IMF confirms GDP growth, inflation forecast for Hungary
The Hungarian economy is expected to grow at the third fastest rate in the European Union this year, the International Monetary Fund (IMF) confirmed in its revised regional growth forecast.
Finance minister sees GDP growth of 7 percent in 2021
Thanks to the high inoculation rate, the fourth wave of the coronavirus pandemic is expected to be relatively weak in Hungary, allowing for an estimated 7 percent GDP growth this year, Finance Minister Mihaly Varga told the Portfolio Economic Forum in Budapest on Tuesday.
Central bank raises base rate to 1.80 percent
Hungarian rate-setters raised the central bank's base rate by 15 basis points to 1.80 percent at a scheduled meeting on Tuesday.
Construction sector output up by 10.2 percent in August
Output of Hungary's construction sector grew by an annual 10.2 percent in August, the Central Statistical Office (KSH) said on Thursday.
Official: Government ready to cut social contribution tax by 4 percentage points
In an effort to ease the burden on businesses in light of its policy of raising the minimum wage to a monthly 200,000 forints (EUR 555), the government is proposing a 4 percentage point reduction in the social contribution tax, an official of the ...
Investments in Hungary in good health despite pandemic
The investment rate in Hungary of 27 percent in the second quarter is the highest level for many years, a finance ministry official said on Wednesday, adding that investors in the country were undeterred by the pandemic-related crisis.
Industrial output grows by 2.6 percent in August
Industrial output in Hungary rose by an annual 2.6 percent in August, the Central Statistical Office (KSH) said on Wednesday.
Hungarian interests asserted in talks on global minimum corporate tax, finance minister says
Varga puts 2022 GDP growth at 5.5-6 percent
Finance Minister Mihaly Varga said next year's GDP growth could reach 5.5-6 percent at a business forum organised by the American Chamber of Commerce (AmCham) on Friday.
Inflation 5.5 percent in September
Hungarian inflation was an annual 5.5 percent in September, the Central Statistical Office (KSH) said on Friday.
Rushed introduction of euro could hurt Hungary’s growth, central banker warns
A rushed adoption of the euro that ignores differences in the levels of economic development between Hungary and the euro zone could sacrifice Hungary's growth and even pose risks to its stability, a member of the central bank's Monetary Council said on Wednesday.
