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Record Net Profit in Q1 Reported by Banks in Hungary

Record Net Profit in Q1 Reported by Banks in Hungary

The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.
Central Bank in Hungary Cuts Base Rate Again

Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.25% at a regular policy meeting.
April Inflation Up in Hungary

April Inflation Up in Hungary

Hungary’s consumer price index in April was 3.7% higher than the same month a year earlier, the Central Statistical Office (KSH) said.
IMF Says Hungary's Economy to Return To Growth This Year

IMF Says Hungary's Economy to Return To Growth This Year

The International Monetary Fund (IMF) forecasts the Hungarian economy returning to growth this year and taking its place in the vanguard of the EU’s growth performers next year, Mihály Varga, the finance minister, said on Tuesday, adding that the IMF prognosis echoes that of the latest European Commission projection.
Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Hungary’s taxes are not to blame for high fuel prices, the finance minister said on Monday, adding that taxes on fuels were among the lowest in the European Union.
IMF Lowers Hungary's GDP Growth Forecast to 2.2%

IMF Lowers Hungary's GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary’s GDP would grow by 2.2% this year in its latest World Economic Outlook.
'Flawed' Pension Policy: Hungary’s Economy “In Big Trouble”, According to Opposition

'Flawed' Pension Policy: Hungary’s Economy “In Big Trouble”, According to Opposition

Hungary’s economy “is in big trouble”, according to the opposition Socialists, who slammed the government’s “flawed” pensions policy.
Free Cash Withdrawals at Post Offices in Hungary

Free Cash Withdrawals at Post Offices in Hungary

The opportunity for two free cash withdrawals of up to Ft 150,000 a month will be available at post offices, in addition to ATMs, under an amendment approved by Parliament yesterday to harmonise with EU legislation.
Record Net Profit in Q1 Reported by Banks in Hungary

Record Net Profit in Q1 Reported by Banks in Hungary

The unconsolidated net profit of Hungarian banks was up 26% year-on-year to a record Ft 499 billion in the first quarter, largely driven by foreign dividend income and the halving of the extra profit tax, according to data from the MNB.
Central Bank in Hungary Cuts Base Rate Again

Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.25% at a regular policy meeting.
April Inflation Up in Hungary

April Inflation Up in Hungary

Hungary’s consumer price index in April was 3.7% higher than the same month a year earlier, the Central Statistical Office (KSH) said.
IMF Says Hungary's Economy to Return To Growth This Year

IMF Says Hungary's Economy to Return To Growth This Year

The International Monetary Fund (IMF) forecasts the Hungarian economy returning to growth this year and taking its place in the vanguard of the EU’s growth performers next year, Mihály Varga, the finance minister, said on Tuesday, adding that the IMF prognosis echoes that of the latest European Commission projection.
Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Hungary’s taxes are not to blame for high fuel prices, the finance minister said on Monday, adding that taxes on fuels were among the lowest in the European Union.
IMF Lowers Hungary's GDP Growth Forecast to 2.2%

IMF Lowers Hungary's GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary’s GDP would grow by 2.2% this year in its latest World Economic Outlook.
'Flawed' Pension Policy: Hungary’s Economy “In Big Trouble”, According to Opposition

'Flawed' Pension Policy: Hungary’s Economy “In Big Trouble”, According to Opposition

Hungary’s economy “is in big trouble”, according to the opposition Socialists, who slammed the government’s “flawed” pensions policy.
Free Cash Withdrawals at Post Offices in Hungary

Free Cash Withdrawals at Post Offices in Hungary

The opportunity for two free cash withdrawals of up to Ft 150,000 a month will be available at post offices, in addition to ATMs, under an amendment approved by Parliament yesterday to harmonise with EU legislation.