Economic development minister: Growth, fiscal balance can be restored simultaneously
Economic growth and the fiscal balance in Hungary can be restored by increasing real wages, which is key to stimulating consumption and speeding up growth, the economic development minister said in Budapest on Monday.
Hungary trade surplus at EUR 559 million in July
Hungary's trade surplus was 559 million euros in July and its trade balance improved by 1.9 billion euros compared with the same month last year, the Central Statistical Office (KSH) said in a second reading of data on Monday.
August jobless rate increases to 4 percent
Hungary's jobless rate stood at 4 percent in August, up from 3.6 percent twelve months earlier, the Central Statistical Office (KSH) said on Friday.
Central bank director: Strong disinflationary trend continues
The strong disinflationary trend continues, with the consumer price index set to fall between 7 and 8 percent by the end of the year, and disinflation will continue in 2024, Andras Balatoni, a central bank director, said on Thursday.
PPI down 2.3 percent in August
Factory gate prices in Hungary edged down by an annual 2.3 percent in August, falling for the first time in years, data released by the Central Statistical Office (KSH) on Thursday show.
EBRD: Hungary’s economy likely to shrink slightly this year
The Hungarian economy is likely to shrink by 0.2 percent this year, the European Bank for Reconstruction and Development (EBRD) has forecast.
Central bank keeps base rate on hold
Hungarian rate-setters kept the base rate at 13.0 percent at a regular policy meeting on Tuesday.
Banks to draft lending recovery plan
The Hungarian Banking Association has agreed to draft a package of measures banks can take to support the recovery of the lending market at a meeting with Economic Development Minister Marton Nagy on Monday.
Gross wages up 15.2 percent, real wages drop 2 percent in July
In July 2023 full-time employees’ average gross earnings were HUF 559,100 and average net earnings with tax benefits reached HUF 385,600. Average gross earnings and average net earnings increased by 15.2% and 15.1%, respectively, while real earnings decreased by 2.0%, compared with a year ...
Finance ministry: Budget ensures resources even during wartime
The budget ensures the resources necessary to maintain the regulated utilities price scheme for households, protect the security of the country, and defend family subsidies and pensions, even during wartime, the finance ministry said on Friday.
