The war in Ukraine creates uncertainty in the entire region. Scarcity and instability hasten inflation, which at this scale is capable to affect the global economy. These effects are most…
Tag: Analysis
Safe investment when war is coming your way
When you have funds in excess, it is usually best not to just let them lie around in your pocket or on a bank account, but to make some kind…
Sberbank liquidation and OBA deposit insurance
As a fallout of the current war between Ukraine and Russia, the Central Bank of Hungary (Magyar Nemzeti Bank or MNB) has recently announced that Sberbank Hungary will be liquidated.…
What is happening to the Hungarian HUF bank accounts of Revolut?
Despite recent rumors, Revolut is not moving out of Hungary. However, Revolut’s Hungarian HUF bank account is being cancelled as of 1 April 2022, which is most relevant for employers…
How a conflict between Ukraine and Russia can affect business in Europe
Currently, tension is growing on the border of Ukraine and Russia. Whether or not it will develop into a military confrontation, the situation is likely to affect economy in Europe…
Price cap for basic foods introduced in Hungary for three months
Last updated on 28 January 2022. Because of the soaring inflation, Hungary has announced the introduction of a price cap for a handful of basic foods. The price control will…