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Government launches 3 percent fixed-rate business loan program

A new fixed 3 percent interest loan scheme with a maximum value of 150 million forints will be available to Hungarian small and medium-sized enterprises (SMEs) starting October 6, Prime Minister Viktor Orbán announced at a joint press conference with Chamber of Commerce and ...

Unemployment rate at 4.3%

In July 2025, the average number of employed persons aged 15–74 was 4 million 712 thousand. The number of unemployed persons was 211 thousand and the unemployment rate was 4.3%.

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SME rate freeze to end April 1

A rate freeze on SME credit will end on April 1, as lending rates are expected to fall under the 7.77 percent threshold set in November 2022, the national economy ministry said on Thursday.

Banks deny enhancing profits during wartime

The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures "in a disciplined and cooperative ...