Wage growth at 10.1 pc in April
Wage growth in Hungary increased by an annual 10.1 percent in April, picking up from 8.7 percent in the previous month, the Central Statistical Office (KSH) said on Wednesday.
IMF, EBRD raise Hungary GDP growth forecast
Orbán: Achieving 5.5 percent growth requires ‘forceful government decisions’
The Hungarian government will have to make "unexpected, forceful and serious decisions" with regard to the Hungarian economy in order to achieve 5.5 percent GDP growth in 2021, in which case it will be able to afford a tax refund for families, Prime Minister ...
Jobless rate falls to 3.9 percent in May
Hungary's jobless rate was 3.9 percent in May, falling half a percentage point from the previous month and 0.6 pp from the same month a year earlier, the Central Statistical Office (KSH) said on Tuesday.
Central bank, government advance in strategic alliance, in spite of differences
Finance minister says now not the time for budget cuts
Economic policy should be focused on supporting investments, creating jobs and recovering capacities lost to the crisis caused by the coronavirus pandemic, Hungary's finance minister said after a meeting with his Visegrad Group counterparts in Warsaw on Tuesday.
Policy makers raise base rate 30 points to 0.90 percent
The Monetary Council of the National Bank of Hungary (NBH) decided to raise the central bank base rate by 30 basis points to 0.90 percent at a monthly policy meeting on Tuesday.
Foreign visitors’ spending plunges 56 percent in Q1
Spending by foreign visitors in Hungary fell by an annual 56 percent to 164 billion forints (EUR 463m) in the first quarter, data compiled by the Central Statistical Office (KSH) show.
Matolcsy warns 2022 overspending could fuel inflation
National Bank of Hungary (NBH) governor Gyorgy Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation" in a column published on the website of daily Magyar Nemzet on ...
Fidesz: Economy to see 'unprecedented growth spurt'
Finance minister: Action plan to relaunch economy at heart of 2022 budget
The action plan to relaunch the economy is at the heart of the 2022 budget and will help people facing hardships due to the coronavirus pandemic back on their feet, Finance Minister Mihaly Varga said on Sunday. Varga told public Kossuth Radio that Hungary ...
Finance minister: EU acknowledges Hungary’s economic recovery
The European Union acknowledges that Hungary is on the path to economic recovery from the coronavirus crisis, Finance Minister Mihaly Varga said on Friday, noting that the European Commission has raised its projection for Hungary's GDP growth this year to 5 percent from 4 ...
Szijjarto: Cooperation with Turkey economic, security priority
Hungary's government sees strengthening cooperation with Turkey as an economic and security priority, Peter Szijjarto, Hungary's minister of foreign affairs and trade, said on Friday, after meeting Turkish Minister of Trade Mehmet Mus in Budapest.