We Will Avoid Recession in 2023, Says Economy Minister Despite the intensified economic challenges, recession should be avoided, and the Hungarian government aims to achieve 1.5 percent growth in... 2023.01.25.
Government to Fund Erasmus Scholarships if No Agreement with EU If the Erasmus scholarship negotiations with the European Union do not lead to a result, the government will pay the... 2023.01.13.
Hungary One of Europe’s Fastest Growing Economies, Says Economy Minister The government will do everything to protect the Hungarian economy and businesses, Economic Development Minister Márton Nagy said in a... 2023.01.03.
OECD Improves Growth Forecast for Hungarian Economy The Organization for Economic Co-operation and Development (OECD) raised Hungary's economic growth forecast for this year to 6.0 percent from... 2022.11.23.
Hungarian Economy Strengthens amid War and Sanctions The Hungarian economy is resisting the adverse effects of war and sanctions, as it grew by 4.1 percent in the... 2022.11.16.
Increase in Industrial Production by 14.4 percent in August Industrial production in August was 14.4 percent higher than a year earlier, and adjusted for working days, output rose by... 2022.10.13.
Finance Minister Hails GDP Growth International media outlets and experts call Hungary’s GDP growth "better than expected." According to Finance Minister Mihály Varga, the country’s... 2022.08.18.
Hungary Records Exceptional Q1 GDP Growth but Storm Clouds Already Gathering Hungary's GDP grew by an annual 8.2% in the first quarter of the year, more than most would have expected,... 2022.05.17.
IMF Expects Best GDP Growth in Region for Hungary and Poland As recently as January, the International Monetary Fund (IMF) had assumed that the global economy would recover from the second... 2022.04.21.
Central Bank Points to ‘Strong’ Influence of War on Economic Activity in Inflation Report The National Bank of Hungary (NBH) acknowledged the country's "dynamic" economic growth early in the year, following a record expansion... 2022.03.26.
Hungarians’ Consumer Confidence Plummets Over War in Ukraine After three months of growth, the consumer confidence of Hungarians plummeted to 2021 levels this March, hvg.hu reports in accordance... 2022.03.17.
World Bank Forecasts 5% Hungary Growth in 2022 Hungary's economy is forecast to grow by 5 percent this year, according to the World Bank, which raised its June... 2022.01.12.
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.
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.
Central Bank Lifts Inflation Forecast for 2021, Lowers GDP Growth Estimate The National Bank of Hungary (MNB) raised its forecast for inflation for this year to 5.1 percent and lowered its... 2021.12.15.
Hungary Marks 25 Years as OECD Member Hungary celebrated the 25th anniversary of its accession to the Organisation for Economic Co-operation and Development (OECD) at an event... 2021.12.01.
Moody’s Upgrades Hungary to Baa2, Outlook Stable Moody's Investors Service upgraded Hungary's sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on... 2021.09.25.
Finance Ministry Welcomes S+P’s Affirmation of Hungary’s ‘BBB’ Rating The finance ministry has welcomed S+P Global Ratings' affirmation of Hungary's 'BBB' sovereign rating with a stable outlook, calling it... 2021.08.14.
S+P Affirms Hungary ‘BBB’ Rating with Stable Outlook S+P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday. S+P's analysts... 2021.08.14.
Fitch Affirms Hungary ‘BBB’ Rating; Outlook Stable Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday. "The 'BBB' ratings... 2021.07.31.
OECD: Hungary Showing Signs of Strong Growth Speaking at an online press conference presenting the Economic Survey of Hungary 2021, Alvaro Pereira, the OECD's director of country... 2021.07.31.
