Economy

The government will continue to gradually phase out special taxes on some sectors of the economy, the finance ministry said prior to submitting a bill on tax changes for next year to lawmakers on Tuesday.

New records in investments and exports "can now be taken for granted" for this year, the minister of foreign affairs and trade told parliament's economic committee on Tuesday.

The Hungarian industrial producer price index in September fell by an annual 2.5 percent, the Central Statistical Office (KSH) said on Tuesday.

Hungary's jobless rate stood at 3.9 percent in September, edging down from 4 percent in August but up from 3.7 percent twelve months earlier, the Central Statistical Office (KSH) said on Friday.

Hungarian central bank (NBH) rate-setters cut the base rate by 75 basis points to 12.25 percent at a regular policy meeting on Tuesday.

Gross wages in Hungary grew by an annual 15.2 percent in August, to 555,900 forints (EUR 1,450), the Central Statistical Office (KSH) said on Tuesday.

Gyorgy Matolcsy, the governor of the National Bank of Hungary (NBH), said in Beijing on Wednesday that Hungary's eastern opening policy dovetailed with China's Belt and Road Initiative which is why Hungary had been the first country in Europe to join the scheme.

Managing the increased budget deficits and debt levels within the European Union requires the introduction of a new kind of practice, but this must not lead to the European Commission taking over more elements of member states' national sovereignty, Hungary's finance minister said in ...

Output of Hungary's construction sector fell by an annual 0.5 percent in August, after an intermittent expansion in the previous month, the Central Statistical Office (KSH) said on Monday.

Measures the government took in the summer to boost demand for government securities have "proven extraordinarily effective", resulting in marked increases in the stock of debt held by both retail and institutional investors, the economic development ministry said on Tuesday.