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The forint is getting increasingly worse, falling to 365.
Featured Analysis

The forint is getting increasingly worse, falling to 365.

The forint’s trading on Thursday initially stabilized, but the exchange rate weakened throughout the day due to the international mood and expectations regarding US labor market data. Important factors include the US-Iran negotiations, the price of oil, and expected interest rate changes by the Japanese and US central banks. The KSH’s unfavorable industrial and retail data also affected the forint, while demand for Hungarian government bonds remained stable.

Latest Dispatches

Visa announced a reduction in its workforce, affecting thousands of employees. befektetes-bank

Visa announced a reduction in its workforce, affecting thousands of employees.

Visa is planning to eliminate approximately 2,600 jobs as its CEO, Ryan McInerney, aims to increase efficiency in the increasingly competitive market for payment services, according to Bloomberg. The company’s stock price rose by approximately 1.4% before the opening.

Portfolio.hu - Bank
The European Commission wants a new financial system, and the first ideas have emerged. befektetes-bank

The European Commission wants a new financial system, and the first ideas have emerged.

The flexible banking sector is essential for economic growth in the European Union. However, according to a recent assessment by the Commission, despite the reforms, the fragmentation and bureaucracy of the system have made it more difficult for banks to operate. This hinders technological development and investment. Brussels is working on a comprehensive reform package to remove bureaucratic obstacles, simplify cross-border operations, and rethink the deposit insurance system.

Portfolio.hu - Bank