Türkiye is an Important Strategic Partner in the Defense Industry Hungarian Defense Minister Kristóf Szalay-Bobrovniczky and Turkish Industry and Technology Minister Mehmet Fatih Kacır Continuing to build and strengthen the... 2023.11.24.
Cooperation with China Is a Great Opportunity, Says Minister Szijjártó The European Union should choose the path of civilized cooperation with China instead of hostility, said Minister of Foreign Affairs... 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.
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.
Fitch Ratings Forecasts Stable Economic Growth in Hungary Next Year Fitch projects that the Hungarian economy will grow steadily from next year, expecting it to help reduce the public debt... 2023.10.09.
Economic Outlook for the Future Is Positive due to Automotive Sector Based on a report by the European Bank for Reconstruction and Development (EBRD), Oeconomus points out in its analysis that... 2023.10.05.
Europe Pays Seven Times as Much for Natural Gas as the U.S. “Hungary's economic outlook is positive despite the negative European environment. Hungary has benefited a lot from the strategy that has... 2023.10.04.
Inflation Expected to Slow to 7-8 Percent by the End of the Year The consumer price index will fall to 7-8 percent by the end of the year, and the disinflationary impact will... 2023.09.29.
Hungary Moves Up in the Ranking of Richest Countries Last year, net financial assets per capita were EUR 18,060, putting Hungary in 30th place among the richest countries, the... 2023.09.27.
Rapid Improvement in the Economic Balance Indicates a Positive Outlook The current account balance improved significantly in the second quarter, Gergely Suppan, senior analyst at Magyar Bankholding, said in reaction... 2023.09.27.
Economic Growth to Return in Second Half of the Year The Hungarian economy may return to growth in the second half of the year, Finance Minister Mihály Varga said at... 2023.09.27.
Positive Rating from Moody’s Confirms a Stable Outlook Despite the war and sanctions, Moody's continues to recommend Hungary for investment. In its latest report, the international rating agency... 2023.09.04.
Positive Economic Prospects on the Horizon Restarting economic growth will be a major challenge for the coming year, according to Prime Minister Orbán. Hungary has been... 2023.08.31.
14 Targeted Measures to Help the Economy Grow GDP in Hungary contracted by 2.4 percent on an annual basis in the second quarter, while there was a slight... 2023.08.17.
Agriculture Can Be the Savior of Economy Although last year's high base caused GDP to fall on an annual basis, on a quarterly basis it is now... 2023.08.15.
Falling Government Deficit and Rising GDP for the Economy in 2024 The government expects most of the country's economic indicators to be favorable next year, and the cabinet has based the... 2023.08.03.
Japanese Automotive Giant to Make a Significant Investment The Hungarian state is providing HUF 1.9 billion (EUR 4.88 million) in support for Suzuki's new investment in Esztergom (northern... 2023.07.27.
The Market Should Determine the Exchange Rate The most important task for Hungary is to bring inflation down to single digits, restore economic growth, and put it... 2023.07.26.
Economy to Return to Growth This Year, Says Finance Minister Although the outlook for Europe is not favorable at the moment due to the prolonged war and sanctions, the Hungarian... 2023.07.21.
Fitch Affirms Its Investment Grade Rating on Hungary Fitch Ratings has affirmed Hungary's long-term foreign-currency issuer default rating. The international rating agency said it expects the Hungarian economy to... 2023.06.26.
