Economy

The government aims to boost the employment rate to 85 percent and tap the 300,000-strong labor market reserve.

In July the volume of export decreased by 5.6% and that of import by 4.5% compared to the same period of the previous year. The surplus was EUR 443 million, the balance deteriorated by EUR 238 million year-on-year. Compared to July, the adjusted volume ...

Hungary has the eighth-lowest jobless rate in the European Union while it is among the top ten member states in terms of employment.

Industrial producer prices were 0.9% higher on average in September 2024 than one year earlier. Domestic output prices lessened by 0.7%, while non-domestic output prices went up by 1.7%. Compared to the previous month, domestic output prices diminished by 0.2% and non-domestic output prices ...

The volume of Hungary’s gross domestic product was 0.8% lower according to raw data and 0.7% lower according to seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2024 than the value in the corresponding period of the previous year.

In September 2024, 1.5 million guests spent nearly 3.6 million tourism nights at tourist (commercial, private and other) accommodation establishments1. The number of arrivals was 2.0% and tourism nights 1.1% higher than a year earlier. The number of nights spent by domestic guests fell ...

Trenkwalder's latest survey shows a noticeable increase in hourly wages for skilled and semi-skilled workers in Hungary.

The employers' association MGYOSZ has now also declared its agreement in principle to the government's desire to raise the minimum wage to 50% of “regular gross pay”.

S+P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Hungary.

The prime minister said the action plan aimed to boost purchasing power, ensure affordable housing and scale up SMEs with the launch of the Demjan Sandor Programme.