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 ...
Construction sector output falls 7.2 percent in April
The output of Hungary's construction sector fell by an annual 7.2 percent in April, after growing by 4.3 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Szijjarto: Government determined to capitalise on vaccination lead
A new operative board for restarting Hungary's economic life after the coronavirus epidemic was officially established in Budapest on Tuesday.
Hungary industrial output in April up 58.8 percent
Hungary's unadjusted industrial output grew by an annual 58.8 percent in April from a low base, according to a second reading of Central Statistics Office (KSH) data released on Tuesday.
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.
Parliament passes Hungary’s 2022 headline budget
Parliament on Tuesday passed into law the main figures of the government's 2022 budget, together with amendments by parliament's budget committee.