|  NEWS

Economy

Hungary’s industrial production rallies in June

Industrial production increased 4.8% year-on-year in June, up from May’s 3.4% rise

Politics

Hungary declares energy state of emergency

A state of emergency has been declared in Hungary due to supply problems and soaring energy prices in Europe.

Markets

Utility price cuts and defence feature in 2023 budget

Utility price reductions and spending on defence will feature within the economic policy in Hungary’s 2023 budget, as presented by the country’s Finance Minister, Mihály Varga.

Economy

Hungary’s industrial production rallies in June

Industrial production increased 4.8% year-on-year in June, up from May’s 3.4% rise

Politics

Hungary declares energy state of emergency

A state of emergency has been declared in Hungary due to supply problems and soaring energy prices in Europe.

Markets

Utility price cuts and defence feature in 2023 budget

Utility price reductions and spending on defence will feature within the economic policy in Hungary’s 2023 budget, as presented by the country’s Finance Minister, Mihály Varga.

Markets

Govt. allocates €1.7bn to safeguard against utility price hikes

The Hungarian government submitted the draft budget to parliament this week which includes a 670 billion Forint (€1.7 billion) fund to help protect people from gas and electricity price hikes.

Markets

Hungary’s new President “condemns Putin's aggression”

During her inauguration ceremony on Saturday, Hungarian President Katalin Novak condemned the war in Ukraine and said she would be travelling to Poland for her first trip, in a bid to repair relations with Warsaw.

Markets

National Bank of Poland hikes rates

Poland’s Monetary Policy Council (RPP) increased the reference interest rate by 75 basis points to 5.25% on Thursday.

Markets

Hungary to pay for Russian gas in Roubles

Hungary is planning to pay for gas from Russia in Euros via Gazprombank, which will be converted into Roubles, according to Foreign Minister Peter Szijjarto.

Markets

Hungary’s central bank hikes one-week deposit rate to 6.15%

The Hungarian Central Bank increased its one-week deposit rate NBHK to 6.15%, by 30 basis points, on Thursday, prolonging its rate-tightening policy as inflation pressures continue.

Markets

Hungarian National Bank ready to intervene to protect economic stability

Hungary’s central bank has stated it will intervene to safeguard the stability of the domestic financial markets if required, after the currency and stock market plummeted. 

Markets

Hungary’s opposition seeks to unlock EU recovery funds

Leader of Hungary’s opposition Peter Marki-Zay is hopeful a crackdown on corruption and joining the European Public Prosecutor's Office will release EU recovery

Markets

Hungary’s central bank hikes rates to 2.9%

The National Bank of Hungary increased its base rate by 50 basis points to 2.9% on Tuesday, the largest hike since the end of 2011, in an attempt to tackle soaring inflation.

Economy

Hungary’s industrial production rallies in June

Industrial production increased 4.8% year-on-year in June, up from May’s 3.4% rise

Politics

Hungary declares energy state of emergency

A state of emergency has been declared in Hungary due to supply problems and soaring energy prices in Europe.

Markets

Utility price cuts and defence feature in 2023 budget

Utility price reductions and spending on defence will feature within the economic policy in Hungary’s 2023 budget, as presented by the country’s Finance Minister, Mihály Varga.

Markets

Govt. allocates €1.7bn to safeguard against utility price hikes

The Hungarian government submitted the draft budget to parliament this week which includes a 670 billion Forint (€1.7 billion) fund to help protect people from gas and electricity price hikes.

Markets

Hungary’s new President “condemns Putin's aggression”

During her inauguration ceremony on Saturday, Hungarian President Katalin Novak condemned the war in Ukraine and said she would be travelling to Poland for her first trip, in a bid to repair relations with Warsaw.

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