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As Transferwise has joined Hungary’s instant money transfer system, its transaction costs have dropped by about half from the earlier average fee of Ft 208 per transfer, founder and CEO Kristo Käärmann said on Tuesday.
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Hungary’s inflation rate was 2.7% in November, below the National Bank of Hungary’s 3% medium-term target, the Central Statistical Office (KSH) said on Tuesday.
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Prime Minister Viktor Orbán saw for Hungary and Poland a good chance of victory in the ongoing debate about the EU budget and on linking funding to "rule-of-law conditions", if "things are developing in the right direction" in the next few days.
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Hungary’s economy shrank by 4.6% in the third quarter, according to a second reading of data released by the Central Statistical Office (KSH).
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Investment volume in Hungary fell by an annual 12.0% in the third quarter of 2020, the Central Statistical Office (KSH) has said.
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The Competition Authority (GVH) has initiated 5,054 proceedings and levied Ft 100 billion in fines in 1,298 cases since its formation 30 years ago, the competition watchdog announced in a statement.
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