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Investment illustration (Pixabay)

S&P Maintains Hungary’s BBB Rating, Assesses Financial Outlook as ‘Stable’

The global credit rating agency expects Hungary’s ‘fiscal slippage’ in 2023 to be temporary, and projects the country’s GDP to grow by 2.6 per cent in 2024, after it shrank by 0.5 per cent in 2023….
The building of the Hungarian Central Statistical Office in Budapest

Hungary Government Sector Deficit 6.7 Per Cent of GDP in 2023

As of the end of 2023, Hungary’s national debt stood at 55.134 trillion HUF, 73.5 per cent of its GDP. Its debt-to-GDP ratio is considerably lower than that of the Eurozone countries, the collective debt of which amounts to 90.3…

CSOK Plus Draws Strong Response in Inaugural Month with Over 1,000 Applications

In Hungary, people traditionally think in terms of owning their own homes, which not only provides predictability but also financial security for the next generation….

Markets Dip after US Federal Reserve Decision, Hungarian National Bank Cuts Interest Rates Again

The Fed is not cutting the federal interest rate, and is keeping it at 5.5 per cent, the highest it has been since the early 2000s. Meanwhile in Hungary, the National Bank cut interest rates on 31 January….

Tamás Deutsch Bashes Brussels for Unlawfully Blocking Access to EU Funds

Tamás Deutsch articulated that it irks the European left that the Hungarian people consistently, through democratic elections, overwhelmingly support a nationalistic, sovereignist policy. He added that the European left seeks to forcefully override these decisions through political pressure….

Viktor Orbán Discusses Unlocked EU Funds, Ukraine’s Accession and Hungarian Sovereignty

The Prime Minister said the EU was in the habit of making bad decisions, and he listed the 2008 financial crisis and migration as examples, as well as the decision regarding the war in Ukraine to go ‘towards war and…

Viktor Orbán: Policies Built on Ethnic Foundations Have a Future in the Carpathian Basin

According to the Hungarian government, ‘preserving the ethnic foundations is our joint responsibility’, and as long as that exists, the politics based on ethnic groups also has a future, the Hungarian prime minister said….
Housing (illustration)

An Analysis on the Benefits of the Newly Announced CSOK Plus Housing Scheme

Unlike the existing conditions, CSOK Plus does not distinguish between new and used residential properties. New homes are generally more expensive, which means that the same amount of money will buy a smaller property. However, the good news for buyers…

Viktor Orbán Reiterates the Government’s Stance on Migration and Hungary’s Economic Outlook

In his regular Friday morning interview with public Kossuth radio, Viktor Orbán addressed issues such as migration, the economy and Ukraine’s EU accession….
A one hundred forint banknote from 1946.

Happy Birthday, Forint!

The Hungarian currency, the forint celebrates its 77th birthday on 1 August. But in reality, the forint’s history can be traced back to as long ago as the 1320s….

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