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By early Wednesday evening, the euro's exchange rate approached 381 Forints, marking an 18-month high for the Hungarian currency. The euro stood above 384 Forints on Wednesday morning, but the Forint began to strengthen steadily from 11 AM, with the rate falling below 381.7 Forints just before 7 PM. More >>
Talks with the government on Budapest's financial situation are yet to begin, even though the municipality is ready to start negotiations, the director-general of the mayor's office, Ambrus Kiss, said at a panel discussion .
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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 on Tuesday.
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Lawmakers approved measures to reduce the tax and administrative burdens of small businesses in a vote on Tuesday.
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Hungary's score on the Mastercard Digital Payment Index has reached 63 on a scale of 1 to 100. Hungary's score on the index, which assesses the digitalisation of consumer payments in the areas of market readiness, digital payment adoption and consumer knowledge and attitudes, improved twelve points in five years, Mastercard said.
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OTP Bank, along with several other credit institutions, filed a constitutional complaint with the Constitutional Court, asking the court to declare unconstitutional certain provisions of Act XVIII/2025 on the installation of automated banknote dispensing machines and other related regulations, the bank said.
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The MNB has officially approved the launch of Revolut’s local branch, allowing the fintech to start operating in Hungary, Portfolio writes.
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