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Russian assets frozen by Hungary's government rose to EUR 870 million (approximately HUF 350 billion) by the end of November from a previously reported EUR 3,000 (HUF 1.2 mln), according to Hungarian newspaper Népszava, as cited by international news wire Reuters.
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Now that Hungary has been exempted from applying the global minimum tax, the country will remain a tax haven, the opposition LMP party said.
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The Budapest General Assembly adopted the 2023 budget on Wednesday, projecting 407.8 billion forints (EUR 990.3m) in revenues and 465.3 billion in expenditures.
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The government will not extend the current moratorium on borrowers’ repayments, which is set to expire on Dec. 31, the minister of economic development said on Tuesday.
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A left-wing columnist accuses the Hungarian government of trying to unlock EU funding by threatening to veto key EU decisions. A pro-government analyst, on the other hand, accuses the EU of blackmailing Hungary.
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Combined after-tax profit of Hungarian banks fell by an annual 12.4% to 562 billion forints in Q1-Q3 as write-downs and provisions weighed, the National Bank of Hungary (NBH) said.
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