• 25 Apr 2024

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Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
Special Effects Hungary Expands Portfolio with Acquisition of Creative Agency

Special Effects Hungary Expands Portfolio with Acquisition of Creative Agency

  • 23 Apr 2024 2:56 PM
  • specials
One of Hungary's leading event service providers, Special Effects, continues its strategic growth with the acquisition of Universum 8.
LIFE Programme: HUF 1.4 Billion Earmarked for Nature Protection by Budapest City Council

LIFE Programme: HUF 1.4 Billion Earmarked for Nature Protection by Budapest City Council

  • 23 Apr 2024 2:02 PM
  • community & culture
Budapest’s municipal council is set to allocate 1.4 billion forints (EUR 3.5m) for the preservation of nature conservation areas after being awarded funding from a European Union scheme, Gergely Karácsony, the city’s mayor, said on Monday, marking Earth Day.
EU 'Preparing for World War', Reveals Hungarian Foreign Minister

EU 'Preparing for World War', Reveals Hungarian Foreign Minister

Decision-makers in Brussels "are preparing for a world war" in response to the deteriorating military situation in Ukraine, despite the "failure of the strategy of weapon deliveries", the minister of foreign affairs and trade has said.
Fidesz Launches EP Election Campaign Alongside Controversial Billboards Attacking Opposition in Hungary

Fidesz Launches EP Election Campaign Alongside Controversial Billboards Attacking Opposition in Hungary

Ruling Fidesz has launched an “outdoor” campaign of putting out billboards and distributing leaflets in preparation for the upcoming European parliamentary and municipal elections, the communications director of the party said in a video on Facebook on Sunday.
Updated: Fraud Suspected Around Chain Bridge Revamp - Will Budapest Mayor Explain

Updated: Fraud Suspected Around Chain Bridge Revamp - Will Budapest Mayor Explain "Where Is All That Money?”

A recent report by the Government Control Office (KEHI) raises the suspicion of a “serious misuse” of funds concerning the renovation of Budapest’s Chain Bridge, a municipal project, Balázs Hidvéghi said.
Hungarian and Indonesian FM's Share Concerns About Crisis in Middle East Coupled With “An Increasingly Warlike Mood in Europe”

Hungarian and Indonesian FM's Share Concerns About Crisis in Middle East Coupled With “An Increasingly Warlike Mood in Europe”

Indonesian Foreign Minister Retno Marsudi has phoned Péter Szijjártó, Hungary’s minister of foreign affairs and trade, Szijjártó said on Facebook, adding that the talks focused on the security crisis in the Middle East.
IMF Lowers Hungary's GDP Growth Forecast to 2.2%

IMF Lowers Hungary's GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary’s GDP would grow by 2.2% this year in its latest World Economic Outlook.
Olympic Fest of Street Sports in Budapest Coming This June

Olympic Fest of Street Sports in Budapest Coming This June

Between June 20-23, the best athletes in BMX freestyle, breaking, skateboarding, and sport climbing will compete at Ludovika Campus as part of the first Olympic Qualifier Series.
Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
Special Effects Hungary Expands Portfolio with Acquisition of Creative Agency

Special Effects Hungary Expands Portfolio with Acquisition of Creative Agency

  • 23 Apr 2024 2:56 PM
  • specials
One of Hungary's leading event service providers, Special Effects, continues its strategic growth with the acquisition of Universum 8.
LIFE Programme: HUF 1.4 Billion Earmarked for Nature Protection by Budapest City Council

LIFE Programme: HUF 1.4 Billion Earmarked for Nature Protection by Budapest City Council

  • 23 Apr 2024 2:02 PM
  • community & culture
Budapest’s municipal council is set to allocate 1.4 billion forints (EUR 3.5m) for the preservation of nature conservation areas after being awarded funding from a European Union scheme, Gergely Karácsony, the city’s mayor, said on Monday, marking Earth Day.
EU 'Preparing for World War', Reveals Hungarian Foreign Minister

EU 'Preparing for World War', Reveals Hungarian Foreign Minister

Decision-makers in Brussels "are preparing for a world war" in response to the deteriorating military situation in Ukraine, despite the "failure of the strategy of weapon deliveries", the minister of foreign affairs and trade has said.
Fidesz Launches EP Election Campaign Alongside Controversial Billboards Attacking Opposition in Hungary

Fidesz Launches EP Election Campaign Alongside Controversial Billboards Attacking Opposition in Hungary

Ruling Fidesz has launched an “outdoor” campaign of putting out billboards and distributing leaflets in preparation for the upcoming European parliamentary and municipal elections, the communications director of the party said in a video on Facebook on Sunday.
Updated: Fraud Suspected Around Chain Bridge Revamp - Will Budapest Mayor Explain

Updated: Fraud Suspected Around Chain Bridge Revamp - Will Budapest Mayor Explain "Where Is All That Money?”

A recent report by the Government Control Office (KEHI) raises the suspicion of a “serious misuse” of funds concerning the renovation of Budapest’s Chain Bridge, a municipal project, Balázs Hidvéghi said.
Hungarian and Indonesian FM's Share Concerns About Crisis in Middle East Coupled With “An Increasingly Warlike Mood in Europe”

Hungarian and Indonesian FM's Share Concerns About Crisis in Middle East Coupled With “An Increasingly Warlike Mood in Europe”

Indonesian Foreign Minister Retno Marsudi has phoned Péter Szijjártó, Hungary’s minister of foreign affairs and trade, Szijjártó said on Facebook, adding that the talks focused on the security crisis in the Middle East.
IMF Lowers Hungary's GDP Growth Forecast to 2.2%

IMF Lowers Hungary's GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary’s GDP would grow by 2.2% this year in its latest World Economic Outlook.
Olympic Fest of Street Sports in Budapest Coming This June

Olympic Fest of Street Sports in Budapest Coming This June

Between June 20-23, the best athletes in BMX freestyle, breaking, skateboarding, and sport climbing will compete at Ludovika Campus as part of the first Olympic Qualifier Series.