Economy

Factory gate prices in Hungary were up by 2.7 percent year-on-year in June, climbing for the first time in close to a year, the Central Statistical Office (KSH) said on Wednesday.

Hungarian gross domestic product grew by an annual 1.5 percent in the second quarter, the Central Statistics Office (KSH) said in a first reading of data on Tuesday. Adjusted for calendar-year effects, GDP grew by 1.3 percent.

The number of guest nights spent in commercial accommodations in Hungary came to 4.2 million in June, up 3.1 percent year on year, the Central Statistical Office (KSH) said on Tuesday.

The European Union supports the G20's roadmap for enhancing cross-border payments, Mihaly Varga, the finance minister, told public broadcaster Kossuth Radio on Friday.

Hungary has seen the highest ever visitor numbers so far this year; in the first 200 days of the year the number of tourists was up by nearly 12 percent and the number of guest nights was up by 8 percent compared with last ...

The average gross wage of full-time employees was 652,00 forints (EUR 1,670) in May, up by 14.8 percent year on year, the Central Statistical Office (KSH) said on Wednesday.

The nuclear and solar energy industries, and the e-transition of the car manufacturing industry are the three pillars on Hungary's long-term growth, the minister of foreign affairs and trade said in Bucharest on Wednesday.

Hungarian central bank (NBH) rate-setters cut the base rate by 25 basis points to 6.75 percent, while lowering both ends of the interest rate corridor to the same extent, at a regular policy meeting on Tuesday.

In spite of unfavourable external factors resulting from the war, Hungary's economy has returned to a growth path. "Even under great pressure, the Hungarian budget will guarantee the protection of pensions and family subsidies, as well as ensure the resources necessary to maintain reduced ...

Hungary which has a population of 10 million can receive 20 million tourists, and the country could raise the number of guest nights at tourism accommodations to an annual 50 million by 2030 from 41.8 million at present, the head of the Hungarian Tourism ...