money

02/10/2024

Apple charges Hungarian users again without warning as payment issue resurfaces

This technical issue has impacted cardholders in about 20 countries. #apple #payment #money
02/10/2024

BREAKING: Euro/forint exchange surpasses 400

The EUR/HUF exchange rate is dangerously close to 400. #euro #forint #currency #exchange
01/10/2024

Orbán cabinet admits to using misleading tactics to secure EU funds

In a podcast, former Hungarian President Áder János and Agriculture Minister István Nagy revealed Hungary’s tactics for securing EU funds for climate adaptation. #EUfunding #agriculture #water #money
30/09/2024

Wizz Air expands payment options and adjusts plans for Saudi expansion

A pack of both good and bad news from the Hungarian low-cost airline. #WizzAir #travel #tourism #airline
28/09/2024

European loan to fund Hungary’s ambitious railway modernisation efforts

Ambitious plans: railway construction, the purchase of decommissioned Western trains, the overhaul of several stations, and the replacement of MÁV’s leadership. #MÁV #train #railway #loan
26/09/2024

2nd biggest Hungarian bank cooperates with Bank of China, inflation falls in Hungary

MBH Bank, Hungary's second-biggest commercial lender, and Bank of China Limited Hungary Branch have signed a memorandum of understanding. #mbhbank #bank #bankofchina #china #mbh
24/09/2024

Morgan Stanley predicts euro could reach 410 forints amid worsening economic outlook

Morgan Stanley has forecasted a difficult period ahead for Hungary's currency, suggesting the euro-to-forint exchange rate could rise as high as HUF 410. #forint #euro #MorganStanley #money #economy
23/09/2024

Major cuts announced in Orbán’s 130-point austerity plan

In a significant financial shift, the Orbán government has decided to scrap or drastically reduce funding for a wide range of projects. #Budapest #austerity #MÁV #Orbán #OperaHouse #ChainBridge
22/09/2024

Hungarian government to reshape minimum wage: Major changes by 2027

Negotiations are ongoing regarding next year’s minimum wage and the guaranteed wage minimum in Hungary. #minimumwage #wage #money
20/09/2024

Putin’s minister comes to Budapest, does Hungary want to borrow money from Central Asian states?

Putin's minister responsible for healthcare issues will meet with Foreign Minister Péter Szijjártó today. Is it a good idea to negotiate with Russia? #russia #visit #budapest #healthcare #viktororban
14/09/2024

VSquare: Hungary acts as middleman for China’s EUR 500 million loan to Orbán’s Balkan allies

In July, Hungary announced a EUR 500 million loan to North Macedonia. According to VSquare, this deal may be linked to the EUR 1 billion loan the Orbán government secured from China earlier in 2024. #China #Balkans #loan #money
14/09/2024

Temporary relief: inflation in Hungary eased in August

In August, Hungary saw an easing in inflation; however, this decrease may only be temporary.
13/09/2024

Hungarian motorway vignette prices increase from 2025!

You will have to pay more for the Hungarian motorways from 2025! #hungarianmotorway #motorwayvignette #travel
12/09/2024

Is Revolut opening a branch in Hungary?

National Economy Minister Márton Nagy met with executives of Revolut Bank. #economy #bank #Revolut #MNB
11/09/2024

Long-awaited moment: Liberty makes payroll at Dunaújváros steelworks

Indian-owned steelworks Liberty Dunaújváros has paid over 3,000 employees their wages for August, on time, plus a one-off HUF 150,000 bonus, the National Economy Ministry said on Tuesday. #Dunaferr #steelworks #economyministry
11/09/2024

Finance Ministry: Hungarian government respects pensioners

Hungary's government respects pensioners and is standing by its pledge to raise pensions, even in wartime, the Finance Ministry said. #government #pensioners #retirement
10/09/2024

Unveiled: How Hungary plans to spend the Chinese loan funds

Here are the first reports on how Hungary plans to spend its huge, EUR 1 billion Chinese loan. #China #loan #money
08/09/2024

33 million in EU funds used to renovate 8 castles now set for free privatisation in Hungary

The core of the "castle law" is that the state is offering certain castles, manor houses, and estates for privatisation, many of which were recently renovated using billions of EU and state funds. #castle #privatisation #EUfunds #money
06/09/2024

Hungary in trouble? Orbán cabinet issues samurai bonds

Hungary issued JPY 39.6bn of samurai bonds denominated in Japanese yen. #samuraibonds #economy #orbangovernment
06/09/2024

Hungarian minister travelled to Beijing for more Chinese loans? – UPDATE: pact signed

Márton Nagy is Beijing to convince the Chinese to support Hungarian developments. In July, the Orbán cabinet took out a EUR 1 billion loan. #orbancabinet #china #infastructure #development #money #loan