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Hungary has recently experienced strong economic expansion with one of the highest GDP growth rates in the European Union, the European Commission said in an annual country report released on Wednesday. More >>
Rate-setters of the National Bank of Hungary left the base rate unchanged at 0.90% and the central bank O/N deposit rate at -0.05% at a regular meeting.
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Hungary is in talks on the issue of a three- to five-year “green bond” with investors in Japan and China, Finance Minister Mihály Varga said in an interview published on business news website mfor.hu.
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Hungarians have the lowest amounts of debt relative to their incomes in European comparison, but many still experience difficulty with paying their bills, according to a fresh survey by receivables management company Intrum.
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Instant bank transfers will go into effect on March 2, MNB director Lajos Bartha announced on Wednesday.
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In 2018, women in Hungary received a pension that was on average 16% below that of men, meaning that the gender gap in pensions was smaller than the EU average of 30%, according to statistical agency Eurostat.
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Hungary has bought back 1 billion dollars of high-yield FX bonds, saving the state 42.7 billion forints (EUR 26.4m) in debt servicing expenditures, Finance Minister Mihály Varga told MTI.
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