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
A conservative economist contends that forex mortgages endanger European financial stability and calls for EU action to ease the burden on debtors. 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
The leading left-wing daily contends that despite the record low overall inflation rate, Hungarian families have to spend more on basic goods. A pro-government columnist, on the other hand, believes the low inflation rate proves that the government is on the right path. READ MORE
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit. READ MORE
A conservative pundit warns against a selective conversion of loans denominated in foreign currencies. He proposes that the National Bank should step in and offer part of its foreign currency reserves to convert all FX household loans into Forint credits. READ MORE
A centrist analyst asks if the government can avoid paying a heavy political price for its higher education reform and the communication strategy which surrounds it. READ MORE