Industrial output grows 5.8 percent in December

Industrial output in Hungary increased by an annual 5.8 percent in December, a rise that was supported by two additional workdays in the period, the Central Statistical Office (KSH) said in a first reading of data released on Friday.

PM announces new interest-free loan to SMEs

Orbán: Government launches action plan to reopen economy

As part of its action plan to relaunch the economy after the coronavirus pandemic, the Hungarian government has decided to introduce a new interest-free loan to help SMEs, Prime Minister Viktor Orbán said on Thursday. SMEs can raise an interest-free loan with ten-year maturity ...

Wages grow 8.6 percent yr/yr in November

Annual wage growth in Hungary was 8.6 percent in November, edging down from 8.8 percent in the previous month, the Central Statistical Office (KSH) said.

Government green-lights the use of any coronavirus vaccine used to inoculate over one million people worldwide

Restrictions to remain in place until March 1

Coronavirus-related restrictions will remain in place until March 1, Gergely Gulyas, the head of the Prime Minister's Office, told a regular press briefing. The government made the decision after a meeting of the operative body responsible for handling the epidemic on Wednesday. Since being ...

Unemployment at 4.3 percent in December

Hungary's three-month rolling average jobless rate was 4.3 percent in December, edging up 0.2 of a percentage point from the previous month, the Central Statistical Office (KSH) said on Thursday.

Consumer, business confidence improve

Consumer and business confidence improved in January from the previous month, economic research institute Szazadveg's gauges of sentiment show.

The two countries have also agreed to extend a long-term gas supply contract

Hungary purchasing enough Russian vaccine to inoculate one million

Hungary is purchasing two million doses of Russia's Sputnik V vaccine, sufficient to inoculate one million people, Foreign Minister Peter Szijjarto said after talks with Sergei Lavrov, his Russian counterpart, in Moscow on Friday.

PM advisor: Hungary could become forerunner in region

Hungary's economy could grow by up to 6 percent this year and expand by even 6 to 7 percent in 2022, leaving neighbouring countries behind to become a forerunner in the region, Marton Nagy, senior economic advisor to Prime Minister Viktor Orbán, told commercial ...