Elections to the European Parliament (EP) will be held in Hungary this Sunday, and polls suggest that the governing Fidesz party will once again gain the upper hand against a fragmented opposition, achieving more than half of the 21 seats at stake.
Vodafone demonstrated the capabilities of Budapest’s first permanent 5G base station on Thursday with a video call between two 5G handsets and a car driven remotely via a 5G connection. The call was Hungary’s first 5G mobile connection on its own licensed frequency.
With the February core inflation accelerating to a six-year-high of 3.5%, and headline inflation being one percentage point above the mid-term goal of 3%, the National Bank of Hungary (MNB) is closer than ever to the start of a normalization process.
The shock-absorbing capacity of Hungarian banks “continues to be robust,” but sustainable profitability is low, the National Bank of Hungary (MNB) says in its biannual Financial Stability Report released Thursday, identifying the still high ratio of variable-rate loans and overheating on the Budapest housing market among risks.
Among EU member states, Hungary recorded the highest rate of increase (113%) in the number of residence permits granted to non-EU citizens in 2017, with the stock of valid permits granted standing at 117,026, according to EU statistical agency Eurostat. The highest numbers were issued to citizens of China, Ukraine and Russia.