Varga: Budget working group holds inaugural meeting
The Hungarian budget working group, tasked with protecting the fiscal balance, held its inaugural meeting on Monday, Finance Minister Mihaly Varga, the group's head, said.
Nagy meets Turkiye industry, technology minister
Marton Nagy, Hungary's economic development minister, met Mehmet Fatih Kacir, Turkiye's new industry and technology minister, and Omer Bolat, the trade minister.
Finance Minister welcomes Fitch affirmation of Hungary sovereign rating
In spite of the ongoing crisis caused by the war, credit rating agencies Standard and Poor's and Fitch Ratings both affirmed Hungary's investment-grade sovereign rating within the same week, Finance Minister Mihaly Varga said on Facebook on Saturday.
Fitch affirms Hungary’s investment grade rating
Fitch Ratings affirmed Hungary's 'BBB' investment-grade sovereign rating at a scheduled review on Friday.
Construction sector output flat in October
Output of Hungary's construction sector in October edged up an annual 0.1 percent, after falling by 6.0 percent in the previous month, the Central Statistical Office (KSH) said on Friday.
Industrial output down 3.2 percent, automotive and electrical output up in October
The volume of industrial production declined in October 2023 by 3.2%. Based on working-day adjusted data, production went down by 2.8%. Falls were measured in the majority of manufacturing subsections, at the same time, the volume of production grew in the manufacture of transport ...
S+P affirms Hungary investment grade rating
S+P Global Ratings has affirmed Hungary's investment grade rating in spite of the war and the energy crisis caused by sanctions policies, the Finance Ministry said on Friday.
Finance Minister: Ecofin approves release of EU funds to Hungary
European Union finance ministers have approved Hungary's amended Recovery and Resilience Facility (RRF) plan, clearing another obstacle to the release of funds Hungary is entitled to, the finance minister said in Brussels on Friday.
Finance ministry: Government to curb deficit, debt despite higher expenses
The government is working to ensure budget resources to preserve the value of pensions, maintain family subsidies and the utility price cut scheme, despite the significant pressure due to the war in Ukraine, the energy crisis resulting from sanctions and the high-risk global economic ...
Consumer price increase continues to slow in November
Consumer prices were 7.9% higher on average in November 2023 than a year earlier. Compared to October, the prices were unchanged on average, however, motor fuels became 3.6% cheaper.
