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.
Finance Minister: Opposition budget amendment proposals would entail HUF 3,200 billion bigger tax bill
Left-wing amendment proposals to the 2024 budget would add a tax bill of 3,200 billion forints (EUR 8.63bn) on top of current plans, Finance Minister Mihaly Varga said on Wednesday.
Finance Minister: Hungary recognised for good debt management
London-based GlobalCapital has awarded Hungary in two categories for its successful debt management, the finance minister said on Facebook on Tuesday.
Fitch affirms Hungary ‘BBB’ rating with negative outlook
Fitch Ratings affirmed Hungary's investment grade 'BBB' sovereign rating with a negative outlook at a scheduled review on Friday.
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 report: Disinflation set to quicken
Hungary's central bank (NBH) has said disinflation is likely to quicken in the coming months, with both external and internal factors playing a part.
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 ...