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Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Analysts describe the biggest rate increase by the National Bank for 14 years as shocking but laudable – and predict further increases until September.
Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary's government aims to find allies and is never proud to be an outlier in "regrettable" debates in the European Union, the prime minister's chief of staff said. But sometimes combatting Brussels necessary to thwart decisions that don’t take Hungary’s interests into consideration, Gergely Gulyás said in an interview with public media website hirado.hu.
'Devil’s Cauldron Festival', Villány Wine Region, 2 - 6 August

'Devil’s Cauldron Festival', Villány Wine Region, 2 - 6 August

  • 22 Jun 2022 11:57 AM
  • entertainment
Between 2 - 6 August, this multi-arts festival labelled ‘excellent‘ by the Hungarian Festival Association includs around 20 locations in 4 villages over the course of 5 days, every year in August.
'Severe Austerity' Enactment Will ve Passed to Local Councils by Gov't, Says Budapest Major

'Severe Austerity' Enactment Will ve Passed to Local Councils by Gov't, Says Budapest Major

The government’s 2023 draft budget would pass on the responsibility for enacting “severe austerity measures” to local councils, Gergely Karácsony, the mayor of Budapest, told a press conference, adding that the opposition parties plan to submit a package of amendments.
Budapest Mayor Holds Talks on EU Funding in Brussels

Budapest Mayor Holds Talks on EU Funding in Brussels

  • 17 Jun 2022 9:11 AM
  • current affairs
Budapest Mayor Gergely Karácsony recently travelled to Brussels for talks with European Commission representatives on European Union funding available to the Hungarian capital.
Food & Gas Price Caps Extended + More from Orbán

Food & Gas Price Caps Extended + More from Orbán

Hungary is extending price caps on food and petrol to October 1, while the loan moratorium and cap on mortgage rates will apply until December 31, the PM has announced.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.
Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Analysts describe the biggest rate increase by the National Bank for 14 years as shocking but laudable – and predict further increases until September.
Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary's government aims to find allies and is never proud to be an outlier in "regrettable" debates in the European Union, the prime minister's chief of staff said. But sometimes combatting Brussels necessary to thwart decisions that don’t take Hungary’s interests into consideration, Gergely Gulyás said in an interview with public media website hirado.hu.
'Devil’s Cauldron Festival', Villány Wine Region, 2 - 6 August

'Devil’s Cauldron Festival', Villány Wine Region, 2 - 6 August

  • 22 Jun 2022 11:57 AM
  • entertainment
Between 2 - 6 August, this multi-arts festival labelled ‘excellent‘ by the Hungarian Festival Association includs around 20 locations in 4 villages over the course of 5 days, every year in August.
'Severe Austerity' Enactment Will ve Passed to Local Councils by Gov't, Says Budapest Major

'Severe Austerity' Enactment Will ve Passed to Local Councils by Gov't, Says Budapest Major

The government’s 2023 draft budget would pass on the responsibility for enacting “severe austerity measures” to local councils, Gergely Karácsony, the mayor of Budapest, told a press conference, adding that the opposition parties plan to submit a package of amendments.
Budapest Mayor Holds Talks on EU Funding in Brussels

Budapest Mayor Holds Talks on EU Funding in Brussels

  • 17 Jun 2022 9:11 AM
  • current affairs
Budapest Mayor Gergely Karácsony recently travelled to Brussels for talks with European Commission representatives on European Union funding available to the Hungarian capital.
Food & Gas Price Caps Extended + More from Orbán

Food & Gas Price Caps Extended + More from Orbán

Hungary is extending price caps on food and petrol to October 1, while the loan moratorium and cap on mortgage rates will apply until December 31, the PM has announced.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.