The decline for the full year was 5.1 percent
Hungary Q4 GDP growth a pleasant surprise
Hungary's economy in 2020 declined by an annual 5.1 percent, the Central Statistical Office (KSH) said on Tuesday, based on a first estimate. GDP grew by 1.1 percent in the fourth quarter last year compared with the previous quarter and fell by 3.7 percent ...
Finance minister announces recovery plan tenders
Finance Minister Mihaly Varga announced tenders for almost 30 billion forints (EUR 83m) in funding that will be called during the week in the framework of the government's Economic Recovery Action Plan in a video message posted on Facebook on Monday.
Construction output edges 0.3 percent lower in December, contracts 9.1 percent for full year
Output of Hungary's construction sector edged down 0.3 percent year-on-year in December, the Central Statistical Office (KSH) said.
Fitch Ratings and Standard & Poor's reaffirm Hungary's sovereign debt rating
Varga: Credit rating agencies upbeat on economy
The two big rating agencies have reaffirmed their confidence in Hungary, which is classed as investment grade, suggesting that it is not only investors that have confidence in the Hungarian economy, Minister of Finance Mihaly Varga said on Facebook on Saturday.
500,000 Chinese vaccines to arrive next week
Government to introduce immunity certificate
The government has decided to introduce certificates of immunity from Covid for people who have been inoculated against or recovered from the disease, the prime minister's chief of staff said.
Hungary to complete pipeline for Azeri gas by October
Hungary will complete the missing section of the pipeline through which Azerbaijani gas is set to arrive in the country, Foreign Affairs and Trade Minister Peter Szijjarto said on Thursday.
EC projects 4 percent GDP growth in Hungary in 2021
The European Commission projects Hungary's GDP will grow b 4.0 percent this year in a winter economic forecast published on Thursday.
NBH: ‘Significant uncertainty’ for economic outlook
National Bank of Hungary (NBH) policymakers noted at a monthly policy meeting in January the recovery in the industrial and construction sectors and the positive impact of government stimulus, but warned that "significant uncertainty" arose from the possibility of rising risk aversion, the inflationary ...
Budapest prepares ‘tourism reopening package’ to help hospitality industry
The Budapest municipality is preparing a "reopening package" to help the hospitality industry after the lifting of coronavirus-related restrictions, which is expected in the spring, a deputy mayor said.
Industrial output grows 5.8 percent in December
Industrial output in Hungary increased by an annual 5.8 percent in December, a rise that was supported by two additional workdays in the period, the Central Statistical Office (KSH) said in a first reading of data released on Friday.
