Foreign visitors’ spending plunges 56 percent in Q1
Spending by foreign visitors in Hungary fell by an annual 56 percent to 164 billion forints (EUR 463m) in the first quarter, data compiled by the Central Statistical Office (KSH) show.
Matolcsy warns 2022 overspending could fuel inflation
National Bank of Hungary (NBH) governor Gyorgy Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation" in a column published on the website of daily Magyar Nemzet on ...
Fidesz: Economy to see 'unprecedented growth spurt'
Finance minister: Action plan to relaunch economy at heart of 2022 budget
The action plan to relaunch the economy is at the heart of the 2022 budget and will help people facing hardships due to the coronavirus pandemic back on their feet, Finance Minister Mihaly Varga said on Sunday. Varga told public Kossuth Radio that Hungary ...
Finance minister: EU acknowledges Hungary’s economic recovery
The European Union acknowledges that Hungary is on the path to economic recovery from the coronavirus crisis, Finance Minister Mihaly Varga said on Friday, noting that the European Commission has raised its projection for Hungary's GDP growth this year to 5 percent from 4 ...
Szijjarto: Cooperation with Turkey economic, security priority
Hungary's government sees strengthening cooperation with Turkey as an economic and security priority, Peter Szijjarto, Hungary's minister of foreign affairs and trade, said on Friday, after meeting Turkish Minister of Trade Mehmet Mus in Budapest.
Finance minister: Hungary ranks 42nd in IMD competitiveness report
Hungary has jumped five places to rank 42nd in the report published by the Swiss IMD World Competitiveness Center, Finance Minister Mihaly Varga said on Thursday. Hungary showed the third largest improvement according to the center's 2021 yearbook which listed 63 countries, Varga told ...
Construction costs could rise by 5-9 percent in H2
Construction costs could rise by 5-9 percent nationally but by even more than 10 percent in Budapest in the second half of the year, Hungarian construction industry association EVOSZ said on Wednesday based on a survey of construction sector companies.
Four opposition parties boycott votes
Parliament passes 2022 budget, paedophile law
Hungary's parliament passed into law the government's 2022 budget in a final vote on Tuesday. The budget passed with 132 votes for and 26 against. The government drafted its budget bill envisaging a GDP growth of 5.2 percent, 3 percent inflation, a deficit target ...
Construction sector output falls 7.2 percent in April
The output of Hungary's construction sector fell by an annual 7.2 percent in April, after growing by 4.3 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Szijjarto: Government determined to capitalise on vaccination lead
A new operative board for restarting Hungary's economic life after the coronavirus epidemic was officially established in Budapest on Tuesday.
