Economy

The average gross wage in Hungary rose by an annual 16.6 percent to 577,900 forints (EUR 1,539) in March, data released by the Central Statistical Office (KSH) on Wednesday show.

Hungarian central bank rate-setters decided to leave the base rate on hold at 13 percent, but voted to cut the central bank's O/N collateralised loan rate by 100 basis points to 19.50 percent at a monthly policy meeting on Tuesday.

Preserving stability and predictability is of paramount importance in times of war, and the government keeps to the practice of submitting next year's budget to parliament already in the summer, the finance ministry told MTI on Friday, after the government submitted the draft budget ...

The government is planning to remove the "extra tax burdens" on the banking sector, the finance minister told an annual meeting of the Hungarian Banking Association on Friday.

Cooperation between the government and the central bank will contribute to inflation falling into the single digits by the end of the year, lower interest rates, improving economic indicators and the return of robust growth, the finance ministry said in a statement on Friday ...

Hungarian economic growth dipped an annual 0.9 percent in the first quarter, the Central Statistical Office (KSH) said in a first reading of the data on Tuesday. Adjusted for seasonal and calendar year effects, GDP contracted by 1.1 percent.

Hungary's GDP contracted and inflation increased in the second half of 2022, the European Commission said in its spring forecast released on Monday.

Hungary is a leader in digitalisation in which Huawei plays a decisive role, the minister of foreign affairs and trade said on Monday after the signing of an agreement on the SEEDs scholarship scheme by representatives of the company and Hungary's National University of ...

Output of Hungary's construction sector slipped by 9.8 percent year-on-year in March, falling for the fourth month in a row, albeit at a slower pace, data released by the Central Statistical Office (KSH) on Monday show.

Output of Hungary's industrial sector fell by an annual 4.1 percent in March, the Central Statistical Office (KSH) said in a second reading of data on Friday.