Economy

According to a Eurobarometer survey, inflation and the rising cost of living are the biggest challenges facing Hungary.

The volume of export decreased by 3.5% and that of import by 0.3% compared to the same period of the previous year. The surplus was EUR 949 million, the balance deteriorated by EUR 470 million year-on-year. Compared to August, the adjusted volume of export ...

In the third quarter of 2024, service exports calculated in EUR were 4.2% and their imports 1.9% higher than in the same period of the previous year. The surplus was EUR 3.5 billion, EUR 280 million more than in the third quarter of 2023, ...

In October 2024, the average number of employed persons aged 15–74 decreased by 27 thousand to 4 million 699 thousand compared to the same period of the previous year. The outstanding level of employment in autumn last year played a role in the change. ...

Industrial producer prices were 2.6% higher on average in October 2024 than one year earlier. Domestic output prices lessened by 0.5%, while non-domestic output prices were 4.1% higher than in October 2023. Compared to the previous month, domestic output prices lessened by 0.5%, and ...

The finance minister said the budget could return the economy to the path of sustainable, high GDP growth while paving the way for dynamic wage growth and an increase in the purchasing power of incomes.

The social partners signed the agreement on the minimum wage increase for 2025-27 on Monday. The Prime Minister stated that the agreement was based on an optimistic scenario, while the employers described it as ‘extraordinarily ambitious’.

The minimum wage would rise by 12 percent on average in the next three years.

Full-time employees’ average gross earnings were HUF 627,400 and average net earnings with tax benefits reached HUF 432,200 in September 2024. Average gross earnings grew by 12.5%, net earnings increased by 12.3% and real earnings were 9.2% higher than a year earlier. Median gross ...

The volume of investments lessened, according to raw data, by 15.4% in the 3rd quarter of 2024 compared to the same period of the previous year. Compared with the previous quarter, on the basis of seasonally adjusted data, the value of investments lessened by ...