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The MNB is launching a mobile-phone application, ForintApp, which helps users to identify suspicious banknotes, the financial supervisory announced at a Thursday press conference.
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Parliament voted to roll four kinds of social contribution into a single 18.5% contribution from July 1, 2020.
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Hungarian consumer prices were 3.4 percent higher on average in November 2019 than a year earlier, according to a statement by the Hungarian Central Statistical Office (KSH) here on Tuesday.
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According to a forecast by Amsterdam-based multinational banking and financial services company ING, the Hungarian forint is set to weaken further against euro, with an exchange rate above HUF 340 for a single euro incoming in Q1 2020, news site index.hu reports, based on information from business daily Világgazdaság.
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Research by Eurostat on household expenditures across the European Union in 2018 reveals that Hungarians spend a larger than average proportion of their expenses on food; alcohol and tobacco; fuel and maintenance of personal transport; and communications.
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The forint weakened against the euro on the interbank market on Tuesday morning to a new record low of 337.2.
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