Hungarian central bank (NBH) at a regular policy meeting on Tuesday, hiked the base rate by 50 basis points to 2.9 percent.

Hungary-Russia trade increased by 51 percent last year and Hungarian exports rose by 15 percent, exceeding 2 billion USD – said Péter Szijjártó, Hungarian Minister of Foreign Affairs and Trade.

With the expansion of the Paks nuclear power plant and the realization of solar energy investments, Hungary will become fully self-sufficient in the field of electricity, which few countries can say about themselves, Foreign Minister Péter Szijjártó said on Monday at the Paks Nuclear Power Plant. The Paks Nuclear Power Plant is the first and onl

Hungarian oil and gas company MOL signed agreements with PKN Orlen and Grupa Lotos on the acquisition of 417 petrol stations in Poland for 610 million US dollars.

Hungarian MOL will buy Lotos petrol stations in Poland – Radio Zet reported on Sunday. According to unconfirmed information, the decision will be announced next week. Photo by Vit Simanek / PAP/CTK 

Hungarian Prime Minister Viktor Orbán announced on Wednesday the introduction of a six-month retail interest cap on mortgage-based loans.  Photo by VisionPics / Pixabay (JAP)

Due to higher than normal inflation in Hungary, the government in Budapest decided to increase pensions by as much as 5 percent. Pensioners will also receive the thirteenth pension, announced the Hungarian Minister for Family Katalin Novák on Sunday. Photo by Pixabay

A cap of 480 Hungarian forints ($1.50) per liter of fuel would go into effect nationwide November 15th, a reduction from the national average of 506 forints ($1.59) for gasoline and 512 forints ($1.61) for diesel.

Central Europe has benefited a lot from low taxes and “basing its policies on common sense” and has become one of the most attractive investment destinations in the world in recent years – said Péter Szijjártó, Minister of Foreign Affairs and Trade, on Monday at the Polish-Hungarian Business Forum in Budapest.

Wage growth in Hungary quickened to an annual 8.9 percent in August from 7.9 percent in the previous month, the Central Statistical Office (KSH) said on Friday.

Billion-dollar clouds, the continent’s biggest video game developer and a cyber defense buffer zone—how did Poland become the digital superpower of our region? Article by Barnabás Heincz from Hype and Hyper Magazine

In its latest World Economic Outlook, the International Monetary Fund (IMF) has raised its forecast for GDP growth in Hungary for this year to 7.6 percent.