Szijjarto: Hungary’s role in European car industry ‘akin to life insurance policy’
Hungary having become a crucial player in Europe's auto industry is "akin to an economic life insurance policy", Peter Szijjarto, the minister of foreign affairs and trade, told a conference on Thursday.
Central bank sees faster disinflation from second half of 2023
Hungary's central bank has said it expects inflation to fall "moderately" in the coming months, then at a faster pace in the second half of the year.
NBH governor addresses Boao Forum for Asia
Achieving environmental sustainability is the biggest challenge of the 21st century, Gyorgy Matolcsy, governor of the National Bank of Hungary (NBH), told the Boao Forum for Asia conference in China's southern Hainan province on Wednesday, urging a transition from quantitative to qualitative growth in ...
Nagy: Defeating inflation priority, EU cohesion funds expected to arrive by summer
Defeating inflation and staying on track to narrow the wealth gap with other European Union countries are priority tasks this year, Marton Nagy, the minister of economic development, told a conference on Wednesday, adding that Hungary had a good chance of receiving EU monies ...
Central bank leaves base rate unchanged at 13 percent
Hungarian central bank rate-setters left the base rate of 13 percent unchanged at a regular policy meeting on Tuesday. At the last policy meeting on Feb. 28, the Monetary Council stuck to the base rate maintained since last September, while keeping the one-day deposit ...
Gross wages up 16.1 percent in January
In January 2023 full-time employees’ gross average earnings were HUF 528,000 and average net earnings with tax benefits reached HUF 363,900. Average gross earnings grew by 16.1%, and average net earnings were 16.0% higher than a year earlier.
Hungary GDP at 77 percent of EU average
Hungarian GDP is 77 percent of the European Union average, up from 75 percent in 2022, the head of the prime minister's office said on Friday, adding that its performance belied the "crowing of leftist experts and the opinions of the central bank".
Jobless rate slightly up
Hungary's jobless rate was 4 percent in February, up from 3.9 percent in the previous month, the Central Statistical Office (KSH) said on Friday.
Szijjarto: UK investments in Hungary key for economic growth
Investments in Hungary from Britain play an important role in maintaining Hungary's economic growth, Peter Szijjarto, the minister of foreign affairs and trade, said on Tuesday.
Finance Minister: Hungarian banking system ‘robust, functional’ despite failing intl environment
The Hungarian banking system is stable, and remains robust and functional amid the deteriorating international environment, Finance Minister Mihaly Varga said on Friday.
