Economy

The forint traded at 420.17 to the euro around 5:30 in the evening on Monday, recovering after slipping as far as 425.96 in the afternoon, a new low.

Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13%. The rise followed a 100 bp hike at the policy meeting in August. The Council also decided on Tuesday to raise the O/N deposit rate by 125 basis points to 12.50%, and the O/N and one-week collateralised loan rates […]

In Hungary, the highest food inflation in the Union was measured in August compared to a year ago: bread, meat, cheese, and many basic foods rose in price the most in our country.

The European Parliament has approved European regulations on the minimum wage, opposition Democratic Coalition MEP Klára Dobrev said on Wednesday.

Hungary’s government has mandated public institutions and state-owned companies to cut their gas consumption by 25% as an energy-saving measure, the prime minister’s chief of staff has said.

In August, consumer prices were on average 15.6 percent higher than a year earlier, and increased by 1.8 percent in one month, the Central Statistical Office (KSH) reported on Thursday.

Russia’s Gazprom will deliver up to a daily 5.8 million cubic metres of natural gas on top of the volumes outlined in a long-term agreement between Hungary and Russia via Serbia in September and October, the foreign minister has said.

Hungarian rate-setters raised the central bank’s base rate by 100 basis points, to 11.75%, at a regular policy meeting on Tuesday.