Full-time employees’ average gross earnings were HUF 661,400 and average net earnings with tax benefits reached HUF 455,000 in February 2025. Average gross earnings grew by 9.3%, net earnings increased by 9.1% and real earnings were 3.5% higher than a year earlier. Median gross earnings were HUF 533,600, and median net earnings were HUF 370,700, surpassing the value for the same period of the previous year by 8.5% and 8.8%, respectively.
Orbán: Results of negotiations between Hungary and US will be felt within six months
The prime minister said US President Donald Trump was re-negotiating tariffs with all countries where the US had a deficit, aiming to improve the current situation.
Nagy: Government has approved the main figures of the 2026 budget
Minister Nagy said the budget draft would be sent to the Fiscal Council in the coming week and submitted to lawmakers on May 2.
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State Secretary: Food markups cap reduces prices by 18.6%
Róbert Zsigó said that 416 shops had been checked for compliance, so far, and no violations had been found.
Harsh criticism from Standard & Poor’s
Standard & Poor's has given Hungary's credit rating a negative outlook while maintaining the same investment grade.
Construction output down by 4.5 percent
Construction output volume, based on raw data, lagged behind the previous year’s level by 4.5% in February 2025. Out of the main groups of construction the construction of buildings lessened by 11.0%, that of civil engineering grew by 15.3%. Based on seasonally and working ...
Industrial production drops by 8.7 percent
The volume of industrial production lagged behind the one year earlier level by 8.7% in February 2025, based on working-day adjusted data, declined by 8.0%. Production dropped in every manufacturing subsection, at the highest rate in the manufacture of electrical equipment. According to seasonally ...
Inflation slows after profit margin cap is introduced
Consumer prices were 4.7% higher on average in March 2025 than a year earlier. Compared to February, prices were unchanged on average.
Retail sales drop slightly
In February 2025, the volume of retail trade was 0.2% lower in raw data, or 3.3% higher in calendar (and leap-year effects) adjusted terms, than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale ...
Nagy: Hungary’s GDP growth is expected to exceed 3% in H2
Minister Nagy said his ministry put GDP growth at 2.5% for 2025 and 4.1% for 2026.
Deficit close to 5 percent in 2024
According to preliminary data the deficit of the general government sector was HUF 4 002 billion in 2024, 4.9% of GDP. The balance improved year-on-year by HUF 1 097 billion, close to 1.8 percentage points as a proportion of GDP.
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Industrial producer prices rise by 8.2%
Industrial producer prices were 8.2% higher on average in February 2025 than one year earlier. Domestic output prices were 5.4% and non-domestic output prices 9.6% higher than in February in the previous year. The price rise was primarily caused by the annual weakening of ...
Deficit close to 5 percent in 2024
According to preliminary data the deficit of the general government sector was HUF 4 002 billion in 2024, 4.9% of GDP. The balance improved year-on-year by HUF 1 097 billion, close to 1.8 percentage points as a proportion of GDP.
Nagy: Hungary’s GDP growth is expected to exceed 3% in H2
Minister Nagy said his ministry put GDP growth at 2.5% for 2025 and 4.1% for 2026.
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Central bank sees GDP shrinking 6.0-6.5 pc this year
The National Bank of Hungary (NBH) expects the economy to contract between 6.0 percent and 6.5 percent this year, forecasts from its latest quarterly Inflation Report released on Tuesday show.
Directive would set starting minimums for wage talks
European Trade Union Confederation launches campaign for European minimum wage
The European Trade Union Confederation (ETUC) has launched a campaign to convince member states to stand by a European-level regulation of the minimum wage, an MEP of opposition Democratic Coalition (DK) said on Tuesday.
Hungary’s green bond wins CBI award
Climate Bonds Initiative, a non-profit organisation appraising sustainable financial solutions, has awarded Hungary for its green bond, first issued last year, the finance ministry said on Wednesday.
