Economy

Hungarian GDP is 77 percent of the European Union average, up from 75 percent in 2022, the head of the prime minister's office said on Friday, adding that its performance belied the "crowing of leftist experts and the opinions of the central bank".

Hungary's jobless rate was 4 percent in February, up from 3.9 percent in the previous month, the Central Statistical Office (KSH) said on Friday.

Investments in Hungary from Britain play an important role in maintaining Hungary's economic growth, Peter Szijjarto, the minister of foreign affairs and trade, said on Tuesday.

The Hungarian banking system is stable, and remains robust and functional amid the deteriorating international environment, Finance Minister Mihaly Varga said on Friday.

Output of Hungary's construction sector fell by an annual 3.6 percent in January, the Central Statistical Office (KSH) said on Tuesday.

Industrial output in January eased by an annual 0.2 percent, the Central Statistical Office (KSH) said on Tuesday, quoting detailed data.

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4 percent in 2024, while state debt and government budget deficit will fall, Finance Minister Mihaly Varga said at an event of the Chamber of Commerce and Industry on ...

Consumer prices were up by an annual 25.4 percent in February, driven mostly by household energy and food prices, the Central Statistical Office (KSH) said on Wednesday. Month on month, prices edged up by 0.8 percent. The highest price rises were measured for electricity, ...

Economic policymaking already "took a wrong turn" in 2021, before the war in Ukraine and sanctions of 2022, Gyorgy Matolcsy, the head of Hungary's central bank (NBH) told MPs on Wednesday.

Hungary's cash-flow-based budget balance finished February with a 1,525.1 billion forint (EUR 4bn) deficit, the Finance Ministry said in a preliminary release of data on Wednesday.