PPI up 11.2 percent in May

Hungarian industrial producer prices grew by an annual 11.2 percent in May, slowing from a 15.9 percent increase in the previous month, the Central Statistical Office (KSH) said on Friday.

Minister: Opening to the East policy working

Chinese companies have chosen Hungary as their top investment destination in Central Europe, Peter Szijjarto, the minister of foreign affairs and trade, said on Friday, showing that the government's strategy of opening up to the East is bearing fruit.

Kovacs: EU budget proposal bad for Hungary

Proposed European budget provisions are "unserious" and would put Hungary at a greater disadvantage than it is already, Zoltan Kovacs, the state secretary for international relations at the Prime Minister's Office, has said in an interview.

Jobless rate reaches 3.8 percent in May

Hungary's jobless rate was 3.8 percent at the end of May, edging down from 3.9 percent in April, but inching up from 3.4 percent twelve months earlier, data released by the Central Statistical Office (KSH) on Friday show.

Central bank keeps base rate on hold

Hungarian central bank policymakers kept the base rate on hold at 13 percent at a regular rate-setting meeting on Tuesday, while further narrowing the upper band of the interest rate corridor by 100 basis points to 18.5 percent.

Finance Minister: Hungary rejects EC intervening in member states’ budgets

The Hungarian government rejects the European Commission's "even stronger interference" in member states' budgets, Mihaly Varga, the finance minister, said before the meeting of the Council of Finance Ministers (Ecofin) in Luxembourg on Friday, adding that the EC's firmer hand would introduce "yet another ...