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Tag: finance

OTP Bank Removed from Ukrainian Blacklist
CURRENT

OTP Bank Removed from Ukrainian Blacklist

OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from the list of international sponsors of the war, and stated that now they expect OTP Bank ‘to promptly adhere to the agreement.’

Ádám Bráder
—
03.10.2023
National Bank: Consumer Price Index Expected to Drop by 7–8 Per Cent
CURRENT

National Bank: Consumer Price Index Expected to Drop by 7–8 Per Cent

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect.

Ádám Bráder
—
03.10.2023
Prestigious Motor Racing Events May Be Held in Hungary Again
CURRENT

Prestigious Motor Racing Events May Be Held in Hungary Again

As reported on motogp.com, under the previously signed and now updated agreement, Dorna and HUMDA aim to have the Balaton Park Circuit included as a venue in the 2024 Superbike World Championship calendar, where it would serve as a reserve venue in the MotoGP programme. Starting from 2025, MotoGP races would be held at the Hungaroring.

Ádám Bráder
—
20.09.2023
Novák and Zelenskyy See Eye to Eye on Need for Cooperation, OTP Bank Could Be Removed from Ukrainian Blacklist
CURRENT

Novák and Zelenskyy See Eye to Eye on Need for Cooperation, OTP Bank Could Be Removed from Ukrainian Blacklist

President Novák and President Zelenskyy engaged in a fruitful one-on-one in Kyiv, which may pave the way for more constructive bilateral relations.

Ádám Bráder
—
24.08.2023
Measures Increase Interest toward Government Bonds
CURRENT

Measures Increase Interest toward Government Bonds

The Ministry of Economic Development said in a statement that the increased demand for government bonds has both directly and indirectly improved the government’s self-financing capability, reduced government interest expenditures, and managed to preserve the real value of citizens’ savings. Additionally, government measures have contributed to the fact that individuals are making more conscious decisions about their savings, turning towards higher-yielding assets in a high yield environment.

Ádám Bráder
—
23.08.2023
Mihály Varga Speaks of the Importance of Financial Independence
CURRENT

Mihály Varga Speaks of the Importance of Financial Independence

The minister reminded all that the independent Hungarian Ministry of Finance was the first lasting success of the revolution. In April 1848, Lajos Kossuth began working on the establishment of the ministry, and it started its operations in May of that year.

Ádám Bráder
—
11.07.2023
The European Commission Releases New Report on the Rule of Law in Hungary
CURRENT

The European Commission Releases New Report on the Rule of Law in Hungary

The controversial document highlights the ongoing concerns of the EU Commission regarding the rule of law in Hungary. While the country has introduced legislative reforms and anti-corruption measures, there are persistent challenges in areas such as judicial independence, media pluralism, legal certainty, and civil society rights.

Ádám Bráder
—
06.07.2023
Mihály Varga: The 2024 Budget is a Defence Budget
CURRENT

Mihály Varga: The 2024 Budget is a Defence Budget

The 2024 budget is a defence budget because during times of war, Hungary needs a budget that guarantees its security, protects families, pensions, jobs, and reduces utility costs, the Hungarian finance minister stated in parliament on Tuesday.

Ádám Bráder
—
14.06.2023
Soros NGO Network Taken Over By 37-Year-Old Alex Soros
CURRENT

Soros NGO Network Taken Over By 37-Year-Old Alex Soros

Alex Soros will be heading the Open Society Foundations from now on, taking the position over from his 92-year-old father, George Soros. In a recent interview, the new chair claimed he is ‘more political’ than his father, and that he will make abortion and voting rights his top priorities.

Márton Losonczi
—
13.06.2023
Péter Szijjártó Holds Talks with Egyptian Counterpart
CURRENT

Péter Szijjártó Holds Talks with Egyptian Counterpart

During a joint press conference with his Egyptian counterpart, Sameh Shoukry, Péter Szijjártó emphasised that the relationship between the two countries has always been based on mutual respect, and Hungary greatly benefits from it in terms of security and economy.

Ádám Bráder
—
31.05.2023
The Future of Racing in Hungary: The Balaton Park Circuit Unveiled
CURRENT

The Future of Racing in Hungary: The Balaton Park Circuit Unveiled

The brand new modern racetrack at Lake Balaton is ready to host any motorsport event except for Formula 1 and MotoGP races.

Ádám Bráder
—
18.05.2023
OTP Bank’s Ukraine Saga
POLITICS

OTP Bank’s Ukraine Saga

Despite OTP’s continued support of Ukraine, the Ukrainian National Agency on Corruption Prevention has recently classified the Budapest-based bank as an ‘international war sponsor’ for not shutting down its Russian subsidiary.

Lili Zemplényi
—
08.05.2023
Budapest Municipal Assembly Adopts ‘Survival Programme’, Karácsony Blames Government for Financial Woes
CURRENT

Budapest Municipal Assembly Adopts ‘Survival Programme’, Karácsony Blames Government for Financial Woes

The ‘survival programme’ was approved with 18 votes in favour and 12 abstentions. As a result, the city will take out a 16.6 billion forint loan for project development in 2023. The loan is going to match the support provided in EU funding, central budget allocations and loans granted by the European Investment Bank.

Ádám Bráder
—
26.04.2023
The History and Role of the International Investment Bank and Its Demise
POLITICS

The History and Role of the International Investment Bank and Its Demise

Hungary has recently announced that it is leaving the International Investment Bank, soon after the US Treasury imposed sanctions on the IIB and its leadership. But what is the story behind this controversial financial institution and what led to its demise?

Lili Zemplényi
—
26.04.2023
Corvinus University Receives BSIS Certification
CULTURE & SOCIETY

Corvinus University Receives BSIS Certification

Corvinus University of Budapest is the only institution in Hungary to have been awarded the international BSIS certification for its contribution to local and regional socio-economic development.

Ádám Bráder
—
14.04.2023
Minister of Finance: government securities are booming
NEWS

Minister of Finance: government securities are booming

While in 2010 only three percent of the national debt could be covered by government securities, today this rate stands at around 25%.

Hungarian Conservative
—
12.04.2021

Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.

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