|  NEWS

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 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.

Markets

Hungary’s economy reverting to pre-pandemic levels

The Hungarian economy is returning to pre-pandemic levels say officials, according to foreign direct investment and employment figures published on Wednesday.

Markets

Fourth rate hike in two weeks by Hungary’s central bank

The National Bank of Hungary hiked rates unexpectedly for the fourth time in a fortnight on Tuesday, as an inflation surge piled pressure on the Forint and its bond market.

Markets

EC hikes Hungary 2021 GDP growth forecast

Hungary’s GDP growth forecast has been raised this year to 7.4% by the European Commission, from a previous 6.3% forecast published in July.

Markets

Employers can now require staff to have Covid vaccine

The Hungarian government is to permit private employers to require their staff to have the Covid vaccine as a condition for work. 

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. 

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