Hungary

2018 Hungary Global Money Week

LEADING ORGANIZATIONS:

  • Ministry of Human Capacities, Ministry for National Economy, Money Compass Foundation, Central Bank of Hungary, Hungarian Banking Association, Junior Achievement Hungary

PARTICIPATING ORGANIZATIONS:

  • BNP Paribas Personal Finance, Budapest Bank, Budapest Stock Exchange Ltd, CIB Intesa Sanpaolo, ERSTE Bank Hungary Zrt, FHB, Fundamenta Lakáskassza, K&H, MagNet Magyar Közösségi Bank, Magyar Cetelem Bank, Magyar Fejlesztési Bank, Magyar Közgazdasági Társaság, Magyar Takarékszövetkezeti Bank, MKB Bank Zrt, OTP Bank, OTP Fáy Foundation, Raiffeisen Bank Zrt, UniCredit Bank Hungary Zrt, University of Miskolc, 1,262 schools, 16 media companies, 76 corporate companies

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 218 000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 500 000

Ministry of Human Capacities
The number of participants in Hungary’s GMW celebrations significantly increased since GMW2017. During the Week, more than 200,000 students attended 14,700 classes on smart borrowing and entrepreneurship. This year, much of the content was converted into digital form, making the short videos, e-learning materials, webinars available to even more students and teachers. Hungary’s GMW2018 Opening Ceremony was held at the Ministry for National Economy. In addition to the speeches delivered by the organizers, a performance by young students was also part of the program. Simultaneously, lessons on finance and economy were given across the country improving students’ financial literacy. This year, the topics covered in the program of events expanded to include entrepreneurship. As a result, in addition to smart ‘borrowing’, sessions on developing entrepreneurial skills and experience-based introductions of entrepreneurship also took place in schools. The program series focused on lessons about finance in primary and secondary schools across Hungary. The organizers of the Week provided the necessary resources for the participating schools. The 1700 teachers that signed up will give a total of 14,670 lessons in the subject of finance and/or entrepreneurship to 203,726 students. The teaching materials were developed by teachers, with interactive elements added for three age groups across grades 5 to 11. Volunteers from banks and enterprises attended the lessons to offer experience examples to the students. In addition to the classroom-based events, several additional events were held throughout the Week. Firstly, an online Stock Exchange game, designed in cooperation with the Budapest Stock Exchange, introduced students to the secrets of the stock exchange. A select group of students also had the opportunity to visit the Stock Exchange itself. The PontVelem Kft organized the BanVelem competition, a competition centered around the theme of finance. The best nine teams will compete in the finals in front of a prestigious jury. The winners will be rewarded with the PénzOkos Cup in 2018. University students had the opportunity to participate in an all-day professional program in addition to a conference at the University of Miskolc. Although GMW is held in March, celebrations in Hungary continue throughout the spring. Since the pilot was launched in 2015, more and more students, teachers and schools have learned about the event series year by year and, based on feedback, the campaigns visibility and recognition is increasing.


2017 Hungary Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

    Corporate companies:
  • 68
    University:
  • University of Miskolc
    Schools:
  • Primary schools: 721
  • High schools: 370

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 166 048

In 2017 Hungary celebrated its national money week for the first time within the framework and in coordination of the Global Money Week. The objective of Pénz7 is to encourage young people to handle their financial affairs more consciously, and to be more familiar with the way the economy and the financial world function. The programme is supported by ministries and financial market participants.

This year, the financial subjects of the programme were expanded by the topics connected to entrepreneurship. As a result, in addition to smart ‘banking’, which is the financial topic of the year 2017, entrepreneurs’ competence development and the experience-based introduction of entrepreneurship were also emphasized in the Week’s activities. Most of the activities of the programme included a series of lessons on the subject of finance in numerous primary and secondary schools in Hungary. The teaching materials were developed by teachers, with interactive methodological elements for three age groups (grades 5-6, 7-8 and 9-11). The lesson plans, video clips developed during the preparation phase and the preparation session offered further aid to teachers and volunteers. The highlighted content elements of this year were cash handling and the use of a bank account, as well as familiarising the age group with the available facilities.

