Economy

Hungary's cash flow-based budget, excluding local councils, posted a deficit of 2,597.5 billion forints (EUR 6.7bn) at the end of April, the finance ministry confirmed in a detailed release of data on Thursday.

Marton Nagy, the national economy minister, on Tuesday met Radovan Jelasity, chairman of the Hungarian Banking Association, to review macroeconomic and lending trends, his ministry said in a statement.

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.25 percent at a regular policy meeting on Tuesday. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.25 percent ...

A 150 billion forint (EUR 390m) employment support scheme aimed to help job-seekers over the age of 30 is available from Thursday, the state secretary in charge of employment policy said.

Output of Hungary's construction sector fell by an annual 6.3 percent in March, the Central Statistical Office (KSH) said on Wednesday.

Industrial output in Hungary was down by an annual 10.4 percent in March, 2.8 percent when adjusted for the number of workdays, the Central Statistical Office (KSH) said in a second reading of data on Wednesday.

Marton Nagy, the national economy minister, on Tuesday met Hui Zhang, the deputy head of Chinese-owned NIO Europe, and visited NIO's Global Design Centre in Bavaria, the national economy ministry said on Tuesday.

Hungary's consumer price index in April was 3.7 percent higher than the same month a year earlier, the Central Statistical Office (KSH) said on Friday.

Hungarian accommodations recorded 7.1 million guest nights in the first three months of 2024, up by 14 percent from the same period last year, raising hopes that 2024 would become a "record year", the Hungarian Tourism Agency (MTU) said in a statement on Thursday.

Strengthening Hungary-China economic links is important to both countries, the finance ministry state secretary in charge of tax affairs said on Thursday after signing a letter of intent for trade cooperation with Wu Jiang, a representative of the Shandong Dihao International Investment Limited Company.