News tagged with: inflation

Upward Course of Real Wages Unbroken for 113 Months

Real wages continued to increase despite the pandemic, according to the Ministry of Technology and Industry. Analysts say the full-year...

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‘Tusványos’ – Slowdown of Economy, Agricultural Self-Sufficiency, and Minority Rights Analyzed by Speakers of Free University

Lectures on the expected economic recession, the importance of agricultural self-sufficiency, and minority rights were held at the 31st Bálványos...

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Hungarian 2022 GDP Growth Could Be Almost Double That of EU Average

Amid all the doom and gloom of the pandemic- and war-strikken EU economy, there is a glimmer of hope in...

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Hungarian Forint Strengthens after Central Bank Base Rate Hike

Hungarian rate-setters raised the central bank's base rate by 200 basis points, to 9.75 percent, at an extraordinary meeting on...

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The Massive Rise in Budapest Rental Prices Further Accelerates

The steep rise of rental prices in Budapest has further accelerated this year, Rentingo.com reports. Compared to the same period...

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Government Adopts EC’s Position Regarding Transfer of EU Recovery Funds

The foundations of the Hungarian economy are "stable and strong" despite "difficulties reflected by the markets or the forint rate,"...

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Prime Minister Orbán: Only Way to End War Inflation Is to End the War

The only way to end wartime inflation is by putting an end to the war, Prime Minister Viktor Orbán told...

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Hungarian Central Bank Decides on Massive Rate Hike

At a monthly policy meeting on Tuesday, policymakers of the National Bank of Hungary (NBH) raised the base rate by...

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Viktor Orbán: Hungary Supports Ukraine’s EU Membership, Rejects Further Sanctions

"We say 'yes' to Ukraine's membership in the European Union, we say 'yes' to peace but we say 'no' to...

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Balaton Restaurants Optimize Work for a Favorable Tourist Season

Tourism at Lake Balaton is off to a good start this year, according to Balázs Csapody, owner of the Little...

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Government to Decide on All Price Caps by Mid-June

The Hungarian government will decide on the renewal of all price caps by mid-June, Gergely Gulyás wrote on Facebook. This...

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DK Drafts Proposals on Helping People Struggling with Inflation

The opposition Democratic Coalition (DK) has drafted proposals to help families and vulnerable people cope with high inflation, László Varju,...

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PM Orbán: Responsible, ‘Feisty’ Government Needed

Hungary needs a feisty, responsible government that unites the country while showing the necessary strength, Prime Minister Viktor Orbán said...

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DK Calls on Govt to ‘Stop Raising Prices’

The Democratic Coalition (DK) calls on "the illegitimate government and all Fidesz oligarchs to stop raising prices," the spokesperson for...

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Central Bank Governor Calls for Program to Boost Competitiveness

The central bank is proposing a two-year "competitiveness program" to restore the economy's "dramatically deteriorated" balance, governor György Matolcsy told...

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Finance Minister: Budget Needs to Be Amended to Maintain Deficit Target

The government will continue to improve budgetary balance, and expects to have budget deficit down at 4.9 percent and state...

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A Quarter of Hungarian Hotels Remain Closed after Pandemic

More than 200 hotels have not reopened their doors in Hungary this year. But inflation has compensated for many of...

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Central Bank: Double-Digit Inflation in Hungary ‘Unavoidable’

Fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the...

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LMP Demands 10% Wage Hike for Public Sector Employees

Opposition LMP has called on the government to increase without delay the wages of public sector employees to compensate for...

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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,...

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Economic Sectors Get Priority in Fifth Orbán Government

Parliament elected Viktor Orbán as prime minister for the fifth time on Monday. He has already announced the members of...

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