage growth expected in coming years in Hungary, Orbán cabinet believes

Wage growth in Hungary will be dynamic alongside the projected 3-4 percent inflation, secretary Sándor Czomba said. #wage #averagesalary #hungariangovernment
24/11/2024

Orbán cabinet announced considerable wage rise in this sector

The government will implement changes in the operation of law courts to increase their efficiency and "significantly" raise wage of staff members. #hungariangovernmnet #wage #court #judicialsystem