Real wages drop 6.9 percent in March

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.

Government submits 2024 budget to Fiscal Council

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 ...

Finance minister, central bank governor discuss economic policy

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 ...

Hungary GDP dips 0.9 percent in Q1

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.

Construction sector output falls by 9.8 percent in March

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.