Economy homes in on consolidation

Analysis

The condition of Hungarian markets has returned to a state not characterized by a direct risk of crisis said András Simor, president of the Hungarian National Bank (MNB), in London.

Reduction of inflation is more of a priority than promotion of growth. If the increase in wages exceeds the increase of productivity, the reduction of the base rate has to be stopped, he added.

The central bank and government differ on the issue of the forint rate. Joining the Eurozone will strongly affect the county’s development, opined former financial minister Lajos Bokros, who also warned about non-compliance with the Maastricht directives. Monetary policy must follow a strict curve without generating recession, László Karvalits, deputy chair of monetary bank stressed. (Gazdasági Rádió, Napi Gazdaság)

 

Hungary Needs Locally-produced Sustainable Energy Green Energy

Hungary Needs Locally-produced Sustainable Energy

Cabinet Approves Farmer Support Measures Government

Cabinet Approves Farmer Support Measures

Automotive Sector Output Edges up 1.6% in February Automotive

Automotive Sector Output Edges up 1.6% in February

Chresten Bruun Wins Expat CEO of the Year Award Awards

Chresten Bruun Wins Expat CEO of the Year Award

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.