HUF 1,000 Banknotes To Be Withdrawn
- 18 Oct 2018 7:16 AM
From November 1, Ft 1,000 banknotes issued before 2017 will no longer be legal tender, the MNB warned on Wednesday.
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VAT Cut In Hungary Bad For Revenues
- 13 Oct 2018 8:35 AM
Reducing Hungary’s main VAT rate by two percentage points to 25% would result in “many hundreds of billions of forints” of lost budget revenue, András Tállai, the deputy finance minister, said in an interview published in Friday’s issue of the daily Magyar Idők.
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EU To Transfer Almost All Funds To Hungary
- 10 Oct 2018 8:37 AM
The government has managed to resolve disputes with the European Commission on all but two funding issues, namely the construction of the M4 metro line and Hungary’s tendering system for EU funds.
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IMF Raises GDP Growth Forecast For Hungary
- 10 Oct 2018 5:59 AM
The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4% in its fresh World Economic Outlook. The projection was raised from 3.8% in a forecast released in April, but is still under the government’s official target for 4.3% growth.
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Economic Research Company Raises Hungary's 2018 GDP Growth Forecast
- 27 Sep 2018 7:35 AM
Economic research company Pénzügykutató has revised its GDP growth forecast for this year to 4.4% from 3.9%, researcher Éva Várhegyi said.
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Industrial Output Rises 6.2% In July
- 10 Sep 2018 7:52 AM
Industrial output in Hungary rose by an annual 6.2% in July, the Central Statistical Office (KSH) said in a first reading of data.
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