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The European Court of Human Rights (ECHR) has ruled that Hungary’s practice of publishing personal information about people with overdue tax debts of at least Ft 10 million for more than 180 days violates EU rules.
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The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
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Economic policymaking already “took a wrong turn” in 2021, before the war in Ukraine and sanctions of 2022, György Matolcsy, the head of Hungary’s central bank (NBH) told MPs.
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Consumer prices were up by an annual 25.4% in February, driven mostly by household energy and food prices, the Central Statistical Office (KSH) said.
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Hungarian rate-setters decided to leave the base rate unchanged at 13% at a regular policy meeting on Tuesday.
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After the MNB announced that it is maintaining interest rates, the forint began to strengthen and gained 0.7-0.9% on Tuesday.
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