As two out of the ‘big four’ upgrade Hungary’s credit rating outlook to positive, commentators ponder the prospects of a future upgrade of Hungarian sovereign debt to investment grade. READ MORE
As Christian Democrat MPs table a new bill on family insolvency, a liberal columnist fears that even this scheme will not bail out families in extreme need. A conservative commentator on the other hand believes that the government is offering effective help for all different types of debtors, to save them from eviction and the loss of their property. READ MORE
In a comment on the shock caused by the decision of the Swiss National Bank to lift the currency cap which pegged the Swiss Franc to the Euro, commentators on both Left and Right praise the government’s earlier decision to convert FX mortgages into Forint loans. READ MORE
Commentators welcome the government’s decision to convert FX mortgages into Forint loans at market rates. READ MORE
As Parliament passes the law on foreign currency loans and PM Orbán announces a new era of ’fair banks’, the leading left-wing daily calls for an era of fair politics. A conservative columnist on the other hand, welcomes the idea of a more regulated financial system that would be more in line with national interests. READ MORE
As the government promises to convert FX loans into Forint credit by the end of the year, analysts wonder how the conversion could and should be carried out. READ MORE
As two-thirds of banks in Hungary report a profit in 2013 after two years of losses, a conservative columnist points out that contrary to the predictions of left-wing critics of the government, taxes levied on banks have not undermined their profitability. The leading left-wing daily, on the other hand, warns of the low volume of lending. READ MORE
The leading left-wing daily accuses National Bank chief Matolcsy of compromising judicial independence and the rule of law by calling for retroactive legislation in order to abolish FX loans. A pro-government commentator welcomes the government’s efforts to strengthen Hungarian owned banks. READ MORE
Analysts across the political spectrum ponder the possible implications of the National Bank’s extended lending program, which aims to stimulate economic growth. READ MORE
Heti Válasz argues that Hungary is actually not losing money by financing her deficit from the market, rather than from the IMF credit line. READ MORE