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finance

Budapest Municipal Assembly Adopts ‘Survival Programme’, Karácsony Blames Government for Financial Woes

The ‘survival programme’ was approved with 18 votes in favour and 12 abstentions. As a result, the city will take out a 16.6 billion forint loan for project development in 2023. The loan is going to match the support provided…

The History and Role of the International Investment Bank and Its Demise

Hungary has recently announced that it is leaving the International Investment Bank, soon after the US Treasury imposed sanctions on the IIB and its leadership. But what is the story behind this controversial financial institution and what led to its…

Corvinus University Receives BSIS Certification

Corvinus University of Budapest is the only institution in Hungary to have been awarded the international BSIS certification for its contribution to local and regional socio-economic development….

Minister of Finance: government securities are booming

While in 2010 only three percent of the national debt could be covered by government securities, today this rate stands at around 25%….

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