Hungarian economy faces weak growth, slow path to price stability, central bank report shows

Hungarian economy faces weak growth, slow path to price stability, central bank report shows

Hungary's economy continues to struggle with weak momentum and only a gradual improvement in inflation, the National Bank of Hungary said in its latest Inflation Report.

Hungarian local governments can make property purchases more difficult for foreigners from today

The controversial new “Local Identity Act” introduced by the Hungarian government has sparked widespread concern, with many fearing that municipal involvement in property sales could drive down real estate values—even in the country’s most desirable housing markets, such as Budapest’s suburban belt and the Lake Balaton region. However, several mayors have indicated they are reluctant to exercise these new powers due to public backlash. The major…