Economy

In November 2023, 1.0 million guests spent 2.5 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments). The number of guests was 13% higher and that of tourism nights 7.5% higher than a year earlier. The number of nights spent ...

The value of exports was 3.8% and that of imports 25% lower in EUR terms in November 2023 than in the same period of the previous year. The balance of external trade in goods improved by EUR 3.2 billion. Compared to the previous month, ...

The year ahead will be the year of boosting Hungary's economic growth, the finance minister said on Thursday, adding that the state budget remained stable.

According to preliminary data the deficit as a proportion of GDP was 3.7% in the 3rd quarter, improving by HUF 264 billion, or by 2 percentage points compared to the previous year, and represents 5.4% in the first three quarters, being a deterioration of ...

Hungary's public finance deficit narrowed in 2023 from 2022, Finance Minister Mihaly Varga said on Tuesday, after receiving the first aggregates of budget data from last year.

Just as in 2023, the government will this year protect the value of pensions, the cultural and innovation ministry's state secretary said on Tuesday.

The government targets growth of 4 percent next year, Marton Nagy, the economic development minister, said in a video posted on Facebook on Friday.

Hungary received 300 billion forints (EUR 784.8m) in funding from the European Union RepowerEU funds on Thursday, the finance minister said.

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.

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.