Economy

In the 4th quarter of 2023 service exports calculated in EUR increased by 5.8%, their imports grew by 0.2% compared to the same period of the previous year. The surplus was EUR 2.6 billion, EUR 462 million more than in the 4th quarter of ...

Hungary posted a trade deficit of 271 million euros in December, with the balance of trade improving by 27 million euros, the Central Statistical Office (KSH) said in a second reading of data on Friday.

Mihaly Varga, the finance minister, has said Hungary's economy is expected to grow by 3-4 percent this year, and tax policy would underpin growth.

Factory gate prices in Hungary dropped by an annual 6.8 percent in January, falling for the sixth month in a row after rising for years, the Central Statistical Office (KSH) said on Thursday.

In January 2024, 836 thousand guests spent 2.1 million tourism nights at tourist accommodation establishments1 (commercial, private and other accommodation establishments). The number of guests was 10% higher and that of tourism nights 11% higher than a year earlier. The number of nights spent ...

Hungarian central bank (NBH) rate-setters cut the base rate by 100 basis points to 9.00 percent at a regular policy meeting on Tuesday.

Hungary's jobless rate stood at 4.5 percent in January, up from 4.2 percent in December, the Central Statistical Office (KSH) said on Friday. The rate covers unemployment among people between the ages of 15 and 74.

Hungary has reduced its public debt to 73.5 percent of GDP and will keep it below the EU average, Mihaly Varga, the finance minister, said in Ghent on Friday.

Hungary's cash-flow-based budget surplus came to 54.4 billion forints (EUR 140.3m) at the end of January, the finance ministry confirmed in a detailed reading of data published on Thursday.

Hungary has a fundamental interest in forging the strongest possible cooperation with India, the foreign minister said after talks with counterpart Subrahmanyam Jaishankar in New Delhi on Wednesday.