Economic development minister: Inflation to fall into single digits by year-end
Inflation is expected to start declining from next month and fall into the single digits by the end of the year, Economic Development Minister Marton Nagy said on Friday.
Headline inflation 25.7 percent in January
Consumer prices in Hungary grew by an annual 25.7 percent in January, up from 24.5 percent the previous month, the Central Statistical Office (KSH) said on Friday.
Finance ministry: Government ensuring budget stability
Despite the prolonged war in Ukraine and challenges posed by the European Union's sanctions policy, the Hungarian economy has proved resilient, the finance ministry said in its latest monthly report on Wednesday.
Hungary posts December trade deficit of EUR 154 million
Hungary posted a trade deficit in December of 154 million euros, down from 1.415 billion in November, the Central Statistical Office (KSH) said on Wednesday in a first reading of the data.
Industrial output up by 2 percent in December
Output of Hungary's industrial sector rose by an annual 2.0 percent in December, picking up from 0.6 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Guest nights up 22 percent in December
Guest nights spent in commercial accommodations in Hungary in December increased by an annual 22 percent to 1,738,000, the Central Statistical Office (KSH) said on Wednesday.
Hungary PPI falls to 34.9 percent in December
Industrial producer prices in Hungary grew by an annual 34.9 percent in December, down from 37 percent in November, the Central Statistical Office (KSH) said on Tuesday.
Hungary tourism ‘exceeded expectations’ in 2022
Hungary's tourism sector performed "beyond expectations" last year and is on track to top record numbers in 2019, the head of the Hungarian Tourism Agency (MTU) said on Monday.
Finance Minister points to GDP growth over 4 percent in 2024
Hungary's GDP growth could climb over 4 percent next year, thanks to measures bolstering stability, Finance Minister Mihaly Varga said at an event organised by governing alliance partner KDNP and the National Forum Association in Lakitelek, in the southeast of the country, on Saturday.
Economy development minister augurs credit rating agency upgrades ‘soon’
Minister of Economic Development Marton Nagy said Hungary can expect its sovereign rating to be upgraded "within a very short period of time" as a result of favourable economic trends, commenting on a downgrade by S+P Global on Friday.