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.
PM announces new interest-free loan to SMEs
Orbán: Government launches action plan to reopen economy
As part of its action plan to relaunch the economy after the coronavirus pandemic, the Hungarian government has decided to introduce a new interest-free loan to help SMEs, Prime Minister Viktor Orbán said on Thursday. SMEs can raise an interest-free loan with ten-year maturity ...
Retail sales fall 3.2 percent in December, edge down 0.2 percent for year
Retail sales in Hungary fell by annual 3.2 percent in December, the Central Statistical Office (KSH) said.
Wages grow 8.6 percent yr/yr in November
Annual wage growth in Hungary was 8.6 percent in November, edging down from 8.8 percent in the previous month, the Central Statistical Office (KSH) said.
Government green-lights the use of any coronavirus vaccine used to inoculate over one million people worldwide
Restrictions to remain in place until March 1
Coronavirus-related restrictions will remain in place until March 1, Gergely Gulyas, the head of the Prime Minister's Office, told a regular press briefing. The government made the decision after a meeting of the operative body responsible for handling the epidemic on Wednesday. Since being ...
Unemployment at 4.3 percent in December
Hungary's three-month rolling average jobless rate was 4.3 percent in December, edging up 0.2 of a percentage point from the previous month, the Central Statistical Office (KSH) said on Thursday.
Consumer, business confidence improve
Consumer and business confidence improved in January from the previous month, economic research institute Szazadveg's gauges of sentiment show.
The two countries have also agreed to extend a long-term gas supply contract
Hungary purchasing enough Russian vaccine to inoculate one million
Hungary is purchasing two million doses of Russia's Sputnik V vaccine, sufficient to inoculate one million people, Foreign Minister Peter Szijjarto said after talks with Sergei Lavrov, his Russian counterpart, in Moscow on Friday.
