This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information and to register for specific events, visit the website of the organizing chamber. If you have information for inclusion on this page, send an email in English to Annamária Bálint at annamaria.balint@bbj.hu
The debate between the Finance Minister and the Hungarian National Bank Governor at the 61st Economists' Meeting included critical remarks from both sides.
According to a study released in June, the National Bank of Hungary (MNB) is set to post losses of up to HUF 2 trillion-2.4 tln (EUR 5.3 billion-6.4 bln) this year. That is the equivalent of 2.5% of GDP or half the cost of the Paks II nuclear power station project, weekly HVG wrote last month.
The government majority has passed the country’s annual budget amidst widespread criticism from the political opposition and numerous doubts voiced by market analysts. The plans predict that 2024 will see a significant rebound from the depths of the current year; however, concerns abound that structural issues dragging over from 2023 will weigh heavily, and the government appears to have made its calculations through rose-tinted glasses, according to its critics.