The European Investment Bank (EIB) said it will lend 200 million euros to Magyar Eximbank, creating a new credit line to support the faster recovery of Hungarian companies from the impact of the coronavirus crisis. More >>
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Mayors Call On Gov't To Withdraw Decision Halving Local Business Tax
- 22 Dec 2020 7:46 AM
Budapest Mayor Gergely Karácsony and 37 mayors of Budapest districts and cities around Hungary demanded in a joint statement on Sunday that the government withdraw a decision on halving the local business tax.
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Tax Authority Raids Hungarian Security Companies
- 17 Dec 2020 9:01 AM
Agents of the tax authority NAV visited 30-40 security guard companies on Tuesday, and detained several executives, HVG reports.
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National Bank Of Hungary Sees GDP Shrinking This Year
- 16 Dec 2020 10:04 AM
The National Bank of Hungary (NBH) expects the economy to contract between 6.0% and 6.5% this year, forecasts from its latest quarterly Inflation Report show.
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Hungarian Central Bank Keeps Base Rate On Hold
- 16 Dec 2020 9:16 AM
Hungarian central bank (NBH) rate-setters kept the base rate on hold at 0.60% at a regular meeting. They also decided to leave the O/N deposit rate at -0.05% and the O/N and one-week collateralised loan rates at 1.85%.
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Central Bank Of Hungary Governor Criticises Government Covid Crisis Management
- 16 Dec 2020 8:56 AM
This year is a black year in the economic history of Hungary but government policy mistakes also contributed to the recession, MNB governor György Matolcsy declared in an online press conference held after the monetary council meeting on Tuesday.
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Forint & Stocks Rally On EU Budget Deal
- 10 Dec 2020 8:49 AM
News that Hungary and Poland agreed to proposals by the German EU presidency on averting a veto of the EU budget by the two countries lifted share prices on the Budapest Stock Exchange.
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