Government cutting tax bills by HUF 1,000 billion in response to pandemic
As well as extending subsidies, introducing a credit moratorium, and phasing in the 13-month pension, the government has cut taxes by 1,000 billion forints (EUR 2.86bn) in response to the coronavirus pandemic, a finance ministry official said on Sunday.
Retail sales rebound as pandemic restrictions ease
Retail sales in Hungary rose by an annual 9.9 percent in April, climbing for the first time since last summer as pandemic restrictions were eased, data released by the Central Statistical Office (KSH) on Friday show.
Second reading "adds to the surprise", analyst says
Revised GDP data reveals smaller drop in Q1
Hungary's economic output declined by an annual 2.1 percent in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. The decline was revised up from a 2.3 percent drop in a first reading published on May 18.
Projection beats government estimate of 4.3 percent
OECD: Hungary’s economy expected to grow by 4.6 percent this year
Hungary's GDP is expected to grow by 4.6 percent this year, according to the OECD's biannual forecast released on Monday. "Economic activity is expected to rebound from mid-2021 onwards, as a swift vaccination rollout supports the recovery of private consumption. External demand will strengthen ...
Investment growth at 2.5 percent in Q1
Investment volume in Hungary rose by an annual 2.5 percent in the first quarter of 2021, level with the rate of growth in the previous quarter, the Central Statistical Office (KSH) said on Monday.
Wage growth slows to 8.7 percent in March
Year-on-year wage growth in Hungary slowed to 8.7 percent in March from 9.8 percent in the previous month, data released by the Central Statistical Office (KSH) on Friday show.
Analyst expects an improvement in the coming months as the economy re-opens
Jobless rate rises to 4.4 percent
Hungary's jobless rate reached 4.4 percent in April, climbing 0.4 percentage point from the previous month as well as from the same month a year earlier, data released by the Central Statistical Office (KSH) on Thursday show.
Finance minister puts Q2 GDP growth at 12-14 percent
Hungary's economy could grow by around 12-14 percent in the second quarter, Finance Minister Mihaly Varga said at an annual meeting of the Joint Venture Association on Thursday.
Minister: Hungary won’t accept CAP deal that hurts farmers
Hungary will not accept an agreement on the European Union's Common Agricultural Policy that hurts Hungarians who make a living from agriculture, Istvan Nagy, the minister of agriculture, said after the first day of a meeting of the bloc's Agriculture and Fisheries Council in ...
Banking association backs only targeted support for borrowers in need
The Hungarian Banking Association on Wednesday said it cannot back support for borrowers that extends beyond those who really need it in minutes from an annual meeting of the professional body's board.
