• Minister Says Hungarian GDP Could Be Down By 6.4 Percent In 2020

    Minister Says Hungarian GDP Could Be Down By 6.4 Percent In 2020

    • 28 Oct 2020 9:07 AM

    The GDP of Hungary could fall by 6.4% this year and economic trends could start to change from the second quarter of 2021 with a vaccine against the coronavirus possibly available by that time, Finance Minister Mihály Varga said at an annual hearing before a parliamentary committee.

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  • Forint Under Pressure Again

    Forint Under Pressure Again

    • 15 Oct 2020 9:07 AM

    The Hungarian currency shed 2% of its value against the euro this week due to fears of the economic impact of the second wave of the pandemic, HVG reports.

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  • OTP Celebrates 25 Years On Budapest Stock Exchange

    OTP Celebrates 25 Years On Budapest Stock Exchange

    • 8 Oct 2020 8:28 AM

    The Budapest Stock Exchange has awarded chairman and CEO of OTP bank Sándor Csányi for his achievement in heading the largest bank in Hungary, BSE chairman Mihály Patai announced as the 25th anniversary of the listing of the share was celebrated on Wednesday.

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  • HUF Nears All-Time Low Against Euro

    HUF Nears All-Time Low Against Euro

    • 30 Sep 2020 12:15 PM

    The forint exchange rate is hovering only 1% above its all-time weakest position of Ft 369.5 to the euro, reached in the spring, Portfolio observed.

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