The opening ceremony was held at the compelling building of the Ministry for National Economy on 6 March 2017. Apart from the speeches delivered by the organisers, a performance by young students was also part of the programme. At the same time of the opening event, lessons on finance and economy were given across the country improving students’ financial literacy.

Moreover, numerous side-events were held, including an online Stock Exchange game that introduced the students to the secrets of the stock exchange, in cooperation with the Budapest Stock Exchange. Organised by the PontVelem Kft, the finals of the BanVelem competition showed who will be awarded with the PénzOkos Cup in 2017. University of Miskolc also held an all-day professional programme as well as a conference.

More than 11 000 events were conducted throughout the Week in Hungary, reaching more than 166 000 children through primary and secondary schools all over the country.


2016 Hungary Global Money Week

LEADING ORGANIZATIONS:

  • Budapest II. Kerületi II. Rákóczi Ferenc Gimnázium (II. Rakoczi Ferenc Secondary School

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 1 000

TOTAL INDIRECT REACHED:

  • 550

This year, II. Rakoczi Ferenc Secondary School in Budapest had a topic-based program for GMW. This included a number of topic-related lessons held by teachers exploring themes such as the history of money in different countries, budgeting and saving money, countries of the Eurozone, the financial crisis, financial policies of the EU, the theme of money in songs, the costs of living in various countries, strategic planning in entrepreneurship and more. The science department decided to have lessons about the importance of saving water, as World Water Day was also very close. Mathematics teachers held financial quizzes in eight different classes and an art competition was held in eight classes where students had to design future Hungarian Euro banknotes as well as an essay competition in four classes about the individual responsibility of people in combating climate change by saving energy and water. The Physics department organized its annual visit to Paks Nuclear Power Plant during GMW, so that students could learn more about nuclear energy, too.

Some parents were also involved in the GMW event. There were four financial education lectures held by volunteering parents, including: a broker, who shared his experiences of getting where he is today; a banker, who answered students’ questions about every-day money matters; an economist, who regularly visits high schools with his lecture on basic concepts of economics, finance and entrepreneurship; an environmentalist, who held an interactive lesson in English about environment protection.

The week was preceded by a traditional Students’ Day held on 05 March 2016, where a cake-baking competition was organized to prepare for GMW with the theme being ‘money’.


2015 Hungary Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 9th - 13th of March

Hungary joined the Global and European Money Week this year under coordination of the Money Compass Foundation (Pénziránytű Alapítvány), which was founded by the National Bank of Hungary. Many primary and secondary schools in the country were provided with informative learning materials on topics of financial literacy. Ministry of Human Capacities of Hungary contributed towards the organizing of the week.

Foundation for Stock Brokers’ Training (Közép-európai Brókerképző Alapítvány) promoted information about Global Money Week to more than 170 schools in Hungary. Some schools also organized various events for their students during the week. For example, the II. Rakoczi Ferenc Secondary School organized a number of creative and exciting activities for their students. They conducted an Ethical Entrepreneurship class on raising funds and writing tenders for the development of school equipment and buildings. This was to support the school’s initiative to raise funds for their sports field. In the English class, a creative writing session was held around the topic of environment protection and savings, the theme for this year’s Global Money Week celebrations. Money and finances were the topics in the Spanish class preparing students not only for their language exams but also for everyday life situations. In another Ethical Entrepreneurship class, an entrepreneur gave a presentation on ‘Developing sustainable competitive advantages’.


2013 Hungary Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 18th of March

The Hungarian National Bank joined the global celebrations with a special financial-economic program day. Secondary class students were invited into the Central Bank where children and youth had the opportunity to participate on a learning through activity course – drama in education – and also could listen to presentations like the safety marks of the Hungarian bank notes, and about the ”invisible” money.

Children had the chance to visit the Visitor center at the Hungarian National Bank which is the home of interactive exhibits about Hungarian notes and coins, the background of the central bank and the history of money.

Other students were able to follow the event through webcast on the Pénzbook – facebook site and on the microsite: www.penziranytu.hu.