Hungary raised the equivalent of EUR.4. billion in foreign-currency bonds this week in one of the largest FX debt issuance in the country’s history. The move suggests the government expects the dispute with the European Union over funding to drag on. Hungary sold USD 2.25 billion in 10-year dollar bonds, USD 2 billion in 30-year […]

Despite lifting many of the pandemic-related restrictions, Hungary’s central budget posted a significant shortfall in May. Expenditures are mounting on a new set of measures to re-start the economy. In May, the central budget booked a deficit of HUF 269 billion, pushing the shortfall in the first 5 months of the year to HUF -1,312.6 […]