Economy

In 2023, 18,647 new dwellings were built, 9.2% fewer than a year earlier. The number of dwellings to be built under construction permits and simple declarations issued was 21,501, 39% fewer than in 2022.

Peter Szijjarto, the minister of foreign affairs and trade, spoke by phone with Laziz Kudratov, Uzbekistan's minister of investment, industry and trade on Tuesday, Szijjarto said on Facebook.

Targeted European Union funding for EVs would be key to securing the bloc's green transition, the minister of national economy told a conference of the Hungarian Business Leaders Forum in Budapest on Friday.

Hungary's GDP stagnated in the fourth quarter and contracted by 0.9 percent for the full year, the Central Statistical Office (KSH) said in a first reading of data on Wednesday. Adjusted for calendar year effects, GDP rose by an annual 0.4 percent in Q4. ...

Output of Hungary's construction sector in December last year dropped by an annual 4.3 percent, the Central Statistical Office (KSH) said on Wednesday.

Hungary's government will next week announce a business development scheme and one aimed at boosting the labour market activity rate, Economy Minister Marton Nagy said on Tuesday.

The volume of industrial production declined in December 2023 by 13.7%, year-on-year. Based on working-day adjusted data production fell by 8.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in this month than in ...

Consumer prices were 3.8% higher on average in January 2024 than a year earlier. Compared to December, prices were up by 0.7% on average, however, clothing and footwear became 2.1% cheaper.

Hungary's cash flow-based budget, excluding local councils, posted a surplus of 54.4 billion forints (EUR 140.3m) at the end of January, the finance ministry said on Thursday, citing preliminary data.

Minister for National Economy Marton Nagy has called on vehicle fuel sellers to comply with an earlier commitment to keep price levels "competitive in regional comparison", his ministry said on Wednesday.