Economy

Fitch Ratings affirmed Hungary's investment grade 'BBB' sovereign rating with a negative outlook at a scheduled review on Friday.

Hungary's jobless rate was 3.8 percent at the end of May, edging down from 3.9 percent in April, but inching up from 3.4 percent twelve months earlier, data released by the Central Statistical Office (KSH) on Friday show.

Hungary's central bank (NBH) has said disinflation is likely to quicken in the coming months, with both external and internal factors playing a part.

Hungarian central bank policymakers kept the base rate on hold at 13 percent at a regular rate-setting meeting on Tuesday, while further narrowing the upper band of the interest rate corridor by 100 basis points to 18.5 percent.

The Hungarian government rejects the European Commission's "even stronger interference" in member states' budgets, Mihaly Varga, the finance minister, said before the meeting of the Council of Finance Ministers (Ecofin) in Luxembourg on Friday, adding that the EC's firmer hand would introduce "yet another ...

Output of Hungary's construction sector fell by an annual 3.2 percent in April, the Central Statistical Office (KSH) said on Wednesday.

Industrial output fell by an annual 8.3 percent in April, following a 4.1 percent decline in the previous month, a detailed release of data by the Central Statistical Office (KSH) on Wednesday shows.

Addressing the debate of the 2024 budget in parliament on Tuesday, Finance Minister Mihaly Varga qualified the budget as "a defence budget", saying that in times of war Hungary must guarantee its security, protect families, pensions, jobs and maintain low utility costs.

Consumer prices in Hungary rose by an annual 21.5 percent in May, the Central Statistical Office (KSH) said on Thursday.

Hungary posted a trade surplus of 308 million euros in April, the Central Statistical Office (KSH) said in a first reading of data on Thursday.