Hungary's government has unveiled what it dubs an "anti-war" action plan. The ambitious strategy, announced on Monday, aims to shore up the country's finances through a series of special taxes on banks, energy companies, and multinational firms. Prime Minister Viktor Orbán's administration is no stranger to unconventional economic measures. Once again, they've turned to their […]

The Budapest Stock Exchange's share index, the BUX, closed the week at an all-time high of 72,094.79 points, up 1715.87 points or 2.44%, MTI reported this Sunday along with a brief analysis of the week's trading. Total weekly turnover rose from HUF 55.49 billion to HUF 72.151 billion, with the leading shares, with the exception […]

The stock index of the Budapest Stock Exchange (BSE) rose on an upward trend this week, closing at a historic high of 70,378.92 points on Friday, up 1.21% to 842.36 points from a week earlier, MTI reported Sunday morning along with a brief analysis. The stock market turnover for the week was HUF 55.49 billion, […]

At its meeting on June 18, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 7.00%, lowering the two ends of the interest rate corridor by the same amount with effect from […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at a historic high of 69,879.43 points, up 2.91% on Friday, MTI reported this Sunday morning. The total turnover of the stock market decreased from HUF 93.818 billion to HUF 50.213 billion on a weekly basis. The leading shares rose during the week. […]

In a bold move signaling its commitment to national sovereignty, Hungary’s government has reclaimed Budapest Liszt Ferenc International Airport, the nation’s largest commercial airstrip. The state has officially repurchased the company managing the airport, according to a statement from the Ministry of Economy. The deal, valued at a whopping €3.1 billion (HUF 1.2 trillion), sees […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 67,906.51 points, down 939.62 points or 1.36% compared to last Friday, MTI reported Sunday morning along with a brief analysis of the week.. Total turnover on the stock market rose from HUF 59.450 billion to HUF 93.818 billion on a weekly basis. […]

The Hungarian banking system remains stable and its resilience to shocks is strong, but after last year's outstanding profitability, its profits will decline in 2024, Bálint Dancsik, head of the National Bank of Hungary's (MNB) Financial Stability Report, said on Tuesday. Last year's outperformance in profitability was mainly due to the high interest rate environment […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 68,846.13 points, up 757.89 points or 1.11% on the previous Friday, MTI reported Sunday morning with a brief analysis of the week’s trading. Although only four trading days were held during the week due to the Pentecost holiday, the total turnover of […]

In a move mirroring April's decision, the National Bank of Hungary once again trimmed key interest rates by 50 basis points this week. However, the monetary policy outlook beyond June remains clouded in uncertainty, with the central bank's cautious and patient approach suggesting a narrowing margin for further easing maneuvers. One more rate cut is […]

At its meeting on May 21, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut central bank interest rate by 50 basis points to 7.25%. The MNB says in a press statement that its primary objective is to achieve and maintain price […]

The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 68,088.24 points on Friday, 1,113.71 points, 1.61 percent lower than a week earlier, MTI reported Sunday morning along with a brief analysis of the week's trading. The stock market turnover for the week was HUF 49.84 billion, down from HUF 59.47 […]

The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 1.76% this week, or 1,199.71 points, compared to last Friday's close, to close at 69,201.95 points, a new all-time high, MTI reported this Sunday morning. Total turnover rose from HUF 46.306 billion to HUF 59.474 billion on a weekly basis. All the leading shares […]

The Budapest Stock Exchange's (BSE) share index, the BUX, closed the week up 1.44%, or 962.94 points, on last Friday at 68,002.24 points. Total turnover fell from HUF 67.084 billion to HUF 46.306 billion on a weekly basis, but there were only four trading days due to the May 1 bank holiday. All the leading […]

In the latest quarterly review, Hungary's economic performance fell short of analysts' projections, underscoring the challenges of a gradual recovery from a protracted recession that continues to pressure the nation's fiscal framework. According to data released by the Budapest-based statistics office this week, Hungary's Gross Domestic Product (GDP) increased by 1.1% on an annual basis […]