The governor of Hungary’s central bank is correct in identifying a problem with the economy, Mihály Varga, the finance minister, said on Monday, reacting to a briefing that György Matolcsy gave to a parliamentary committee. More >>
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’Job-Killing Wage Hike’ Says Orbán About Introducing Minimum Corporate Tax in Hungary
- 5 Dec 2022 12:32 PM
Orbán called the concept of the global minimum corporate tax a “job killing tax hike”, and said the government refused to approve its introduction in Hungary.
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Tough Times Ahead for Economy in Hungary, Says Finmin Varga
- 5 Dec 2022 7:10 AM
Hungary’s economy and its players must prepare to perform in an increasingly difficult international environment, Mihály Varga, the finance minister, told an annual event of the National Association of Businesses and Employers (VOSZ) in Budapest.
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Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds
- 1 Dec 2022 6:38 AM
The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
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Pension Funds Losing Money in Hungary
- 30 Nov 2022 9:58 AM
The value of assets managed by voluntary pension funds shrank by Ft 187.3 billion in the January-September period, falling to Ft 1.5 trillion at the end of the third quarter, a two-year low, the MNB announced.
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Erste Bank to Absorb Commerzbank Clients in Hungary
- 30 Nov 2022 9:52 AM
Erste Bank branches will be closed from 10 p.m. December 1 to midnight on December 4, as the bank takes over former Commerzbank clients, the bank announced.
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Debt Financing Among Biggest Risks in Hungary For 2023, Say Socialists
- 30 Nov 2022 8:23 AM
The opposition Socialist Party says it expects debt financing to be one of the biggest risk areas of the 2023 fiscal year, and that they hope the government was going into next year with a “comprehensible budget”.
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