Minister: Hungary needs 500,000 additional workers

Hungary's labour market is in need of 500,000 additional workers who should preferably be found on the national market before the country turns to guest workers, the economic development minister told a meeting of the National Council for Sustainable Development on Friday.

Factory gate prices up by 29 percent in February

Factory gate prices in Hungary rose by 29.0 percent year-on-year in February, driven by dearer energy and commodities, and the weaker forint, the Central Statistical Office (KSH) said on Friday.

Trade gap widens in January

Hungary had a 413 million euro trade deficit in January, a second reading of data released by the Central Statistical Office (KSH) on Friday shows.

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 ...

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.