Minister Szijjártó Addresses OECD’s Global Economic Role Minister Péter Szijjártó (L) and OECD Secretary-General Mathias Corman (R) In order to prevent a long-term downturn, Minister of Foreign... 2024.03.06.
New Regulation Introduced to Combat “Shrinkflation” A new measure on trade came into effect on March 1, regulating that shops with a turnover of over HUF... 2024.03.01.
Statistical Office Reports Huge Growth in Real Wages In December 2023, the Central Statistical Office (KSH) reported that the average gross earnings of full-time employees were HUF 655,600... 2024.02.23.
Another Strike at Lufthansa, All Flights to Budapest Canceled Today The Verdi trade union has called Lufthansa ground handling staff to another strike from February 19 at 8 p.m. to... 2024.02.20.
Statistical Office Develops More Accurate Way to Measure Inflation Inflation calculations play a critical role in understanding the economic landscape of any country, and Hungary is no exception. The... 2024.02.19.
Borsodi Brewery Introduces a Beer Not Yet Marketed in Europe The beer market could stabilize this year: the recovery will be supported by major sporting events, the European Football Championship... 2024.02.19.
I wish to See Europeans among the “Brusselites”, says the Prime Minister in his Annual Speech In the case of child abuse there is no room for mercy, and therefore President Katalin Novák's resignation in the... 2024.02.17.
Minister of National Economy Says Slowdown in GDP is Temporary In the last quarter of 2023, the Hungarian economy faced challenges with a modest year-on-year growth of 0.4% and stagnation... 2024.02.14.
Economy Outperforms EU Average by 5% Minister of Finance Mihály Varga announced on his Facebook page that despite the negative external effects, the Hungarian economy grew... 2024.02.14.
Foreign Minister: New Spanish Investments Could Arrive During his visit to Spain, Minister of Foreign Affairs and Trade Péter Szijjártó held talks with the leaders of automotive,... 2024.02.14.
Analysts’ Insights on Current Economic Landscape Inflation may have fallen into the National Bank's tolerance band for the first time in almost three years in January,... 2024.02.08.
International Recognition Received for Effective Debt Management Finance Minister Mihály Varga announced on his social media page that Hungary has won the International Financing Review's (IFR) 2023... 2024.02.07.
Slovakia and Hungary Strengthen Agricultural Policy Cooperation Minister of Agriculture István Nagy held talks with Richard Takáč, Slovakia's new Minister of Agriculture and Rural Development, on Tuesday... 2024.02.07.
Employment and Real Incomes Surged in Q4 of 2023 Employment in Hungary saw significant strengthening throughout 2023, marking a turnaround from previous declines in real incomes. This positive trajectory... 2024.02.06.
Minister Encourages U.S. Companies to Reinvest Their Profits in Hungary One of the American Coca-Cola plants in Hungary The Minister of National Economy Márton Nagy gave a presentation at the... 2024.02.02.
Germany’s Woes Cast a Shadow on the Hungarian Economy The weakness of the German economy is a major challenge for export-dependent countries of Central Europe. For years, regional cooperation... 2024.01.31.
Inflation Falling Faster than Expected, yet Central Bank Stays Cautious The Monetary Council of the Hungarian National Bank (MNB) cut the base rate by 75 basis points to 10.00 percent... 2024.01.31.
The Large Number of Airbnb Apartments Brings a Tough Fight for Bookings The increase in Airbnb supply in Budapest last year exceeded the growth in foreign tourist arrivals, when overall capacity increased... 2024.01.29.
Inflation Could Fall More Sharply than Expected in January Another surprise in the inflation data cannot be ruled out after December. Consumer prices rose by 5.5% in the last... 2024.01.29.
Minister of Finance: “Disciplined fiscal policy must be continued in 2024” "Sober, moderate, and disciplined policies are crucial, and we must continue our focused fiscal policy this year," stated Minister of... 2024.01.29.
Leading European Agency Recommends Hungary for Investment The Mercedes plant in Kecskemét (central Hungary), one of the many important investments in the automotive sector Scope Ratings recommends... 2024.01.29.