Tag: economy

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Hungary debt manager easily sells short Treasury Bills

November 20, 2018, 12:30 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted 56 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 50 bn. The average... 

Hungarian PM Orbán congratulates new President of Brazil

November 20, 2018, 12:03 pm
Hungary’s Prime Minister Viktor Orbán conducted talks on Monday afternoon with Brazil’s elected president Jair Bolsonaro by telephone, Bertalan Havasi, the Deputy State Secretary heading the... 

These countries are the best at attracting talent

November 20, 2018, 10:12 am
Switzerland clinched the top spot for the fifth consecutive year on the World Talent Ranking report published by IMD Business School. The runners-up were Denmark and Norway. Canada is in only non-European... 

It's hard to fathom that Hungarians "invest" in these instruments

November 20, 2018, 9:02 am
Demand deposit accounts, cash and government securities are the favourite forms of savings of Hungarians, in that order, the central bank’s (MNB) preliminary financial accounts statistics show. Eight... 

Inflation is a risk Hungary's cenbank cannot overlook for much longer

November 19, 2018, 3:25 pm
Due to mounting inflationary pressure the National Bank of Hungary (MNB) could soon be forced to make a move, but it is not expected to change monetary policy conditions at its upcoming policy meeting... 

Hungarian tax authority cannot make up its mind about immigration tax

November 19, 2018, 1:05 pm
Hungary’s tax authority NAV has been straddling the fence for months about which non-governmental organisations it should collect a new tax from for “assisting immigration", local daily newspaper... 

Soros meets Austrian Chancellor to discuss CEU exit from Hungary

November 19, 2018, 10:32 am
Austrian Chancellor Sebastian Kurz received George Soros on Sunday evening. The main issue of their meeting was the moving of Central European University, founded by the Hungarian-born financier and philanthropist... 

Hungary's 2018 public debt target appears to be in the bag

November 19, 2018, 8:55 am
Hungary’s general government debt dropped to 72.8% of GDP in the third quarter from 73.8% in Q2 2018, the central bank (MNB) has announced in its preliminary financial accounts report on Monday.... 

Last chance for Hungary to get a nice gift this year

November 19, 2018, 6:00 am
The most important event for Hungary this week besides a policy meeting by the central bank (MNB) could be a sovereign rating review by Moody’s due on Friday. By the end of the week, we’ll... 

Huge demographic burden threatens Hungary

November 16, 2018, 6:00 pm
The working-age population of Europe is expected to shrink, the European Bank for Reconstruction and Development (EBRD) projects in its latest report, adding that the decline in Hungary could be over the... 

Hungary to prescribe overtime and obedience for public sector staff

November 16, 2018, 4:52 pm
Following a layoff spree in the public sector, Hungary is looking to legitimise overtime for government officials and tighten legislation and prescribe “an obligation of obedience" for them, local... 

House prices keep rising in Budapest despite expectations

November 16, 2018, 1:48 pm
In the first half of 2018, house prices in Hungary continued to rise, accompanied by strong demand and a dynamic, but healthy expansion in housing loans. At the end of the second quarter, house prices... 

New passenger car sales drop in EU - Hungary feels the pinch too

November 16, 2018, 12:05 pm
In October 2018, registrations of new passenger cars continued to decline across the European Union, mainly due to the introduction of new emission testing standards (WLTP). All the key markets fared poorly... 

Hungary FinMin announces launch of new retirement bond

November 16, 2018, 8:11 am
The initial plans are ready for the state to enter the pension market, said Hungary’s Finance Minister late on Thursday. Mihály Varga told broadcaster Echo TV that they intend to issue a retirement... 

The stakes are extremely high - The fate of Hungary hangs in the balance

November 15, 2018, 4:54 pm
Hungary needs reforms in the area of competitiveness so that it would not be stuck in the middle-income trap, this is how we could sum up the main message of what the central bank’s (MNB) Managing... 

Hungary's new competitiveness package delayed

November 15, 2018, 2:56 pm
There will be no competitiveness package by the end of this year yet, a state secretary at Hungary’s Finance Ministry said on Thursday. Balázs Rákossy said the Competitiveness Council is working... 

Orbán: Hungary needs to be in the Top5 EU member states by 2030

November 15, 2018, 11:38 am
By 2030 Hungary needs to belong to the five best countries of the European Union, where it is the best to live, reside and work, said Prime Minister Viktor Orbán in Budapest at the 8th plenary meeting... 

Hungary's growth is a minor miracle, but not unique in Europe

November 14, 2018, 5:22 pm
The Hungarian economy was in excellent shape in the third quarter of 2018, and the country finished in the top section of the European Union growth rankings. However, it could still not beat Poland, Latvia... 

Russia reacts to U.S. threat of putting the crimp into gas pipeline project

November 14, 2018, 4:20 pm
Alexey Miller, the CEO of Russian energy giant Gazprom involved in Nord Stream 2 gas pipeline project, vowed to finish the construction of the pipeline despite the U.S. efforts to derail the venture. ... 

Hungary FinMin cautiously ups GDP estimate over Q3 surprise

November 14, 2018, 2:03 pm
The upside surprise caused by the third-quarter 2018 GDP data caused has nudged the Hungarian government’s growth estimate upwardly, comments made by Finance Minister Mihály Varga revealed on Wednesday.... 
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