Why Do Hungarians Keep 12% of Savings Abroad?
- 4 Apr 2024 7:20 AM
Hungarians had a total of Ft 1.7 trillion in foreign bank accounts at the end of 2023, equal to 12% of all retail bank deposits, according to data from the MNB.
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China Sees Hungary as Regional Financial Hub, Says Minister
- 4 Apr 2024 7:08 AM
Financial cooperation is a fast-growing area of Hungarian-Chinese relations, Mihály Varga, the finance minister, said after meeting banking heads in Beijing, noting that Hungary planned to issue a Panda bond in the second half of this year.
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Number of ATMs in Hungary Rises on National Bank Decree
- 28 Mar 2024 5:51 AM
Hungarian banks added 218 ATMs in the period between January 2023 and February 2024 after the MNB ordered lenders to maintain a minimum number of ATMs based on the number of bank cards issued.
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Romania Overtakes Hungary in Per Capita GDP
- 27 Mar 2024 12:24 PM
Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.
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Central Bank in Hungary Cuts Base Rate to 8.25% Inflation Forecast to Fall
- 27 Mar 2024 5:35 AM
Hungarian central bank rate-setters reduced the base rate by 75 basis points, to 8.25%, at a regular policy meeting.
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Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed
- 26 Mar 2024 11:54 AM
Márton Nagy, the national economy minister, has said the government expects the economy to grow by2-3% this year.
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