Forint

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Forint

The currency of Hungary. It was issued in 1946, not long before Hungary became a communist country. It was an inconvertible currency until the fall of the Iron Curtain, when Hungary transitioned to capitalism. It dealt with high inflation in the 1990s but stabilized afterwards.
References in periodicals archive ?
But the city and the companys milk-producing owners joined forces, and today the milk plant is once again a determining part of the citys food industry, he explained, adding that the local government has provided 120 million forints in funding towards the investment, which is creating 181 new workplaces.
With relation to the development of the small and medium-sized enterprise (SME) sector, the Minister told reporters that Eximbank has provided 300 billion forints (EUR 920 million) in loans to Hungarian enterprises in the interests of improving competitiveness.
According to the Minister, in January-April 2019 the budget was able to settle accounts with relation to 305.9 billion forints (EUR 943 million) in EU revenues, while expenditure was 489.3 billion forints (EUR 1.5bn).
Thanks to the abolition of tax prepayments, businesses will be able to use some 170 billion forints (EUR 519 million) for an extra five months.
Banks must pay the 7 percent charge in forints by December 20 this year.
The European Commission examined several forms of state financing handed over to the airline, which added up to $257 million worth of Hungarian forints as well as 76 million euros.
The firm will remain under state control for up to two years while there still is an emergency on the ground and during relief efforts, which would cost tens of billions of forints or tens of millions of dollars, he added.
The price for the 400,000 shares in the domestic tranche of the offer was set at 2,700 forints ($11.44), with the shares being offered to Hungarian retail and institutional investors.
The tax revenues would be distributed to local Hungarian productions through the National Cultural Foundation, which last year gave 3 billion forints (U.S.$14 million) to various artists.
In dollar terms, rents in downtown Budapest fell slightly to $33.88 PSF, but the national economic restructuring plan resulted in a 36 percent drop in the value of the Hungarian Forint against the German Deutsche Mark, the currency to which rental rates in prime buildings are generally linked, causing sharp rent increases (for those converting Forints to DM).
is establishing its first development centre outside the United States here in Hungary with an investment of 2 billion forints (EUR 6.14 million).
Deufol will be constructing one of Europes most modern packaging and logistics centres in Debrecen with funding from the Government and an investment of 7 billion forints (EUR 21.7 million), and the new facility will also serve as the German companys regional centre in Southeast Europe, Minister of Foreign Affairs and Trade Pter Szijjrt announced at a press conference in Budapest on Thursday evening.