Finance minister: Hungary ranks 42nd in IMD competitiveness report

Hungary has jumped five places to rank 42nd in the report published by the Swiss IMD World Competitiveness Center, Finance Minister Mihaly Varga said on Thursday. Hungary showed the third largest improvement according to the center's 2021 yearbook which listed 63 countries, Varga told ...

Construction costs could rise by 5-9 percent in H2

Construction costs could rise by 5-9 percent nationally but by even more than 10 percent in Budapest in the second half of the year, Hungarian construction industry association EVOSZ said on Wednesday based on a survey of construction sector companies.

Four opposition parties boycott votes

Parliament passes 2022 budget, paedophile law

Hungary's parliament passed into law the government's 2022 budget in a final vote on Tuesday. The budget passed with 132 votes for and 26 against. The government drafted its budget bill envisaging a GDP growth of 5.2 percent, 3 percent inflation, a deficit target ...

Orbán: All social groups in Hungary withstood crisis

PM promises PIT exemption for parents if 2021 economic growth reaches 5.5 percent

Most people in Hungary have withstood the economic crisis linked to the pandemic, Prime Minister Viktor Orbán told a business conference on Wednesday, adding that he could not think of a single social group that had "gone to the wall". Orbán said that Hungary's ...

Headline inflation 5.1 percent in May

Hungary's annual consumer price index was 5.1 percent higher in May and level with April's figure, the Central Statistical Office (KSH) said on Wednesday.

Industrial output in April up 58.8 percent yr/yr

Hungarian unadjusted industrial output grew by an annual 58.8 percent in April from a low base, according to a first reading of Central Statistical Office (KSH) data released on Tuesday.