Competition Office head points to impact of profit-driven inflation on headline CPI
Csaba Balazs Rigo, the head of Hungary's Competition Office (GVH), said corporate profits were to blame, in part, for high inflation, in an interview published in Thursday's issue of daily Magyar Nemzet.
Economic development minister: Hungary economy seeing ‘more and more encouraging results’
The Hungarian economy is seeing "more and more encouraging results, but under no circumstances can we sit back", Economic Development Minister Marton Nagy told business portal Vilaggazdasag in an interview on Friday.
Trade surplus narrows to EUR 1.003 billion in October
The volume of export increased by 3.0% in October 2023 and that of import lessened by 2.5% compared to the same period of the previous year. The surplus was EUR 1.0 billion, the balance improved by EUR 1.9 billion year-on-year. Compared to September, the ...
Central bank director: inflation could fall below 6 pc by year-end
The annual consumer price index could fall below 6 percent by the end of the year, the disinflationary trend that started in 2023 will continue early next year and inflation will return to the central bank's tolerance band in 2025, Andras Balatoni, a central ...
Gross wages up 14 pc yr/yr in October
Gross wages in Hungary grew by an annual 14.0 percent in October, to 564,400 forints (EUR 1,469), the Central Statistical Office (KSH) said on Thursday.
Finance Minister: Spanish EU presidency changes economic rules ‘in line with Hungary’s interests’
The Spanish presidency has amended the draft of the European Union's economic governance reform "to suit Hungary's interests", the finance ministry said on Wednesday.
Central bank cuts base rate by 75 basis points
Hungarian central bank (NBH) rate-setters cut the base rate by 75 basis points, to 10.75 percent, at a regular policy meeting on Tuesday. The scale of the reduction was the same as at the previous rate-setting meeting in November.
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.
