Finance Minister: Stable banking system boosts Hungary’s sovereignty
Hungary's banking sector remains stable, which bolsters the country's resilience against crises, and the newly established MBH Investment Bank further strengthens competition, the finance minister said at the event marking the birth of the new bank.
Ministry: Hungary supports more disciplined EU fiscal policy
The Hungarian government is committed to reducing the country's budget deficit and public debt, and supports measures aimed at more stringent financial management at the level of the European Union, the finance minister said on Monday.
Decline continues in home construction
In the first three quarters of 2023, 10,808 new dwellings were built, 21% fewer than a year earlier, data released by the Central Statistical Office (KSH) on Monday show. . The number of homes to be built based on issued dwelling construction permits and ...
PMI up at 50.5 in October
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 50.5 points in October from 47.4 in September, climbing above the 50 point threshold that signals expansion in the manufacturing sector, Halpim, the compiler of the index, said on Thursday.
Trade surplus at EUR 665 million in August
Hungary's trade surplus was 665 million euros in August and its trade balance improved by 2.3 billion euros compared with the same month last year, the Central Statistical Office (KSH) said in a second reading of data on Thursday.
Government to continue phasing out sectoral taxes
The government will continue to gradually phase out special taxes on some sectors of the economy, the finance ministry said prior to submitting a bill on tax changes for next year to lawmakers on Tuesday.
Szijjarto: Record investments, exports in 2023
New records in investments and exports "can now be taken for granted" for this year, the minister of foreign affairs and trade told parliament's economic committee on Tuesday.
September PPI down 2.5 percent yr/yr
The Hungarian industrial producer price index in September fell by an annual 2.5 percent, the Central Statistical Office (KSH) said on Tuesday.
Jobless rate 3.9 percent in September
Hungary's jobless rate stood at 3.9 percent in September, edging down from 4 percent in August but up from 3.7 percent twelve months earlier, the Central Statistical Office (KSH) said on Friday.
Central bank cuts base rate by 75 points
Hungarian central bank (NBH) rate-setters cut the base rate by 75 basis points to 12.25 percent at a regular policy meeting on Tuesday.