New Home Building in Hungary Remains Strong in First Quarter The number of home building permits issued in Hungary rose by an annual 15.2 percent to 8,001 in the first... 2022.05.05.
Hundreds of Hungarian Bakeries May Close Due to Production Costs Rising production costs must be built into the consumer prices of Hungary's bakeries, otherwise up to 400-500 may be forced... 2022.05.05.
Guest Nights Jump Almost 470% in March from Low Pandemic Base Guest nights at commercial accommodations in Hungary soared 464 percent year-on-year to 1,427,000 in March, rising from a low base... 2022.05.05.
CoE: Further Regulations Needed for Virtual Currencies in Hungary Moneyval, the Council of Europe's expert body against money laundering, called for stricter regulations for virtual currencies in a report... 2022.05.04.
Hungary March Retail Sales up 16.2% Retail sales in March grew by an annual 16.2 percent from a low base, the Central Statistical Office (KSH) said... 2022.05.04.
Average Wage in 87% of Municipalities Fails to Reach Nat’l Average, GKI Says In 2020, the average net wage was only HUF 210,585 (EUR 551), about HUF 58,000 lower than reported by the... 2022.05.03.
Small Gas Stations Sue Hungary in Strasbourg over Price Freeze The extended price cap could lead to the mass closure of smaller, mostly family-run gas stations that have been operating... 2022.05.03.
Survey: Inflation to Take Away Most Wage Gains This Year While some 61% of Hungarian workers received a pay hike this year, most received a maximum of 10%, meaning that... 2022.05.02.
Hungary Trade Balance Shows EUR 117 Million Deficit in February Hungary's trade balance showed a 117 million euro deficit in February, the Central Statistical Office (KSH) confirmed in a second... 2022.05.02.
Hungary Close to Full Employment, but with Large Regional Differences Hungary is very close to full employment, ING Bank's senior analyst Péter Virovácz told pro-government economic news site, Világgazdaság. However,... 2022.05.02.
FinMin: Economy Still on Growth Path, With Deficit, Debt Shrinking The next four years are likely to see high growth coupled with a gradual tapering in public debt and budget... 2022.04.30.
Last Stretch of Metro 3 Reconstruction Gets Under Way in May Another three refurbished stations of Budapest's Metro 3 will open on May 14, the Budapest Public Transport Centre (BKK) said... 2022.04.29.
Hungary’s Lightning Company Tungsram Announces Mass Layoffs Renowned Hungarian lighting company Tungsram will lay off 1,600 people – more than half of its total workforce- by year's... 2022.04.28.
Extension of Food and Fuel Price Caps Also Has a Price As we have previously reported, Prime Minister Viktor Orbán announced the extension of the food and fuel price cap on... 2022.04.28.
Suzuki Hungary Confirms Diesel Probe The local unit of Japanese car maker Suzuki has confirmed that an investigation related to vehicles with diesel engines it... 2022.04.28.
Average Square Meter Prices in Budapest Exceed EUR 3,400 New figures released by real estate agency Otthon Centrum revealed that real estate prices in the Hungarian capital are surging.... 2022.04.27.
What is Behind Hungary’s Record Spike in Salaries? Hungarian monthly salaries increased by nearly a third in February compared to the same month of the previous year, according... 2022.04.27.
Hungary Central Bank Raises Base Rate by 100 bp Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40 percent at their regular meeting on... 2022.04.27.
OTP Bank CEO: Gov’t Utility Price Cuts ‘Do No Good’ The Hungarian government’s utility price cuts are unsuitable, as people and businesses need to feel the burden of high energy... 2022.04.27.
Hungary Pays Six Times More for Russian Gas Than Country’s Residential Consumers Hungary purchased Russian gas at around six times what resindential consumers paid Hungarian state energy company MVM in February, according... 2022.04.26.
Average Gross Wages Up Almost 32% in February, says Central Statistical Office The average gross wage of full-time employees in February was 546,000 forints (EUR 1,470), 31.7 percent higher than the same... 2022.04.26.
