From Stagnation to Growth: Economic Revival Predicted for Next Year The Hungarian economy may expand at a slow pace of below 1% this year, partly due to the unfavorable international... 2024.11.15.
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.
S&P Reaffirms Ratings in Hungary’s Economic Resilience and Growth Potential Standard and Poor's has confirmed that it continues to recommend Hungary for investment, with the three major rating agencies all... 2024.10.28.
Government Plans 2025 Budget with Improving Prospects The 2025 budget is planned with an improving outlook, with the government expecting GDP to rise by 3.4 percent, consumption... 2024.10.17.
Average Gross Earnings Could Reach the HUF 1 million Threshold by 2028 At the presentation of the "Responsible Employer of the Year" award, Minister for National Economy Márton Nagy presented in detail... 2024.10.11.
Steady GDP Growth Thanks to Increase in Consumer Spending As a result of a steady increase in the value of wages, consumption has also increased, contributing significantly to the... 2024.09.04.
Hungary Could Face Third Excessive Deficit Procedure in Ten Years The European Commission has decided that an excessive deficit procedure is warranted for Hungary and six other EU member states,... 2024.07.11.
Ukraine’s NATO Membership not a Realistic Option, States Foreign Minister It is clear to everyone that Ukraine's membership of NATO is still not a realistic option, as it would entail... 2024.07.11.
First Quarter 2024 Deficit-to-GDP Ratio Stands at 5.4 Percent According to preliminary data released by the Hungarian Central Statistical Office (KSH) on Tuesday, the government sector recorded a deficit... 2024.07.02.
Battery Industry Accounts for 5.5 percent of the Country’s GDP CATL, a global leader in battery manufacturing also present in Hungary The battery industry currently accounts for 5.5 percent of... 2024.07.01.
Inflation Forecasts Adjusted amid Growth Prospects The central building of the Hungarian National Bank András Balatoni, Director of Economic Forecast and Analysis Directorate at the Hungarian... 2024.06.21.
European Commission Urges an Excessive Deficit Procedure against Hungary Hungary and six other EU countries (Belgium, France, Italy, Malta, Poland, and Slovakia) could soon be subject to an excessive... 2024.06.20.
Moody’s Continues to Recommend Hungary for Investment with a Stable Outlook After Standard & Poor's positive report in April, Moody's continues to recommend Hungary for investment with a stable outlook, reflecting... 2024.06.03.
Brussels Also Expects Economic Growth in Hungary The European Bank for Reconstruction and Development (EBRD) presented its latest regional forecast, projecting an acceleration in economic growth across... 2024.05.16.
Hungary’s Economic Resilience vs. Romania’s Challenges Minister for National Economy Márton Nagy, responded to reports suggesting Romania has economically overtaken Hungary. He argues that while Romania's... 2024.05.10.
Leading Bank Expects Economic Growth of 2.7 Percent this Year MBH Bank (one of Hungary's leading financial institutions) expects economic growth of 2.7 percent this year, which could reach 3.7... 2024.05.03.
Exceptional Domestic Economic Growth in International Comparison Based on data from the Hungarian Central Statistical Office (KSH), the economy rebounded in the first quarter of 2024, with... 2024.05.02.
S&P Keeps Hungary in the Investment Recommended Category The international credit rating agency Standard & Poor's Global Ratings affirmed its investment-grade rating of 'BBB-/A-3' on Hungarian government debt... 2024.04.29.
IMF Slightly More Pessimistic about Economic Growth than the Government The International Monetary Fund (IMF) forecasts economic growth in Hungary of 2.2 percent, slightly lower than the Hungarian government's forecast... 2024.04.17.
EU Study Ranks Győr as One of the Fastest Growing Cities According to an EU study, Győr is one of the fastest growing cities in the EU. However, the county is... 2024.04.05.
Defense Industry Grows into a Business Worth Billions Since the end of the summer of 2020, the Hungarian defense industry has been enjoying a renaissance. Moreover, within a... 2024.02.16.
