Economy

Guest nights at commercial and private tourism accommodations in Hungary rose 3.6pc to 6,987,000 in August from the same period a year earlier, data released by the Central Statistics Office (KSH) on Monday show.

The National Bank of Hungary (NBH) has issued a recommendation for lenders and financial companies on integrating ESG risks into credit risk, the central bank and financial market regulator said on Monday.

Factory gate prices in Hungary rose 3.0pc year-on-year in August, data released by the Central Statistics Office (KSH) on Monday show.

Hungary's jobless rate stood at 4.2pc in August, level with the rate in July but up from 4.0pc twelve months earlier, data released by the Central Statistics Office (KSH) on Friday show.

August's 3.4pc CPI was in line with the National Bank of Hungary's expectations, and the central bank sees inflation falling to 3.1pc in September, Andras Balatoni, an NBH director, said on Thursday.

Hungary's minimum wage needs to rise to 50pc of the average gross wage, excluding bonuses, by January 1, 2027, Sandor Czomba, the state secretary for employment policy, told public media on Thursday.

MBH Bank, Hungary's second-biggest commercial lender, and Bank of China Limited Hungary Branch have signed a memorandum of understanding on cooperation, MBH said on Thursday.

The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 6.50pc at a monthly policy meeting on Tuesday.

The average gross wage in Hungary rose 13.9pc year-on-year to HUF 636,700 in July, data released by the Central Statistics Office (KSH) on Monday show.

Output of Hungary's construction sector fell 6.2pc year-on-year in July, data released by the Central Statistics Office (KSH) on Friday show.