Forint Weakens To 361 Per Euro
- 18 Sep 2020 8:21 AM
The forint weakened to 361.2 per euro on Thursday, as East European currencies lost value, as usually happens when the dollar strengthens, analyst of ING bank Péter Virovácz said.
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TransferWise Joins Instant Payment System In Hungary
- 17 Sep 2020 8:42 AM
International money transfer provider TransferWise received direct access to the Hungarian banking sector’s instant payment system on September 1, the fintech company announced on Wednesday.
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Budapest Municipality Owns HUF 135 Billion In State Bonds
- 15 Sep 2020 8:54 AM
The Budapest municipality owns 135 billion forints (EUR 377.2m) in bonds and more than 27 billion in cash, according to the city council’s balance sheet report submitted on July 20, the Hungarian State Treasury said.
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Hungary Winning VAT Evasion Fight
- 11 Sep 2020 10:04 AM
VAT evasion in Hungary was cut from 21% in 2013 to 6.6% in 2019, the European Commission announced on Thursday.
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HUF Becomes Europe’s Fifth Weakest Currency
- 7 Sep 2020 8:59 AM
The forint is the fifth worst-performing European currency so far this year as it has weakened by some 8.5%, Portfolio reports.
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Hungary Q2 GDP Nosedives 13.6%
- 2 Sep 2020 10:17 AM
Hungary’s economic output shrank by an annual 13.6% in the second quarter this year, with industry and services contracting sharply due to the pandemic, according to a second reading of the data published by the Central Statistical Office (KSH).
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