S+P downgrades Hungary to BBB-

S+P Global Ratings downgraded Hungary's sovereign rating one notch to BBB- from BBB at a scheduled review on Friday.

Jobless rate 3.9 percent in December

Hungary's jobless rate was 3.9 percent in December, up from 3.8 percent in the previous month, the Central Statistical Office (KSH) said on Friday.

Central bank keeps base rate on hold

Hungarian rate-setters decided to keep the base rate on hold at 13 percent at a regular policy meeting on Tuesday, the first such meeting this year.

Nagy: Government determined to bypass recession this year

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5 percent this year following 4.5 percent growth in 2022, notwithstanding the mounting economic challenges, Marton Nagy, the minister of economic development said on Tuesday, ...