The forint is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II stabilisation of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible. In May 2022, inflation reached 10.7% amid the Russian invasion of Ukraine and economic uncertainty. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the current government there is no target date for adopting the euro.
Child benefit or children's allowance is a social security payment which is distributed to the parents or guardians of children, teenagers and in some cases, young adults. Countries operate different versions of the benefit. In most child benefit is means-tested and the amount paid is usually dependent on the number of children.
Birth rate, also known as natality, is the total number of live human births per 1,000 population for a given period divided by the length of the period in years. The number of live births is normally taken from a universal registration system for births; population counts from a census, and estimation through specialized demographic techniques. The birth rate is used to calculate population growth. The estimated average population may be taken as the mid-year population.
A child tax credit (CTC) is a tax credit for parents with dependent children given by various countries. The credit is often linked to the number of dependent children a taxpayer has and sometimes the taxpayer's income level. For example, with the Child Tax Credit in the United States, only families making less than $400,000 per year may claim the full CTC. Similarly, in the United Kingdom, the tax credit is only available for families making less than £42,000 per year.
The Canada Child Benefit (CCB), previously the Canada Child Tax Benefit (CCTB), is an income-tested income support program for Canadian families. It is delivered as a tax-free monthly payment available to eligible Canadian families to help with the cost of raising children. The CCTB could incorporate the National Child Benefit (NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental or physical disabilities.
In 2004, the New Zealand Labour government introduced the Working for Families package as part of the 2004 budget. The package, which effectively commenced operating on 1 April 2005, had three primary aims: to make work pay; to ensure income adequacy; and to support people "into work".
A two-child policy is a government-imposed limit of two children allowed per family or the payment of government subsidies only to the first two children.
Ildikó Bánsági is a Hungarian actress, Kossuth Prize and Jászai Mari Award winner, member of the Halhatatlanok Társulata, full member of the Magyar Művészeti Akadémia.
Hungary was represented at the Eurovision Song Contest 1994 with the song "Kinek mondjam el vétkeimet?", written by Szilveszter Jenei, and performed by Friderika Bayer. The Hungarian participating broadcaster, Magyar Televízió (MTV), selected its entry through a national final. This was the first-ever entry from Hungary in the Eurovision Song Contest, and the first-ever entry performed in Hungarian in the contest, after MTV was unable to debut in the previous contest by failing to pass the qualifying round.
Pensions in Spain consist of a mandatory state pension scheme, and voluntary company and individual pension provision.
Géza Kresz of Szemlőhegy was a Hungarian physician, founder of the Budapest Voluntary Ambulance Society and the Pest Skating Club.
Child benefits in the United Kingdom are a series of welfare payments and tax credits made to parents with children in the UK, a major part of the welfare state.
Taxation in Hungary is levied by both national and local governments. Tax revenue in Hungary stood at 38.4% of GDP in 2017. The most important revenue sources include the income tax, Social security, corporate tax and the value added tax, which are all applied at the national level. Among the total tax income the ratio of local taxes is solely 5% while the EU average is 30%.
Orbanomics is the name given to the economic policies of Hungarian prime minister Viktor Orbán and his government since it took power in 2010.
Zsolt Felcsuti is a Hungarian-born industrial investor and the major shareholder of the MPF Industry Group. He is also Co-President of the Confederation of Hungarian Employers and Industrialists. According to Forbes magazine, he is the 2259th richest person in the world with net worth of 1.2 billion USD.
Hell Energy Drink is a popular energy drink brand distributed primarily in Europe and Asia. The brand was initiated in 2006 by a privately owned company, founded in Hungary, 2004, which took the name "Hell Energy Magyarország Kft." in 2009. Within three years it became the market leader in Hungary. A major milestone for the brand's popularity was a two-year sponsorship deal with the AT&T Williams Formula 1 Team, where Hell Energy became second in the energy drink sector to enter the world of Formula 1 Racing. Hell Energy is now also a market leader in Bulgaria, Romania, Slovakia, Cyprus, Azerbaijan, North Macedonia, Greece, Croatia and Serbia and is available in more than 50 countries worldwide. Hell produces the energy drink Speedstar for NORMA supermarkets. Hell Energy has headquarters in Hungary, Romania, the United Kingdom, Russia and also in Cyprus.
Primor is a Hungarian title of nobility of Székely origin. It was the highest-ranking title in Székely aristocracy, and is usually compared in rank with the Western titles of count and baron. Synonyms sometimes found in older sources are főnemes, főúr, or főszékely
Lőrinc Mészáros is a Hungarian businessman, and former politician, who served as Mayor of the Hungarian village Felcsút between 2011 and 2018. With an estimated wealth of 436 billion forint ($1.3 billion) as of 2022, he is, according to Forbes, the third richest person in Hungary. Several media outlets refer to him as "oligarch".
The United States federal child tax credit (CTC) is a partially-refundable tax credit for parents with dependent children. It provides $2,000 in tax relief per qualifying child, with up to $1,600 of that refundable (subject to a refundability threshold, phase-in and phase-out). In 2021, following the passage of the American Rescue Plan Act of 2021, it was temporarily raised to $3,600 per child under the age of 6 and $3,000 per child between the ages of 6 and 17; it was also made fully-refundable and half was paid out as monthly benefits. The CTC is scheduled to revert to a $1,000 credit after 2025.
The House of Monok, alternatively spelled Monaky, Monoky, or Monoki was a Hungarian noble dynasty which held power from the 13th century until the 17th century. The earliest ancestors of the House of Monok are of the Clan of Bogát, founded in the late 9th century. The Bogátradvány genus are the predecessors of the Monoky along with other Hungarian noble families, including the House of Rákóczi.
