Wages up 8.2 percent in May
Average wages in Hungary grew by an annual 8.2 percent in May, the Central Statistical Office (KSH) said on Friday. Average gross wages came to 431,600 forints (EUR 1,204), while net earnings were 287,000. Gross wages not accounting for bonuses came to 402,900 forints, ...
Fitch affirms Hungary ‘BBB’ rating; outlook stable
Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday.
Home building permit issues climb 22 percent in H1
The number of home building permits issued in Hungary rose by an annual 22.4 percent to 15,274 in the first six months, even as the number of new projects in Budapest declined, data released by the Central Statistical Office (KSH) on Thursday show.
Labour market is rebounding quickly after the third wave of the coronavirus pandemic, analyst says
Hungary jobless rate 4 percent in June
Hungary's jobless rate was 4 percent in June, up from 3.9 percent in the previous month, the Central Statistical Office (KSH) said. The rate covering 15-74 year-olds fell by 1 percentage point from the previous year's June. Fully 193,000 were jobless, up 4,000 from ...
Szijjarto: Government accepts operative body proposals on resources, infrastructure
The government has accepted six new proposals of the operative board responsible for relaunching Hungary's economy, four of which aim to make the distribution of resources more efficient and two improve infrastructure, the foreign minister said on Wednesday.
Official: Hungary able to reduce public debt
The head of Hungary's Fiscal Council has praised Hungary's ability to reduce its public debt, pointing out the debt is below the European average.
Central bank raises base rate 30 bps
Hungarian rate-setters raised the central bank's base rate by 30 basis points to 1.20 percent at a scheduled meeting on Tuesday, while they also changed the interest rate corridor.
Matolcsy: government’s economic recovery strategy over-reliant on ‘steel and concrete’
Hungary's sustainable convergence with more developed economies could be inhibited if the government continues to rely on the construction sector to prop up growth once the economy recovers, Gyorgy Matolcsy wrote in an article published on Monday.
DK vows to lead Hungary into euro zone
The Democratic Coalition will lead Hungary into the euro zone if it is victorious in next year's general election, Balazs Barkoczi, the party's spokesman, told an online press conference on Monday.
Matolcsy plugs away at arguments for fiscal tightening
National Bank of Hungary (NBH) governor Gyorgy Matolcsy reiterated and refined arguments for reining in next year's budget deficit in an op-ed piece published on the website of daily Magyar Nemzet on Monday.
