Tag: economy

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Will Hungary's 'Team Matolcsy' surprise us again?

November 20, 2017, 8:07 am
The central bank’s (MNB) policy meeting will undoubtedly be the most important event in Hungary this week, while some key business cycle indicators are in the pipeline abroad. The Monetary Council’s... 

EU could split in two - What would happen to Hungary then?

November 17, 2017, 4:22 pm
One of the main risks of 2018 could be rising tensions between Western and Eastern Europe, the main source of which are Hungary and Poland, Saxo Bank chief macroeconomic analyst Christopher Dembik told... 

Hungrian past gets spruced up - We haven't seen figures like since the crisis

November 17, 2017, 10:17 am
, general government net lending was equal to -1.9 per cent of Hungary’s GDP in the four quarters to 2017 Q3. Hungary’s general government consolidated gross debt at nominal value was 72.7%... 

Hungary gets unexpected warning from Moody's

November 17, 2017, 9:17 am
Although it has not made any decision on Hungary’s sovereign credit rating or rating outlook, Moody’s Investor Service has key messages in its annual credit analysis unexpectedly published... 

Hungary loses major dispute with Eurostat

November 17, 2017, 5:00 am
Portfolio has learned that a nearly four-year dispute between Hungary and Eurostat, the statistical office of the European Union, over the classification of Eximbank could be concluded next spring. The... 

Purchasing power in Hungary grows, poverty remains

November 16, 2017, 4:52 pm
The average purchasing power in Hungary grew by 10% in 2017, but this was enough only for the 30th spot in the European ranking, the latest study by think tank GfK showed on Thursday. In 2017, Europeans... 

Hungarians wary of inflation, stockpile premium gov't security

November 16, 2017, 1:47 pm
The stock of government securities held by Hungarians has risen by nearly 1,600 billion forints since January 2017. Households are particularly fond of the Premium Hungarian Government Security (PMÁP)... 

Hungary's ÁKK fails again to allot entire lot of 12-m bills

November 16, 2017, 12:00 pm
Just like two weeks ago, Hungary’s Government Debt Management Agency (ÁKK) has again failed to auction off the entire lot of its 12-month discount Treasury Bills today. Low demand was only one thing... 

You'll feel sorry for Hungarian cabbies if you see these two charts

November 16, 2017, 10:07 am
Taxi drivers in Budapest want a 10% fare hike, which would, in fact, make trips about 20% more expensive. They argue that they are about to go bust and could not keep up with the hordes of passengers earning... 

European Parliament ready for next step of 'nuclear option' against Poland

November 15, 2017, 4:01 pm
A plenary session of the European Parliament has on Wednesday adopted the more stringent of the two draft proposals submitted to discipline Poland. Saying that fundamental European values are at risk in... 

Budapest cabbies want 10% fare hike - It would be closer to 20% in fact

November 15, 2017, 12:37 pm
Budapest cabbies are planning to hike fares markedly as of January 2018. By now they have managed to convince even the Budapest Chamber of Commerce and Industry (BKIK) to back them up, and it is no up... 

Hungary Mol raises motor fuel prices again

November 15, 2017, 8:19 am
Hungarian fuels group Mol has raised the wholesale list price of 95-octane gasoline by HUF 3 per litre and the price of diesel by 4 forint per litre as of Wednesday. The hike has taken the average price... 

INSTANT VIEW - Hungary's GDP grows 0.8% q/q in July-September

November 14, 2017, 5:03 pm
Hungary’s economic output grew by 0.8% quarter on quarter and 3.8% year on year, according to data adjusted seasonally and for working days. Here’s what analysts think about the data and their... 

Romania puts even China to shame, as its GDP soars

November 14, 2017, 4:38 pm
Regardless of Hungary’s nice economic growth in the third quarter, the country has once again missed the Top 3 in the European Union. The reason is exceedingly simple: Hungary’s rivals have... 

Hungary's Orbán pats fuel price magician tax chief on the back

November 14, 2017, 2:01 pm
“Congratulations!," Hungary’s Prime Minister Viktor Orbán commented to commercial broadcaster atv.hu when he was asked in Parliament about the chief of tax authority NAV arranging lower fuel... 

Hungarian Parliament passes tax reduction

November 14, 2017, 12:09 pm
Hungarian lawmakers have passed legislation on the reduction of the social contribution tax with 155 ‘yes’ and 27 ‘no’ votes on Tuesday,. Under the amended law, the social contribution... 

Hungary ÁKK easily sells HUF 45 bn worth of short bills

November 14, 2017, 11:49 am
Hungary’s Government Debt Management Agency (ÁKK) allotted 45 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday, HUF 5 bn more than it originally intended... 

European growth rises to highest level in over six years

November 14, 2017, 11:30 am
Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat... 

This is how you micromanage in the Hungarian economy

November 14, 2017, 11:13 am
Let’s pretend you’re not only head of the country’s tax authority, but also a state secretary in charge of tax issues. What do you do when the people of the town you were mayor of for... 

Hungary's economic growth picks up in the third quarter

November 14, 2017, 9:00 am
Hungary’s gross domestic product grew by 0.8% in the third quarter of 2017 compared to April-June, the Central Statistical Office (KSH) reported on Tuesday. Economic growth was 3.8%, according to... 
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