Central banker: Crisis management mustn’t come at expense of sustainability
Hungary's central bank is working hard to bring inflation under control, but the management of the current crisis must not come at the expense of sustainability goals, Csaba Kandracs, the deputy governor of the National Bank of Hungary, said on Thursday.
Industrial output growth accelerates to 14.4 percent
Output of Hungary's industrial sector rose by an annual 14.4 percent in August, expanding at the fastest pace in more than a year, data released by the Central Statistical Office (KSH) on Thursday show.
Budapest Festival Orchestra wins Gramophone’s Orchestra of the Year award
The Budapest Festival Orchestra (BFO) was named Orchestra of the Year by the prestigious Gramophone magazine at a gala in London on Tuesday.
PMI at 49.6 in September
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.6 points in September from 57.8 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.
Trade deficit EUR 1.3 billion in July
Hungary had a 1.298 billion euro trade deficit in July, the Central Statistical Office(KSH) said in a second reading of data on Monday.
PPI up 43.4 percent in August
Hungary's industrial producer price index grew by an annual 43.4 percent in August, picking up from a 37.9 percent increase in the previous month, the Central Statistical Office (KSH) said on Friday.
Pace of inflation expected to start gradually easing, central bank says
Hungary's central bank has said it expects inflation will continue rising in the remainder of the year, though from October its upward pace will start gradually easing.
Central bank raises base rate by 125 points, signals end of cycle
Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13 percent. The rise followed a 100 bp hike at the policy meeting in August.
Government working to evade recession threatening Europe, minister says
Szijjarto: Car industry output up 13 percent in first seven months of 2022
Output of Hungary's automotive industry rose by 13 percent to 6,600 billion forints (EUR 16.2bn) in the first seven months of the year, the minister of foreign affairs and trade said on Tuesday, adding that there was a "realistic chance" that the sector's output ...
Gross wages up 15.3 percent in July
The average gross wage of full-time employees in Hungary grew by an annual 15.3 percent in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.
