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Hungarian Minister of Finance Mihály Varga speaks at a press conference in Budapest on 28 November 2024.

Viktor Orbán Nominates Finance Minister Varga as Governor of the Central Bank

Hungarian Prime Minister Viktor Orbán has nominated incumbent Finance Minister Mihály Varga to assume the role of Governor of the Central Bank of Hungary in March. The position will become vacant as the current governor, György Matolcsy, steps down after…

Hungarian Real Estate Market Prices Rise to Record Levels

Real estate prices in Hungary have shown outstanding growth among the European markets this year so far, the Azerbaijani news site AzerNews reports. Similarly, according to leading Hungarian real estate listing website Ingatlan.com, the average time it takes to sell…
The central building of Budapest Metropolitan University

Budapest University Launches AI Training Programme for Business and Finance

Starting September 2024, Budapest Metropolitan University will offer a specialized programme focusing on the main areas of AI applications in business and finance. The course has been designed not only based on specific IT and data analysis fundamentals but also…
Dr Barbara Kolm, founder and Director of the Austrian Economics Center (C), and Dr Ádám Banai, Managing Director of the Hungarian National Bank for Monetary Policy Instruments (L) in the first panel of the conference

Digitalization, Free Trade, Migration and More — Free Market Road Show Held at Danube Institue

The Free Market Road Show, held for the ninth time, was organized in collaboration with the Austrian Economics Center and the Danube Institute. This year’s speakers discussed topics such as Central Bank Digital Currencies and the related issues of individual…
Péter Szijjártó with Qatari Finance Minister Ali bin Ahmed Al Kuwari in Doha on 31 January 2024.

Foreign Minister Discusses Purchase of Qatari LNG, Hungarian Hostages in Hamas Captivity in Doha

Péter Szijjártó welcomed the continuous development of bilateral economic relations and the breaking of export records. He also praised Qatar’s role in the release of some hostages abducted by Hamas, including three Hungarian citizens, and revealed that another Hungarian citizen…

Hungarian Budget Navigates Challenges in 2023, Prioritizes Economic Recovery in 2024

The government’s primary focus for the current year is the restoration of economic growth while continuing to reduce the budget deficit and national debt….

Hungary Emerges as a Top Performer in EU Fund Utilization

Despite constant criticism from the left, Hungary is one of the few EU countries that have managed to fully draw down the EU funds for the 2014–2020 period. The €32.08 billion has been allocated to several tangible projects in recent…

300 Billion HUF of Unlocked EU Funds Arrive in Hungary

Under the scope of the Union’s REPowerEU programme, €779.5 billion have been transferred to Budapest and the amount is now included in the government budget, Finance Minister Mihály Varga announced today. According to Minister for Regional Development Tibor Navracsics, an…

OTP Bank Removed from Ukrainian Blacklist

OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from…

National Bank: Consumer Price Index Expected to Drop by 7–8 Per Cent

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect….

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