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Local Opinion: Forint Becoming A Favoured Carry Trade Currency
The leading online economic news outlet points out that as a result of a long series of interest rate cuts by the Hungarian National Bank, the Forint has become a popular carry trade currency. more »
Automotive Hungary 2017 Expo Opens In Budapest
The development of Hungary’s automotive industry will rely on systems integration involving the Visegrad Group of countries, Economy Minister Mihály Varga said, opening the Automotive Hungary 2017 expo in Budapest on Wednesday. more »
Vodafone Hungary To Seek New CEO
Alexandre Froment-Curtil, the CEO of the Hungarian unit of mobile telecommunications service provider Vodafone, will leave to become CEO of Vodafone Egypt in January 2018, the company announced on Wednesday. more »

Economy Minister: Businesses To Keep HUF 40 Billion Next Year


Economy Minister: Businesses To Keep HUF 40 Billion Next Year
Public burdens on businesses will be reduced by 2.5 percentage points next year if parliament approves a proposal submitted by Economy Minister Mihály Varga. more »

IMF Raises GDP Growth Forecasts For Hungary


IMF Raises GDP Growth Forecasts For Hungary
The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 3.2 percent in its fresh World Economic Outlook released on Tuesday. The projection was raised from 2.9 percent in a forecast published in April. The IMF raised its forecast for GDP growth in 2018 to 3.4 percent from 3.0 percent. Hungary’s government projects GDP growth of 4.1 percent for 2017 and 4.3 percent for 2018. more »

Hungarian Government Interest Expenditure Fell EUR 1.6bn Last Year


Hungarian Government Interest Expenditure Fell EUR 1.6bn Last Year
Interest expenditure of the government fell by 500 billion forints (EUR 1.6bn) last year because of the lower yield of government bonds, National Bank of Hungary (NBH) governor György Matolcsy said at the meeting of parliament’s economic committee on Tuesday. more »



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