News Hungary Finance: Hungary election winner will have to rein in social spending, S&P says
BUDAPEST, March 24 (Reuters) - The winner of Hungary's April 12 parliamentary election will have to take steps to rein in social spending to shore up state finances amid risks to an economic recovery from the global energy price shock, S&P; Global said. Hungary's budget deficit reached nearly 40% of the full-year target in the first two months of this year amid heavy spending by right-wing Prime Minister Viktor Orban ahead of the ballot, where the veteran leader faces the toughest challenge
News Hungary Finance: Hungary's inflation rises to 1.6% in September
Hungary's consumer price inflation increased for the second straight month in September, the Hungarian Central Statistical Office said on Wednesday. Consumer prices climbed 1.
News Hungary Finance: The largest banks in Hungary are building infrastructure and improving inclusion
Major Banks Leading the Hungarian Market With a banked population of 74.7%, the largest banks in Hungary still have market share to grab and inclusion to promote. With a population of 9.8 million, Hungary may not seem like the hugest market, but it is improving. According to GlobalData, the annual value of card transactions is…
News Hungary Finance: Orban's Struggles: Hungary's Quest for Financial Aid
Hungary, under Prime Minister Viktor Orban, has not secured the desired financial aid from the U.S. Talks for possible assistance continue as Hungary faces economic challenges. Orban aims to combat stagnation and inflation, partly due to reliance on Russian energy, while navigating political challenges leading up to 2026 elections.
News Hungary Finance: Captain of cruise ship in Hungary crash released on bail
The Ukrainian cruise ship captain suspected of responsibility in a deadly collision with a sightseeing boat on the Danube River has been released on bail, a Budapest court said Thursday. The Capital City Court said that the captain, identified earlier only as Yuriy C., isn't allowed to leave Budapest
News Hungary Finance: Moody’s Analytics to Provide Certification for Hungarian Mortgage Professionals
Moody's Analytics has announced the launch of the Certification of Professional Competence in Mortgage Lending in Hungary, in collaboration with the Budapest Institute of Banking (BIB) and the International Training Center for Bankers (ITCB). The certification program meets the requirements of
News Hungary Finance: Corrected: To your health! Romania, Hungary push for brandy rights ahead of EU vote
Romania and Hungary are pushing the EU to make it easier for orchard farmers to distil their own fruit brandy, a traditional practice in east and central Europe that is restricted in the bloc on health grounds. The former communist states, both of which have clashed with the EU over accusations of undermining
News Hungary Finance: BMW to go ahead with Hungary plant; Daimler postpones expansion in the country
with production leaders pressing for work to start while finance chiefs are worried about potential overcapacity in a downturn. BMW and Daimler are reviewing their production plans in Hungary due ...
News Hungary Finance: Hungary’s strongman, who echoes Trump’s rhetoric, will visit the White House
The Kremlin sees “lots of opportunities” for influencing institutions in Hungary, especially in finance, energy and law enforcement, said Hal Brands of the Johns Hopkins University’s School of ...
News Hungary Finance: To Your Health! Romania, Hungary Push for Brandy Rights Ahead of EU Vote
BRUSSELS — Romania and Hungary are pushing the EU to make it easier for orchard ... the issue will be discussed by EU finance ministers at a meeting on Friday, just ahead of European parliamentary ...
News Hungary Finance: Hungary will have to buy Russian natural gas if Exxon waits on offshore project -minister
HOUSTON, May 15 (Reuters) - Hungarian Foreign Minister Peter Szijjarto said on Wednesday his country would again turn to Russia for natural gas supplies if Exxon Mobil Corp has not decided by ...
