News in Brief
Finance Minister: Government working to ensure economic development
Mihály Varga said measures taken to maintain stability and balance last year should be continued.
Finance
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News in Brief
Hungary regains its financial sovereignty
Hungary has regained its financial sovereignty over the past ten years thanks in large part to the elimination of the black economy.
Blog
International Investment Bank moves to Budapest
In December, the Board of Governors of the International Investment Bank took a decision to move its headquarters to Budapest. Here are five facts you should know about the IIB...
News in Brief
State secretary for finance: Hungary could save hundreds of billions by converting to cashless payments
The government’s financial awareness strategy aims to reduce the annual 450 billion HUF cost which cash payments impose on the economy
News in Brief
Hungary's benchmark base rate will remain at 0.9 percent until 2020
The National Bank of Hungary said inflation would edge upwards only gradually in Hungary, reaching the bank's 3 percent medium-term target in mid-2019
Blog
A ‘dominant financial and technological power’, China comes to Budapest
Last week, Budapest played host to the 7th China-CEEC Summit, gathering Chinese Premier Li Keqiang and the prime ministers, heads of state and senior figures from 11 EU member states and five non-EU countries to advance cooperation between China and Central and Eastern Europe.
News in Brief
Premier of China to make official visit to Hungary
The Chinese leader will attend the sixth meeting of heads of government of China-CEE countries during his official visit to Hungary
News in Brief
Hungary’s budget deficit hit 2.65 billion euros in July
Hungary's cash flow-based budget, excluding local councils, ran an 816.8 billion HUF deficit at the end of July
News in Brief
Hungary's central bank introduces measures to boost lending
"The adjustment period which lasts until 2020 will support a recovery in lending ... while also strengthening financial stability," the National Bank of Hungary said
News in Brief
'Orbanomics' is paying off for Hungarians
Two of the three main credit agencies upgraded Hungary to investment grade this year, recognizing for the first time that Orbanomics is working
News in Brief
Hungary upgraded by leading rating agency
Standard & Poor's has raised Hungary's rating by one notch to BBB- from BB+ and has lifted the country out of 'junk status'