That would depend on whether you are subsidising a forint mortgage with your euro income or not.The article also implies that Goldman Sachs believes that the HUF will strengthen, which is also good for Euro-based investors who have purchased here.
Roll on the economic recovery ... it seems that "Budapest" is slowly swinging toward my way of thinking - Yes I know a long way to go .... ive always said that 2009 would be just the beginning, but from now up until EMU2 entry Hungary is the place to be invested in my view.
The economic cycle has reset and Hungary is set for second stage growth just as Czech Republic underwent over the last few years. It will be less dramatic due to the global economic environment, however I think that in the long run that will count in Hungarys favor - a longer sustained growth spurt would be just fine with me!
Hungary will lead the way out of recession as the world economy slumps Hungary will begin to look real good and thus will benefit from much needed inward investment.
This is all subject to the political decisions leading to economic growth.
It's a nationalist issue rather than a xenophobic one
A few weeks back, the Budapest Honvéd FC (footballclub from Kispest) direction told UEFA's Disciplinary Committee when they were questioned about the Gibor-Rune and Celtic Cross flags in the stadion and the Nazi salutes by the supporters: "It's just some folklore".
[broken link removed]
AS a matter of interest whats the problem with the celtic cross? I mean, I understand the problem with the nazi salute and I have never heard of the Gibor-Rune but is the celtic cross of some fascist symbolism?
AS a matter of interest whats the problem with the celtic cross? I mean, I understand the problem with the nazi salute and I have never heard of the Gibor-Rune but is the celtic cross of some fascist symbolism?
Variations of the Celtic cross or the sun cross (sun wheel) from which it is derived, have been adopted by some white nationalist, neo-Nazi and neo-fascist groups. Their version of the Celtic cross is used by these groups to symbolize the Aryan race. They usually use a simplified geometric variation of the design with simple lines, without any of the ornamental complexity of traditional Celtic crosses (sometimes with the arms not extending outside the circle).
The use of insignia of organizations that have been banned in Germany (like the Nazi swastika or the arrow cross) may also be illegal in Austria, Hungary, Poland, Czech Republic, France, Brazil, Russia and other countries, depending on context.
A few weeks back, the Budapest Honvéd FC (footballclub from Kispest) direction told UEFA's Disciplinary Committee when they were questioned about the Gibor-Rune and Celtic Cross flags in the stadion and the Nazi salutes by the supporters: "It's just some folklore".
Milltown. Just by the Dodder bridge. Now apartments - what isn'tWell they would say that wouldn't they...
Btw, does anyone remember the old Swastika laundry in Ballsbridge, that was still there in the late 80s?
Yes, and they've just become a packet more expensive for those whose income is forints.Many Hungarian mortgages are in Swiss Francs.
http://www.exchange-rates.org/history/HUF/CHF/G/180
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