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Tag: finance

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

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

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

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

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.

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

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

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

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.

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%.

Tag: finance

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