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The number of electronic payments in Hungary climbed over 2.5 billion in 2024 to account for 42pc of all domestic transactions, an annual report released by the National Bank of Hungary (NBH) shows.
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OTP Bank, Hungary's biggest commercial lender, is runner-up in a fresh ranking of Europe's best-performing banks published by S+P Global Market Intelligence.
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Fitch Ratings has downgraded Wizz Air’s long-term rating by one notch, from “BB+” to “BB”, citing a weak financial performance and elevated operational costs in its last financial year, the international credit-rating agency said.
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The National Bank of Hungary (NBH) has completed the inspection of its gold reserves and concluded that the 94.7 tonnes of gold is in perfect condition, the NBH said in a post on social media on Thursday.
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According to a quick analysis by financial platform Bankmonitor, the new 3% loan for first-time home buyers offers an exceptionally favourable alternative to current market rates, which are in the 6.5-8% range, and will broaden access to credit for tens of thousands of buyers.
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The National Economy Ministry on Wednesday announced the launch of applications by the National Tax and Customs Administration (NAV) that function as a till and issue receipts for purchases.
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