Navigating Economic Headwinds: Growth Ambitions Amid Effects of German Slowdown The third quarter GDP data came as a huge negative surprise, as reported by the Hungarian Central Statistical Office (KSH).... 2024.11.04.
Hungary Maintains Positive Trade Surplus amid Fluctuating Exports In August 2024, the country experienced a decline in external trade, with exports falling by 4.1% and imports down by... 2024.10.07.
Demographic Turnaround is Steady Commenting on the 2023 birth figures, news reports have been published with ominous headlines claiming that the government's demographic turnaround... 2024.10.02.
Average Earnings for Full-Time Employees Rise in July 2024 In July 2024, the average gross earnings of full-time employees were HUF 636,700 (EUR 1,750), while the average net earnings... 2024.09.24.
Tourism Sector Hits Record Highs with July Surge In July tourism saw unprecedented success, with nearly 2.4 million visitors utilizing accommodation services, marking a 4.1% increase from last... 2024.08.29.
“Not Great, Not Terrible Either” – Average Earnings for June Published In June 2024, the average gross earnings of full-time employees were 642 000 HUF (EUR 1620), while the average net... 2024.08.26.
Bank Rate Changes Affect Loan Terms and Property Prices for Average-Income Buyers A recent press release by money.hu reveals significant changes in bank interest rate discounts linked to income credits during the... 2024.08.13.
Food and Service Prices Rise as Energy Costs Fall In July, consumer prices were on average 4.1 percent higher than a year earlier, as reported by the Hungarian Central... 2024.08.08.
Inflation Remains Steady in July, Economic Outlook is Positive In July 2024, the inflation was 4.1 percent annually, matching market expectations and remaining low, according to the Hungarian Central... 2024.08.08.
1B Export Surplus Despite Trade Slowdown In May, Hungary's trade surplus in goods was EUR 1.0 billion, down EUR 218M from last year, according to the... 2024.08.01.
Statistical Office Reports Surging Salaries in May In May this year, the average gross earnings of full-time employees were HUF 652,000 (EUR 1,657), with average net earnings,... 2024.07.25.
Unexpected Fall in Inflation Rate Surprises Analysts Despite analysts' expectations of stagnating inflation, Hungary saw a surprising decrease in the rate of monetary deflation in June, following... 2024.07.10.
Fuel Prices Crawling Upwards, Government Ready to Intervene Fuel prices are once again above the average prices of neighboring countries, therefore the government will put the issue on... 2024.07.03.
Central Statistical Office: 6,284 Children Born, 9,501 People Died in May In May 2024, Hungary saw 6,284 births and 9,501 deaths, reflecting an 11 percent decrease in births and a 6.2... 2024.06.27.
Real Wage Increase of 13.9 Percent Compared to March In March 2024, the Hungarian Central Statistical Office reported that the average gross earnings of full-time employees reached HUF 658,400... 2024.05.23.
Fuel Prices Remain Continuously Below the Average in Neighboring Countries The recent publication of regional fuel prices by the Hungarian Central Statistical Office (KSH) highlights significant shifts in Hungary and... 2024.05.17.
Drop in Gas Consumption during Heating Season Even without Restrictive Measures There was no need for gas restrictions at either the state or municipal levels last winter, the Communications Department of... 2024.04.22.
Latest Figures Show Budapest Rent Prices Skyrocketing According to the Central Statistical Office (KSH) and the ingatlan.com rent index, rent prices were 11.7 percent higher in the... 2024.04.16.
Tourism Sector’s Growth Fuels Economic Recovery In January 2024, the tourism accommodation sector experienced remarkable growth, with turnover increasing by 11%. This performance exceeded the pre-war... 2024.02.28.
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.
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.
