Economy

Hungarian-American bilateral trade set a new record, exceeding 9 billion dollars last year, while US investments continue to flow into Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said in Washington, DC, on Thursday, noting that the United States is Hungary's biggest ...

The Hungarian economy will return to a path of sustainable growth this year, Finance Minister Mihaly Varga said on Wednesday, adding that employment would remain high and unemployment low.

In January the surplus of the external trade in goods amounted to EUR 497 million, the external trade in goods level increased by 12% on the export side, and was up by 4.2% on the import one, month-on-month

In January 2024, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year. Calendar-adjusted sale volumes increased by 0.2% in specialized and non-specialized food shops and by 4.6% in automotive fuel ...

Output of Hungary's industrial sector fell by an annual 3.6 percent in January, a fraction of the 13.7 percent decline in the previous month, a first reading of data released by the Central Statistics Office (KSH) on Wednesday shows.

Hungary's GDP stagnated in the fourth quarter and contracted 0.9 percent in the full year, the Central Statistical Office (KSH) confirmed in a second reading of the data on Tuesday.

Crowdfunding is known as collective funding. It represents an innovative way to raise funds to support promising and diverse initiatives. According to fintech expert Sergey Kondratenko, this method is based on voluntary investments from participants.

Following hardships in recent years "it is understandable that households are cautious" but reducing that conservatism is required for consumption to pick up, while an increase in investments should lead to a more relaxed attitude by businesses, the national economy minister told the Chamber ...

The government's measures have helped ensure that the country's external financing capacity, consumer price index and real wages start moving in the right direction, Finance Minister Mihaly Varga told an economic policy forum organised by the Hungarian Chamber of Commerce and Industry (MKIK) on ...

The number of registered jobseekers in Hungary fell by 10,000 to 235,400 last month, an all-time low for the month of February, the state secretary for employment policy said on Friday, citing data from the National Employment Service (NFSZ).