Economy

Hungary and Kazakhstan aim to increase bilateral trade turnover to an annual 1 billion US dollars, Finance Minister Mihaly Varga said after a meeting of the Hungarian-Kazakh Strategic Council on Monday.

Hungary has returned to a path of growth in spite of the Russia-Ukraine war, the ongoing "political attacks from Brussels and the pressure from Washington", Finance Minister Mihaly Varga told the 30th congress of Hungary's ruling Fidesz party on Saturday.

Hungary's economic fundamentals are "stable and strong", Finance Minister Mihaly Varga said addressing the annual Figyelo Top 200 gala in Budapest late on Thursday.

Hungary's economic prospects are heartening, with growth estimated at 3-4 percent in 2024, the finance minister told a meeting of the Official Monetary and Financial Institutions Forum (OMFIF) in Budapest on Thursday.

Hungary's economy in the third quarter expanded by 0.9 percent compared with the previous quarter, adjusted data show, and contracted by 0.4 percent year on year, based on unadjusted data, the Central Statistical Office (KSH) said on Tuesday.

The Hungarian economy has the foundations in place for continued economic growth, Marton Nagy, the economic development minister, told a conference on Monday.

Output of Hungary's construction sector fell by 6.0 percent year-on-year in September, after edging down 0.1 percent in the previous month, data released by the Central Statistical Office (KSH) on Monday show.

Headline industrial output fell by 7.3 percent year-on year in September, following a 5.2 percent decline in the previous month, a detailed release of data by the Central Statistical Office (KSH) on Monday shows.

The government has overcome obstacles to cutting inflation and reduced it to single digits ahead of time, Marton Nagy, the economic development minister, said on Friday, commenting on Central Statistical Office (KSH) data showing that Hungary's annual consumer price index fell to 9.9 percent ...

In September 2023, 1.4 million guests spent 3.4 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments), the Central Statistical Office said on Wednesday. The number of guests was 9.4% higher and that of tourism nights 5.8% higher than a ...