Economy

The prime minister said US President Donald Trump was re-negotiating tariffs with all countries where the US had a deficit, aiming to improve the current situation.

Minister Nagy said the budget draft would be sent to the Fiscal Council in the coming week and submitted to lawmakers on May 2.

Full-time employees’ average gross earnings were HUF 661,400 and average net earnings with tax benefits reached HUF 455,000 in February 2025. Average gross earnings grew by 9.3%, net earnings increased by 9.1% and real earnings were 3.5% higher than a year earlier. Median gross ...

Róbert Zsigó said that 416 shops had been checked for compliance, so far, and no violations had been found.

Standard & Poor's has given Hungary's credit rating a negative outlook while maintaining the same investment grade.

Construction output volume, based on raw data, lagged behind the previous year’s level by 4.5% in February 2025. Out of the main groups of construction the construction of buildings lessened by 11.0%, that of civil engineering grew by 15.3%. Based on seasonally and working ...

The volume of industrial production lagged behind the one year earlier level by 8.7% in February 2025, based on working-day adjusted data, declined by 8.0%. Production dropped in every manufacturing subsection, at the highest rate in the manufacture of electrical equipment. According to seasonally ...

Consumer prices were 4.7% higher on average in March 2025 than a year earlier. Compared to February, prices were unchanged on average.

In February 2025, the volume of retail trade was 0.2% lower in raw data, or 3.3% higher in calendar (and leap-year effects) adjusted terms, than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale ...

Minister Nagy said his ministry put GDP growth at 2.5% for 2025 and 4.1% for 2026.