National Bank Of Hungary Knocks Down GDP Forecast
- 23 Sep 2020 10:34 AM
The National Bank of Hungary (NBH) expects the economy to contract between 5.1% and 6.8% this year, forecasts from its latest quarterly Inflation Report show.
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Hungary To Extend Credit Debt Repayment Moratorium By Six Months
- 22 Sep 2020 6:50 AM
Jobs and the living standards of families must be protected also during the virus, Prime Minister Viktor Orbán stressed in a video message posted on his Facebook account on Saturday, announcing that the credit debt repayment moratorium offered to households will be extended – in the case of certain social groups – for another six months from 1 January 2021.
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Forint Weakens To 361 Per Euro
- 18 Sep 2020 8:21 AM
The forint weakened to 361.2 per euro on Thursday, as East European currencies lost value, as usually happens when the dollar strengthens, analyst of ING bank Péter Virovácz said.
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TransferWise Joins Instant Payment System In Hungary
- 17 Sep 2020 8:42 AM
International money transfer provider TransferWise received direct access to the Hungarian banking sector’s instant payment system on September 1, the fintech company announced on Wednesday.
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Budapest Municipality Owns HUF 135 Billion In State Bonds
- 15 Sep 2020 8:54 AM
The Budapest municipality owns 135 billion forints (EUR 377.2m) in bonds and more than 27 billion in cash, according to the city council’s balance sheet report submitted on July 20, the Hungarian State Treasury said.
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Hungary Winning VAT Evasion Fight
- 11 Sep 2020 10:04 AM
VAT evasion in Hungary was cut from 21% in 2013 to 6.6% in 2019, the European Commission announced on Thursday.
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