Economy

Industrial output in Hungary fell by an annual 2.3 percent in September, and the output of automotive manufacturers, the biggest segment of Hungary's industrial sector, dropped by an annual 25.9 percent as the global chip shortage impacted the local automotive industry, a detailed reading ...

The European Commission raised its projection for GDP growth in Hungary this year to 7.4 percent in an autumn forecast published on Thursday.

Hungary's cash flow-based budget deficit, excluding local councils, was 2,922.2 billion forints at the end of October, the Finance Ministry said in a preliminary reading of the data on Tuesday.

Hungary's exports fell in September from the same period a year earlier, as industry was impacted by supply chain interruptions, a first reading of data released by the Central Statistical Office (KSH) on Monday shows.

The National Bank of Hungary (NBH) handled the 2020 crisis successfully, and kept inflation at 3.3 percent, close to target, NBH Governor Gyorgy Matolcsy told parliament's economic committee, where he presented the NBH's annual report.

The government has used all financial resources to prevent unemployment during the economic crisis caused by the coronavirus pandemic, Foreign Minister Peter Szijjarto said on Monday.

The finance ministry has lowered its projection for GDP growth this year to 6.8 percent against the backdrop of higher energy prices, inflationary pressure and the impact of the fourth wave of the pandemic, Finance Minister Mihaly Varga said at a conference organised by ...

The number of home building permits issued in Hungary rose by an annual 29.8 percent to 22,430 in the first three quarters even as the number of new projects in the capital declined, data released by the Central Statistical Office (KSH) on Thursday show.