• 18 May 2024

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125 result(s) for development in Finance

First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion

First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion

Hungary’s cash-flow budget deficit was 2,597.5 billion forints (EUR 6.6bn) at the end of April, the finance ministry said on Thursday in a first release of data.
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%.
China Sees Hungary as Regional Financial Hub, Says Minister

China Sees Hungary as Regional Financial Hub, Says Minister

Financial cooperation is a fast-growing area of Hungarian-Chinese relations, Mihály Varga, the finance minister, said after meeting banking heads in Beijing, noting that Hungary planned to issue a Panda bond in the second half of this year.
Romania Overtakes Hungary in Per Capita GDP

Romania Overtakes Hungary in Per Capita GDP

Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.
Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Márton Nagy, the national economy minister, has said the government expects the economy to grow by2-3% this year.
EC Disburses Euro 140 Million REPowerEU Funds to Hungary

EC Disburses Euro 140 Million REPowerEU Funds to Hungary

The European Commission has transferred 140.1 million euros to Hungary in REPowerEU pre-financing grants under the post-pandemic Resilience and Recovery Facility (RRF).
Inflation Falls Again in Hungary, Averaging 17.6% Last Year - Forecast for 2024 Released

Inflation Falls Again in Hungary, Averaging 17.6% Last Year - Forecast for 2024 Released

Annual inflation in Hungary was 5.5% in December, while it averaged 17.6% in 2023, the Central Statistical Office (KSH) said.
Another HUF 170 billion in EU Funding Received by Hungary

Another HUF 170 billion in EU Funding Received by Hungary

Hungary has received another 170 billion forints (EUR 445m) in European Union funding, Finance Minister Mihály Varga said on Facebook on Tuesday.
2024 Outlook: Growth in Hungary 'Realistic', After 'Year Of Orbán's Austerity'

2024 Outlook: Growth in Hungary 'Realistic', After 'Year Of Orbán's Austerity'

Putting the Hungarian economy back on a growth path is a "realistic goal", Prime Minister Viktor Orbán said in an interview to commercial television TV2.
First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion

First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion

Hungary’s cash-flow budget deficit was 2,597.5 billion forints (EUR 6.6bn) at the end of April, the finance ministry said on Thursday in a first release of data.
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%.
China Sees Hungary as Regional Financial Hub, Says Minister

China Sees Hungary as Regional Financial Hub, Says Minister

Financial cooperation is a fast-growing area of Hungarian-Chinese relations, Mihály Varga, the finance minister, said after meeting banking heads in Beijing, noting that Hungary planned to issue a Panda bond in the second half of this year.
Romania Overtakes Hungary in Per Capita GDP

Romania Overtakes Hungary in Per Capita GDP

Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.
Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Márton Nagy, the national economy minister, has said the government expects the economy to grow by2-3% this year.
EC Disburses Euro 140 Million REPowerEU Funds to Hungary

EC Disburses Euro 140 Million REPowerEU Funds to Hungary

The European Commission has transferred 140.1 million euros to Hungary in REPowerEU pre-financing grants under the post-pandemic Resilience and Recovery Facility (RRF).
Inflation Falls Again in Hungary, Averaging 17.6% Last Year - Forecast for 2024 Released

Inflation Falls Again in Hungary, Averaging 17.6% Last Year - Forecast for 2024 Released

Annual inflation in Hungary was 5.5% in December, while it averaged 17.6% in 2023, the Central Statistical Office (KSH) said.
Another HUF 170 billion in EU Funding Received by Hungary

Another HUF 170 billion in EU Funding Received by Hungary

Hungary has received another 170 billion forints (EUR 445m) in European Union funding, Finance Minister Mihály Varga said on Facebook on Tuesday.
2024 Outlook: Growth in Hungary 'Realistic', After 'Year Of Orbán's Austerity'

2024 Outlook: Growth in Hungary 'Realistic', After 'Year Of Orbán's Austerity'

Putting the Hungarian economy back on a growth path is a "realistic goal", Prime Minister Viktor Orbán said in an interview to commercial television TV2.