New Regulation Introduced to Combat “Shrinkflation” A new measure on trade came into effect on March 1, regulating that shops with a turnover of over HUF... 2024.03.01.
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.
International Recognition Received for Effective Debt Management Finance Minister Mihály Varga announced on his social media page that Hungary has won the International Financing Review's (IFR) 2023... 2024.02.07.
Germany’s Woes Cast a Shadow on the Hungarian Economy The weakness of the German economy is a major challenge for export-dependent countries of Central Europe. For years, regional cooperation... 2024.01.31.
Inflation Falling Faster than Expected, yet Central Bank Stays Cautious The Monetary Council of the Hungarian National Bank (MNB) cut the base rate by 75 basis points to 10.00 percent... 2024.01.31.
Inflation Could Fall More Sharply than Expected in January Another surprise in the inflation data cannot be ruled out after December. Consumer prices rose by 5.5% in the last... 2024.01.29.
Minister of Finance: “Disciplined fiscal policy must be continued in 2024” "Sober, moderate, and disciplined policies are crucial, and we must continue our focused fiscal policy this year," stated Minister of... 2024.01.29.
Leading European Agency Recommends Hungary for Investment The Mercedes plant in Kecskemét (central Hungary), one of the many important investments in the automotive sector Scope Ratings recommends... 2024.01.29.
Inflation in Hungary Lowest among Visegrad 4 Countries The end of 2023 was much better than expected in terms of inflation. Not only did domestic inflation end up... 2024.01.18.
Despite Falling Inflation, Consumer Confidence Slowly Growing It will be worth watching the coming months for retailers, as December will see higher sales at the end of... 2024.01.09.
Minister of National Economy Forecasts Inflation between 5-6% in 2024 Economic growth could be around four percent this year after the recovery from the recession began last year, Minister of... 2024.01.04.
Inflation Falls to 7.9 Percent In November 2023 consumer prices were 7.9% higher on average than a year earlier. Compared with October, prices generally remained... 2023.12.08.
Monetary Council Cuts Base Interest Rate At their November meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to cut the base rate by... 2023.12.07.
Price of Next Year’s One-Day Motorway Vignette Revealed János Lázár has revealed the most important details about the one-day motorway vignette to be introduced next year, Világgazdaság reports.... 2023.11.21.
Salaries Could Rise as Early as December: Minimum Wage to Increase by 15% An agreement was reached at Wednesday's meeting of the Permanent Consultative Forum between the industry and the government. The parties... 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.
Inflation Back to Long-Anticipated Single Digit The Minister responsible for the Prime Minister's office Gergely Gulyás had informed at the Government Info regular press conference that... 2023.11.09.
Forint Strengthens but Still More Vulnerable than Regional Currencies The Hungarian forint strengthened against the major currencies in international foreign exchange trading on Tuesday morning compared to the previous... 2023.10.24.
Economic Sovereignty of EU Countries Must Be Preserved, Says Finance Minister A new way of dealing with increased budget deficits and debt levels must be developed in the European Union, but... 2023.10.18.
We Will Never Permit Pro-Terror Demonstrations, says Viktor Orbán In a radio interview on Friday, Prime Minister Viktor Orbán called the terror attack unacceptable, adding that Hungary is on... 2023.10.13.
