Despite Falling Inflation, Consumer Confidence Slowly Growing It will be worth watching the coming months for retailers, as December will see higher sales at the end of... 2024.01.09.
Signals of Recovery in Hungarian Industrial Production The war and sanctions have inflicted substantial damage on the economy, contributing to a 5.8% year-on-year decline in industrial production... 2024.01.09.
Job Growth Achieved despite Economic Challenges According to data from the Hungarian Central Statistical Office (KSH), 4.7 million people were employed in Hungary in November, marking... 2024.01.05.
Minister of Finance Addresses Economic Growth and Budget Stability This year marks the focus on strengthening economic growth, and that the budget situation remains stable, according to Finance Minister... 2024.01.04.
Minister of National Economy Forecasts Inflation between 5-6% in 2024 Economic growth could be around four percent this year after the recovery from the recession began last year, Minister of... 2024.01.04.
Outgoing President of the Fiscal Council Describes 2023 as a Weak Year Adjusting this year's deficit target to 5.2 percent was inevitable, and it is possible that the budget deficit will end... 2023.12.28.
Hungarian Economy Forecasts Growth in 2024 In a recent statement, László Parragh, President of the Hungarian Chamber of Commerce and Industry (MKIK), expressed optimism about the... 2023.12.27.
EU Falling Behind the US in Competitiveness, Claims Minister of State If it fails to act, the EU could fall behind in competition with the United States, Tibor Tóth, Minister of... 2023.12.18.
Inflation Falls to 7.9 Percent In November 2023 consumer prices were 7.9% higher on average than a year earlier. Compared with October, prices generally remained... 2023.12.08.
Monetary Council Cuts Base Interest Rate At their November meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to cut the base rate by... 2023.12.07.
Food Industry Numbers Improve Thanks to Livestock Farmers Following the strength seen in the first half of this year, the outlook for the Hungarian food industry continued to... 2023.12.07.
German Companies Remain the Most Important Partners to Hungarian Economy Worker at the Mercedes-Benz factory in Kecskemét (central Hungary) The government continues to regard German companies operating in Hungary as... 2023.12.06.
Price of Next Year’s One-Day Motorway Vignette Revealed János Lázár has revealed the most important details about the one-day motorway vignette to be introduced next year, Világgazdaság reports.... 2023.11.21.
Action Will Be Taken Against Merchants of Hungarian Sovereignty, Promises Viktor Orbán Prime Minister Viktor Orbán was re-elected president of Fidesz on Saturday at the 30th renewal congress of the governing party... 2023.11.20.
Salaries Could Rise as Early as December: Minimum Wage to Increase by 15% An agreement was reached at Wednesday's meeting of the Permanent Consultative Forum between the industry and the government. The parties... 2023.11.17.
Economic Growth Could Reach 3-4 Percent in 2024 The outlook for the Hungarian economy is favorable, returning to dynamic growth next year, the Minister of Finance said at an... 2023.11.17.
Current Account Surplus Strengthens the Forint Exchange Rate The surplus of the goods balance increased in September compared with August, the surplus of the services balance remained around... 2023.11.16.
Nearly HUF 3 Billion Automotive Supplier Development Program Launched A nearly HUF 3 billion (EUR 8 million) automotive supplier development program is being launched to increase the share of domestic suppliers,... 2023.11.16.
Recession Is Over: Economic Performance Improves In the third quarter of 2023, Hungary's GDP declined by 0.4 percent based on raw data and by 0.3 percent... 2023.11.15.
OECD Report: Hungary Boasts Highest Real Income Growth Of the 21 OECD countries providing data, Hungary had the largest increase in real household income per capita in the... 2023.11.10.
Inflation Back to Long-Anticipated Single Digit The Minister responsible for the Prime Minister's office Gergely Gulyás had informed at the Government Info regular press conference that... 2023.11.09.
