Economy

Output of Hungary's industrial sector fell by 4.1 percent year-on-year in February, after falling 4.6 percent in the previous month, data released by the Central Statistical Office (KSH) on Friday show.

Hungary may meet the Maastricht criteria for adopting the euro by the end of 2024, the head of the Fiscal Council said on Thursday.

The number of home completions in Hungary fell by an annual 20 percent to 3,613 in the first quarter, data released by the Central Statistical Office (KSH) on Thursday show.

Government credit schemes such as the Szechenyi Card and Re-industrialisation programme supporting companies are expected to add some 1.0-1.2 percent to the country's GDP this year, saving it from recession, the minister of economic development told a conference on Thursday.

Hungary's economy will avoid recession this year, expanding by 1.5 percent and by 4 percent in 2024, the finance ministry said in an update of the country's Convergence Programme submitted to the European Commission.

Hungary's seasonally adjusted Purchasing Managers Index (PMI) rose to 61.9 points in April from 56.0 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday.

Factory gate prices in Hungary grew by an annual 21.7 percent in March, the Central Statistical Office (KSH) said on Tuesday.

Hungary posted a February trade surplus of 581 million euros, the Central Statistical Office (KSH) said in a second reading of data on Tuesday.

Hungary's jobless was 4 percent at the end of March, unchanged from the previous month, the Central Statistical Office (KSH) said on Friday.

Hungarian investments worth 160 million dollars, a water treatment plant and a meat processing plant were inaugurated, and a population register system established in Laos as part of a tied-aid programme, Foreign Minister Peter Szijjarto said in Vientiane on Thursday.