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The government has withdrawn another 6.2 billion forints from the metropolitan accounts, Budapest Mayor Gergely Karácsony said on Wednesday, adding that the move was a "fatal stab" to the city's finances.
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A new poll commissioned from the Publicus Institute by Népszava found that 52% of Hungarians primarily blame the government, Fidesz or Viktor Orbán’s economic policy for the rise in inflation, despite the government’s constant references to “war-related inflation”.
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The International Monetary Fund (IMF) projected Hungary's GDP growth would reach 0.6pc in 2025, then accelerate to 2.1pc in 2026 in its latest World Economic Outlook released on Tuesday.
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Contactless “ring” payments have arrived in Hungary, RingPay, the provider of the new service announced.
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A fixed 3 percent interest rate loan scheme with a maximum value of 150 million forints will be launched for Hungarian small and medium-sized enterprises from October 6, Prime Minister Viktor Orbán said.
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The National Bank of Hungary (NBH) acknowledged a moderation of inflation in recent months compared to levels early in the year, but said CPI was expected to stay above the 2pc-4pc tolerance band for the rest of the year in a report.
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