Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday. More >>
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Hungarian Parliament Rejects Directive On Global Minimum Tax
- 22 Jun 2022 8:58 AM
Hungary rejects plans to introduce a global minimum tax as it would jeopardise jobs, Tamás Menczer, state secretary at the foreign ministry, told public broadcaster M1.
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80% of Inflation in Hungary Due to Global Factors, Says Minister of Economic Development
- 16 Jun 2022 6:38 AM
Global factors such as rising energy and grain prices account for 80% of Hungarian inflation, Márton Nagy, the minister of economic development, said in a newspaper interview published on Wednesday.
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Forint Hit New Historic Low at 403 to Euro
- 15 Jun 2022 3:50 PM
After hitting 400 on Monday in the foreign exchange market, the forint-euro exchange rate set another record low on Tuesday, reported Magyar Hang.
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Watchdog Puts Bank Fees Under Heightened Scrutiny in Hungary
- 15 Jun 2022 3:33 PM
The National Bank of Hungary (NBH) said it will make scrutinising changes to lenders’ fees a “priority” as banks pay a windfall tax and the transactions duty is extended.
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Hungary Improving In Fighting Money Laundering & Terrorist Financing, Notes COE
- 9 Jun 2022 9:03 AM
Hungary has improved measures to combat money laundering and terrorist financing, with positive steps taken by the authorities resulting in an upgrade of Hungary from “partially compliant” to “largely compliant”, Moneyval, the Council of Europe’s expert body against money laundering, said in a report released in Strasbourg on Wednesday.
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Trade Deficit at 475 Million Euro This April in Hungary
- 9 Jun 2022 8:59 AM
Hungary’s trade balance showed a 475 million euro deficit in April, the Central Statistical Office (KSH) said in a first reading of data. Hungary had a trade deficit for the tenth month in a row, KSH said.
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