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Hungary’s Central Bank Hikes Rates as Governor Lambastes Economic Policy

Aug 26, 2021

The National Bank of Hungary delivered its third interest rate hike in as many months as monetary policy makers seek to slow the rate of price increases. Meanwhile central bank Governor György Matolcsy berated the government’s economic policy and called for a turnaround in competitiveness. The Monetary Policy Council of the National Bank of Hungary […]

Zwack Unicum Plc. CEO Frank Odzuck (on the left) with State Secretary Levente Magyar

Zwack Unicum Receives Government Subvention

Jun 11, 2020

As an extraordinary announcement, Zwack Unicum Plc. has reported on the website of the Budapest Stock Exchange that is has receives subvention from the government to increase competitiveness. The Zwack Unicum Public Limited Company inform "its distinguished Investors" that the Hungarian Ministry of Foreign Affairs and Trade (KKM) awarded the company a non-repayable subvention to […]

Hungary Moves Higher in Global Competitiveness Ranking

Oct 9, 2019

Hungary is the world’s 47th most competitive economy, according to the global competitiveness ranking of 141 countries published by the World Economic Forum (WEF). The country moved on spot higher from last year’s 48th place in the list, which continues to be topped by Singapore, followed the U.S. and Hong Kong, state news agency MTI […]


National Bank competitiveness report

Oct 30, 2017

The National Bank of Hungary has published its latest competitiveness report in order to analyse, examine and evaluate Hungary’s competitiveness and to explore the possibilities of further progress with over a hundred indicators.

Hungarian Parliament

Hungary further slips in competitiveness

Sep 5, 2013

Hungary ranks 63rd - three places worse than last year - on the World Economic Forum’s Global Competitiveness Index (GCI 2013-2014), which features a record number of 148 economies. This puts Hungary to the 24th place in the 28-member EU.

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