Economy

Factory gate prices in Hungary rose by an annual 37.0 percent in November, driven by dearer energy and commodities, and the weaker forint, the Central Statistical Office (KSH) said on Thursday.

Public debt fell faster than projected last year and the deficit target was fulfilled, the finance minister said on Tuesday.

The government is working to protect Hungarian companies and the economy, Marton Nagy, the minister for economic development, said on Monday.

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 63.1 points in December from 56.0 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

ungary's government on Thursday issued a decree amending the 2023 budget, the finance ministry said. Next year's budget envisages GDP growth of 1.5 percent, a declining budget deficit and falling public debt, the ministry said.

Gergely Gulyas, the head of the Prime Minister's Office, on Wednesday welcomed the Fiscal Council's unanimous approval of the government's draft of amendments to the 2023 budget. Gulyas said the budget earmarks more than 2,600 billion forints (EUR 6.5bn) for keeping household utility bills ...

The Fiscal Council raised no objections to the government's draft of amendments to the 2023 budget, but acknowledged risks to achieving fiscal targets in an opinion issued on Tuesday.

The government has submitted a draft budget amendment to the Fiscal Council, the finance ministry said on Friday. The prolonged war and the energy crisis will be in its second year in 2023, posing a threat to Hungarian families, the economy and jobs, the ...

Hungary's central bank has said it expects a decline in inflation to become "increasingly pronounced" in the second half of 2023 owing to both internal and external factors.

Hungary had a 923 million euro trade deficit in October, a second reading of data released by the Central Statistical Office (KSH) on Thursday shows.