
Minister Gulyás: Our goal is to achieve 3 percent to 6 percent growth
During a Government Info press briefing held in Geszt, Minister of the Prime Minister’s Office Gergely Gulyás outlined Hungary's ambitious economic plans for the coming years, stressing that the government's goal is to achieve a growth rate of 3 percent to 6 percent annually. ...

NBH raises gold reserves to 110 tonnes
The National Bank of Hungary (NBH) has decided to raise the volume of monetary gold in its international reserves from 94.5 tonnes to 110 tonnes, the central bank said on Monday.

Guest nights climb 3.6 percent in August
Guest nights at commercial and private tourism accommodations in Hungary rose 3.6pc to 6,987,000 in August from the same period a year earlier, data released by the Central Statistics Office (KSH) on Monday show.

NBH issues recommendation on gauging ESG risk
The National Bank of Hungary (NBH) has issued a recommendation for lenders and financial companies on integrating ESG risks into credit risk, the central bank and financial market regulator said on Monday.

Factory gate prices climb 3 percent in August
Factory gate prices in Hungary rose 3.0pc year-on-year in August, data released by the Central Statistics Office (KSH) on Monday show.

Jobless rate stands at 4.2 percent in August
Hungary's jobless rate stood at 4.2pc in August, level with the rate in July but up from 4.0pc twelve months earlier, data released by the Central Statistics Office (KSH) on Friday show.

NBH sees inflation slowing further in September
August's 3.4pc CPI was in line with the National Bank of Hungary's expectations, and the central bank sees inflation falling to 3.1pc in September, Andras Balatoni, an NBH director, said on Thursday.

Minimum wage set to reach 50 percent of average wage by 2027
Hungary's minimum wage needs to rise to 50pc of the average gross wage, excluding bonuses, by January 1, 2027, Sandor Czomba, the state secretary for employment policy, told public media on Thursday.

MBH Bank, Bank of China branch sign MoU on cooperation
MBH Bank, Hungary's second-biggest commercial lender, and Bank of China Limited Hungary Branch have signed a memorandum of understanding on cooperation, MBH said on Thursday.

Policy makers cut base rate 25 points to 6.5 percent
The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.50pc at a monthly policy meeting on Tuesday.