Gross Wage Growth Slows to 8.5% in October Year-on-year wage growth in Hungary slowed to 8.5 percent in October from 9.1 percent in the previous month, data released... 2022.01.04.
Gov’t Sector Deficit Reaches to Almost 4% of GDP in Q1-Q3 Hungary's government sector deficit reached 1,570 billion forints (EUR 4.3bn) in Q1-Q3, equivalent to 3.9 percent of GDP, preliminary data... 2022.01.04.
Finance Minister: Credit Rating Agencies Upbeat on Hungary’s Economy Hungary ended 2021 with investment grade status from all three major credit rating agencies, Finance Minister Mihály Varga said on... 2022.01.03.
Fully Electric Vehicle Ownership in Hungary up 50% The number of fully electric vehicles in Hungary grew by 50 percent in January-October, to 18,800, the Future Mobility Association... 2021.12.31.
Public Debt Set to Decline, Finance Minister Says Mihály Varga, in an interview with pro-Fidesz daily Magyar Nemzet, said there is a high chance that Hungary's public debt... 2021.12.31.
GP, Dentist Wages to Increase by 40% Government allocation for the salaries of general practitioners and dentists who are community practice members will increase by over 40... 2021.12.31.
FinMin: Govt to Allocate HUF 25 Bn to Investment Support Programme in 2022 The government's investment support programme for large companies will continue in 2022 with a 25 billion forint (EUR 67.6 million)... 2021.12.30.
Number of Researchers in Hungary Doubles since 2010, Eurostat Reports The number of people in Hungary carrying out R and D has doubled in just over a decade, the fastest... 2021.12.29.
Finance Ministry Targets 5.9% Economic Growth Next Year The finance ministry says it expects the economy will grow by 5.9 percent next year. The 2022 budget law targets... 2021.12.29.
Finance Minister: Economy in Ruder Health Than After Previous Crisis Hungary's economy grew by 6.4 percent this year as opposed to a contraction of 6.6 percent the year after the... 2021.12.28.
Number of Jobseekers Falls to 238,700 in December The number of registered jobseekers in Hungary fell to 238,700 in December, state secretary Tamás Schanda said. The number is... 2021.12.28.
Budapest Transport Staff Eyeing “Record” Hike Budapest public transport company BKV will use a total of 10.5 billion forints (EUR 28.4m) to raise the wages of... 2021.12.28.
Tourism Agency Head Attributes Good Year to Domestic Tourists Hungary's tourism sector performed a lot better this year than in 2020 on the back of increased domestic traffic, the... 2021.12.27.
Central Bank Head Matolcsy: Monetary Tightening to Continue in 2022 The cycle of interest rate raises started in June will continue in 2022, as long as it is necessary to... 2021.12.27.
Banking Association Does Not Support Mortgage Rate Freeze The Hungarian Banking Association on Thursday said it does not support a temporary government freeze of mortgage loan interest rates.... 2021.12.24.
Finance Ministry Announces HUF 755 bn Expenditure Cut for 2022 Budget On Wednesday, the Ministry of Finance announced that Hungary’s lower-than-planned deficit target of the 2022 budget will be guaranteed by... 2021.12.23.
Mortgage Freeze: Households May Save HUF 11,000 for 6 Months The interest rates on retail mortgages will be frozen at their October 27 levels, according to PM Viktor Orbán's Wednesday... 2021.12.23.
State Audit Office: State Debt Ratio Target “Achievable” The state debt ratio targeted for this year is achievable based on the data available by November so the debt... 2021.12.23.
House Rents Up 13% Since January At the national level, rents in the rental housing market increased by 1.1 percent in November compared to October, and... 2021.12.23.
Hotel in Mátrafüred Is “Accommodation of the Year” Hotel Avar in the resort town of Mátrafüred in northern Hungary has won the title of "Accommodation of the Year"... 2021.12.22.
Products of Double Quality: High Fines From May 2022 Onwards International companies, which sell their products in Hungary with lower quality, can expect a fine in the amount of even... 2021.12.22.
