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.
Has Romania Really Caught up with Hungary in Economic Development? The Oeco-Index measuring countries' economic development in the EU In October 2023 the Hungarian opposition media was in celebratory mood... 2024.02.14.
Minister Encourages U.S. Companies to Reinvest Their Profits in Hungary One of the American Coca-Cola plants in Hungary The Minister of National Economy Márton Nagy gave a presentation at the... 2024.02.02.
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.
Despite the Deficit, the Government Aims to Reduce the National Debt The war, the energy sanctions crisis and the dangerous global economic environment have all put the Hungarian budget under considerable... 2023.12.08.
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.
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.
Minister Navracsics: Hungary Uses EU Funds Properly Minister of Regional Development Tibor Navracsics Hungary is among the best EU member states in terms of the use of... 2023.11.10.
Further Increase in the Automotive Sector’s Contribution to GDP Essential Hungary's international working capital currently exceeds EUR 100 billion, and the government plans to double this figure by 2030, the... 2023.11.08.
V4 Economies Strongly Affected by Germany’s Performance Ninety percent of exports from V4 countries are to European Member States, meaning a high geographical concentration, writes Magyar Nemzet.... 2023.10.18.
IMF Maintains Its Previous GDP Predictions IMF building at night. Photo: IMF/ Facebook. In its latest quarterly prognosis, the IMF maintains its previous forecast of 3%... 2023.10.11.
Foreign Trade Figures Show Significant Improvement Compared to Last Year Hungary's external trade balance continues to improve, with the value of exports in euro terms 1.5 percent lower in August... 2023.10.10.
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.
The Government Will Continue Deficit and Debt Reduction Despite the protracted war and the energy crisis, the government will continue its deficit and debt reduction policy in the... 2023.10.05.
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.
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.
Economic Performance Still Weak, but Worst is Behind Us The Hungarian economy will return to growth in the second half of the year, and next year it could perform... 2023.08.16.
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.
