Economy

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.

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 ...

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 ...