At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support…
Tag: Inflation
Inflation decreasing, core inflation increasing in Hungary in Q1 2023
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
HUF getting stronger at the end of Q1 2023
When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger,…
Uncertainties in the banking world – is 2008 repeating?
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry…
Is the loan of the Széchenyi Card Program a good option for your small business?
The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option…
How long will the MNB keep up the tight monetary policy in 2023?
Last week the Hungarian National Bank (MNB) held a press conference about economic expectations in Q1 2023 and the measures it is taking to counter inflation and moderate foreign exchange…