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Fitch Ratings affirmed Hungary's investment-grade sovereign rating and revised the outlook to stable from negative on Friday, the National Economy Ministry said in a statement.
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Moody's Ratings on Thursday took rating actions on four Hungarian banks, reflecting the change to negative from stable of the outlook on Hungary's Baa2 sovereign rating.
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By all accounts, the Hungarian economy is not doing well, according to this video by TVP World - Poland's first English-language channel.
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Tax allowances for families raising children are set to double in line with the tax changes parliament approved in a vote on Tuesday, the state secretary for family affairs said.
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The forint weakened from Ft 389 per dollar to Ft 392 on Friday, the currency’s weakest level in over two years.
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The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.
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