Rate-setters of the National Bank of Hungary (NBH) on Tuesday kept the base rate on hold at 13.00%. The Monetary Council also decided at its policy meeting to keep the central bank’s O/N deposit rate at 12.50% and the O/N collateralised loan rate at 25.00%. The O/N deposit rate and the collateralised loan rate mark […]

The opposition Democratic Coalition (DK) has proposed allowing employers to provide employees with a utility bill benefit that would be exempt from taxes and contributions.

The average gross wage in Hungary rose by an annual 16.6% to 497,200 forints (EUR 1,200) in August, the Central Statistical Office (KSH) said.

Hungary’s cash flow-based budget deficit, excluding local councils, had a 2,691.7 billion forint (EUR 6.5m) deficit at the end of September, after running a 181.0 billion forint surplus for the month, the finance ministry confirmed in a second reading of data on Friday.

The Hungarian Chamber of Commerce and Industry (MKIK) has requested that the government should consider freezing the rate on corporate loans between 5-10% and introducing a repayment moratorium for existing floating-rate loans “as long as the economic situation warrants”.

The government plans to spend 71 billion forints (EUR 172m) between 2021 and 2027 for environmentally conscious green and blue infrastructure developments in small settlements, a cabinet official announced on Tuesday.

There is a service where winter tires cost up to 40 percent more, and the installation fee has also increased significantly.

Hungary’s government has decided to extend a temporary freeze of mortgage loan interest rates until June 30, 2023, the minister of economic development announced on Monday.