• 27 Sep 2022

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94 result(s) for measures in Finance

EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Hungary Will Avoid Economic Recession Says Economic Development Minister

Hungary Will Avoid Economic Recession Says Economic Development Minister

Hungary's economy is very strong, growth was high in Q1 and Q2 and it could be positive in Q3.
Expect Brutal Inflation in Hungary by End of Year, Claims Opposition DK

Expect Brutal Inflation in Hungary by End of Year, Claims Opposition DK

An opposition Democratic Coalition (DK) official has insisted that higher household energy bills will feed into “brutal inflation” by the end of the year.
Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
Forint Strengthens After Rate Hike

Forint Strengthens After Rate Hike

The forint started to weaken on Thursday morning after the MNB raised its one-week deposit facility interest rate by 200 basis points, then firmed later when verbal interventions helped the Hungarian currency.
Opposition: Next Year's Draft Budget is 'Unsustainable'

Opposition: Next Year's Draft Budget is 'Unsustainable'

The 2023 draft budget is “unsustainable” and “fictitious”, the head of parliament’s budgetary committee, of the opposition Socialists, said on Wednesday.
Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
Hungary Improving In Fighting Money Laundering & Terrorist Financing, Notes COE

Hungary Improving In Fighting Money Laundering & Terrorist Financing, Notes COE

Hungary has improved measures to combat money laundering and terrorist financing, with positive steps taken by the authorities resulting in an upgrade of Hungary from “partially compliant” to “largely compliant”, Moneyval, the Council of Europe’s expert body against money laundering, said in a report released in Strasbourg on Wednesday.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Hungary Will Avoid Economic Recession Says Economic Development Minister

Hungary Will Avoid Economic Recession Says Economic Development Minister

Hungary's economy is very strong, growth was high in Q1 and Q2 and it could be positive in Q3.
Expect Brutal Inflation in Hungary by End of Year, Claims Opposition DK

Expect Brutal Inflation in Hungary by End of Year, Claims Opposition DK

An opposition Democratic Coalition (DK) official has insisted that higher household energy bills will feed into “brutal inflation” by the end of the year.
Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
Forint Strengthens After Rate Hike

Forint Strengthens After Rate Hike

The forint started to weaken on Thursday morning after the MNB raised its one-week deposit facility interest rate by 200 basis points, then firmed later when verbal interventions helped the Hungarian currency.
Opposition: Next Year's Draft Budget is 'Unsustainable'

Opposition: Next Year's Draft Budget is 'Unsustainable'

The 2023 draft budget is “unsustainable” and “fictitious”, the head of parliament’s budgetary committee, of the opposition Socialists, said on Wednesday.
Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
Hungary Improving In Fighting Money Laundering & Terrorist Financing, Notes COE

Hungary Improving In Fighting Money Laundering & Terrorist Financing, Notes COE

Hungary has improved measures to combat money laundering and terrorist financing, with positive steps taken by the authorities resulting in an upgrade of Hungary from “partially compliant” to “largely compliant”, Moneyval, the Council of Europe’s expert body against money laundering, said in a report released in Strasbourg on Wednesday.