Inflation
Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average inflation in 2023 will not be higher than 19%.
The post Expected yearly average inflation in Hungary in 2023 appeared first on Helpers Finance.
As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card for buying groceries. This way you as an employer can also provide better fringe benefits to your Hungarian employees.
The post Better fringe benefits for your Hungarian employees in 2023 appeared first on Helpers Finance.
As another measure aiming to reduce inflation, Hungary is now introducing mandatory discounts for retail stores selling food, groceries, and the like. The first discounts under this scheme must start on 1 June 2023. Will this affect your business? Read on to find out.
The post Mandatory discounts to fight inflation in Hungary appeared first on Helpers Finance.
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support small businesses. However, they might not be as beneficial as intended.
The post New price control measures introduced in Hungary to ease inflation appeared first on Helpers Finance.
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
The post Inflation decreasing, core inflation increasing in Hungary in Q1 2023 appeared first on Helpers Finance.
When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger, with just a relatively small hitch in exchange rates in the middle of March. EUR exchange rates EUR is currently around HUF 380, as has …
The post HUF getting stronger at the end of Q1 2023 appeared first on Helpers Finance.
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry in the U.S., there is a worry that the even can start a domino effect. There is already a ripple effect observable globally – will it wear off before it leads to a new recession?
The post Uncertainties in the banking world – is 2008 repeating? appeared first on Helpers Finance.
The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option in the current financial environment.
The post Is the loan of the Széchenyi Card Program a good option for your small business? appeared first on Helpers Finance.
Last week the Hungarian National Bank (MNB) held a press conference about economic expectations in Q1 2023 and the measures it is taking to counter inflation and moderate foreign exchange rates. They are continuing the implementation of a tight monetary policy until more encouraging economic trends are detected.
The post How long will the MNB keep up the tight monetary policy in 2023? appeared first on Helpers Finance.
Are you running a business in Hungary? Get familiar with the latest statistics and projections regarding GDP and inflation in Hungary in 2022 and 2023 based on the latest data.
The post Inflation in Hungary – what to expect in 2023 appeared first on Helpers Finance.