Government to discuss FX car loan assistance in late August

Deals

The Hungarian government is expected to discuss a proposal to assist borrowers with foreign currency-denominated car loans at a cabinet meeting at the end of August, National Economy Minister Mihály Varga said yesterday according to Hungarian news agency MTI. 

The ministry will present two versions of the proposal to the government, both involving the conversion of the loans into forints, Varga said. The government announced plans to assist borrowers with FX car loans in July.

Hungarians have more than 200,000 FX vehicle and personal loan contracts with a value of almost HUF 300 bln. Some 30,000 of these borrowers also have a mortgage, which presents risk of cross-contamination.

Serbia Inflation Close to 3-year Low in May Figures

Serbia Inflation Close to 3-year Low in May

Karácsony Calls for Budapest Mayoral Election Repeat Elections

Karácsony Calls for Budapest Mayoral Election Repeat

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.