The Hungarian housing market has recently undergone a change that aims to make it more customer friendly. The impact of the changes will significantly influence the housing sector on both an individual and governmental level. In its search for increased efficiency, Hungary plans to redefine what it means to be a customer-friendly market. The following […]
As the Hungarian economy continues to grow and develop, it has increasingly relied on foreign currency loans to fund its development projects and infrastructure improvements. In 2023, it is expected that Hungary will take on a significant amount of these loans to meet the growing population and economic demands. In this article, we will explore […]
A Hungarian economic news website reported that Hungary is facing serious financial challenges due to a wage-price spiral that started in the fall of 2022 and is not expected to end soon. Additionally, the Hungarian News Agency mentioned that the average wages in the country had significantly increased in October. A phenomenon of a continual […]
Exchanging currencies to borrow is a complex task, especially in countries with unstable economies. One option that can be used is a foreign currency loan. With their low-interest rates and ease of securing collateral, many people consider this option to finance their travel abroad or make small business investments abroad. This article covers several tips […]
The Euro isn’t exactly a strange thing in Hungary. The nation is actually home to hundreds of thousands of individuals who have been using the currency for a while now. Note, though, that these persons do not all reside in Hungary permanently. They in certain cases own residential properties that are located within the country, […]
A dutch Advisory Council consisting of epidemiologists has been proposing the reintroduction of another closure in West-Europe since the beginning of summer. The Advisory Council would put pressure on the Dutch government to take unpopular and drastic measures in order to overcome the coronavirus epidemic. Mark Rutte’s government will decide on what actions to take […]
The chances of stagflation in China are high, with the rise of producer prices and energy supply deficit making economic activities lag behind. Stagflation is the phenomenon when an economy’s productivity does not grow, whilst inflation remains high. It usually occurs in times of supply shocks. It was first identified on a wider scale in […]
More than 250 thousand fewer automotive products were manufactured this year in The Czech Republic, causing an estimated 200 billion koruna loss for the Czech automotive industry. The announcement makes it known that in the first nine months of the year, the car companies of The Czech Republic produced exactly 831 653 passenger cars, 2.9 […]
On Wednesday, details regarding the credit moratorium appeared. In the enactment, an important change was introduced. In the cases of retail credit cards and overdraft credit, instead of higher interest rates, the clients will only have to pay a smaller amount, typical for personal loans. This would mean, that an estimated five hundred thousand affected […]
The government made another four decisions on the proposal of the operational department, which is responsible for relaunching economic growth, in order to improve the competitiveness of companies as well as to develop infrastructure and transport – as said by Péter Szijjártó, the Minister of Foreign Affairs and Trade, on MTI. The minister recounted that […]
