Policy makers cut base rate 25 points to 6.5 percent
The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.50pc at a monthly policy meeting on Tuesday.
Gross wages climb 13.9 percent in July
The average gross wage in Hungary rose 13.9pc year-on-year to HUF 636,700 in July, data released by the Central Statistics Office (KSH) on Monday show.
Construction sector output down 6.2 percent
Output of Hungary's construction sector fell 6.2pc year-on-year in July, data released by the Central Statistics Office (KSH) on Friday show.
Ministry: IMF backs Hungary EU presidency goals
Economic growth projections by the International Monetary Fund put Hungary among next year's European Union frontrunners, Finance Minister Mihaly Varga said after meeting IMF Managing Director Kristalina Georgieva in Budapest on Thursday.
Rate-setters agree ‘cautious’, ‘patient’ policy approach still needed
Members of the Monetary Council of the National Bank of Hungary (NBH) agreed that their approach to monetary policy needed to stay "cautious" and "patient" at a monthly policy meeting in August, the minutes from the meeting released on Wednesday show.
All conditions in place for successful ECOFIN meeting, minister says
All conditions are in place for a successful informal meeting of European Union economy and finance ministers in Budapest on September 12-14, Finance Minister Mihaly Varga said at a press conference on Tuesday.
Hungary issues JPY 39.6 billion of samurai bonds
Hungary issued JPY 39.6bn of samurai bonds denominated in Japanese yen on September 5, Friday, by issuing two series with different maturities, the Government Debt Management Agency (AKK) said.
Varga discusses positive outlook for Hungary economy
The outlook for the Hungarian economy is good, with the current moderate economic growth set to accelerate, Finance Minister Mihaly Varga said at the closing plenary session of the 62nd Itinerant Conference of Economists in Nyiregyhaza (NE Hungary) on Friday.
Industrial output edges lower in July
Output of Hungary's industrial sector fell 1.3pc in July, a first reading of data released by the Central Statistics Office (KSH) on Friday shows.
Matolcsy calls for economic policy turnaround
Central bank governor Gyorgy Matolcsy called for a complete turnaround in Hungary's economic policy at the 62nd Itinerant Conference of Economists in Nyiregyhaza (NE Hungary) on Thursday. He argued that a loss of economic policy direction between 2021 and 2024 has undermined the achievements ...
