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The National Bank of Hungary said in a preliminary release of the main forecasts from its quarterly Inflation Report due on Thursday that inflation could reach 3.1% both in 2019 and 2020, higher than its earlier forecasts.
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A few days ago there was an article with a startling title, revealing that Hungary is the most generous country in the European Union when it comes to spending tax dollars on sports and churches.
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The management board of the International Investment Bank (IIB), which recently announced it will move its headquarters from Moscow to Budapest later this year, has released a statement denying what it says are “unfounded” media accusations of close ties to the Russian secret service and the Russian state itself.
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Economic research company Pénzügykutató expects Hungary’s GDP growth to slow to 3.7% in 2019, researcher Éva Várhegyi said.
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Hungarian bank card holders carried out more than 209 million transactions in the fourth quarter to an all-time high of Ft 1.6 trillion, according to data from the MNB.
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Spending on film productions in Hungary reached 110.1 billion forints (EUR 349m) last year, data from Hungary’s National Media and Infocommunications Authority (NMHH) show.
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