Debate on Hungarian ’Bank Tax’, Pros and Cons

"The special tax to be levied on domestic financial institutions, at the extent planned by the government, can reduce the domestic banking system's ability to attract capital and lend.

GKI’s Economic Sentiment Index Continued its Rise in June

According to a survey conducted by GKI Economic Research Co. with the support of the European Union, this is the result of a significant increase in the consumer confidence index.


International news sources report on Hungarian business and economy.


Recommended read for the week: COLD WAR BROADCASTING - IMPACT ON THE SOVIET UNION AND EASTERN EUROPE. A Collection of Studies and Documents

Government to Use Rest Of IMF Support Package for Troubled Borrowers

The government will start talks with the International Monetary Fund (IMF) this week.

Monetary Council Decides to Leave Central Bank Rate Unchanged

At its meeting on June 21, 2010 the Monetary Council of the Magyar Nemzeti Bank left the 5.25pct central bank base rate unchanged.

Hungary's New Fidesz-led Government Officially Takes Office

Hungary's new Fidesz-led government officially took office on May 29 following parliament's election of Fidesz leader Viktor Orban as prime minister, and President Laszlo Solyom's formal appointment of the government's nine ministers.

OECD Predicts 2010 GDP Growth of 1.2 pct, Government Deficit of 4.5 pct

The OECD said that the initial success in reducing public expenditure growth has increased investor confidence in Hungary, contributing to a relatively stable forint and reduced spreads on government and corporate bonds.


International news sources report on Hungarian business, energy and economy.

Monetary Council Leaves Central Bank Base Rate Unchanged

At its meeting on May 31, 2010, the Monetary Council of the Central Bank left the central bank base rate unchanged at 5.25 pct, as expected.

News Monitoring