Wage growth up 10.6 percent

Wage growth in Hungary was up at an annual 10.6 percent in December, up from 8.6 percent in the previous month, the Central Statistical Office (KSH) said on Thursday.

Hungary adds 28,208 housing units in 2020

Housing completions in Hungary rose by 33.5 percent to 28,208 in 2020, an eleven-year record, the Central Statistical Office (KSH) said on Wednesday. But the number of home-building permits issued dropped by 35.8 percent to 22,556, continuing a decline started after the phase-out of ...

Central bank keeps rates on hold

Hungarian central bank (NBH) rate-setters kept the base rate at 0.60 percent at a scheduled meeting on Tuesday. The interest rate corridor was also kept at the same level.

The decline for the full year was 5.1 percent

Hungary Q4 GDP growth a pleasant surprise

Hungary's economy in 2020 declined by an annual 5.1 percent, the Central Statistical Office (KSH) said on Tuesday, based on a first estimate. GDP grew by 1.1 percent in the fourth quarter last year compared with the previous quarter and fell by 3.7 percent ...

Finance minister announces recovery plan tenders

Finance Minister Mihaly Varga announced tenders for almost 30 billion forints (EUR 83m) in funding that will be called during the week in the framework of the government's Economic Recovery Action Plan in a video message posted on Facebook on Monday.

Fitch Ratings and Standard & Poor's reaffirm Hungary's sovereign debt rating

Varga: Credit rating agencies upbeat on economy

The two big rating agencies have reaffirmed their confidence in Hungary, which is classed as investment grade, suggesting that it is not only investors that have confidence in the Hungarian economy, Minister of Finance Mihaly Varga said on Facebook on Saturday.

500,000 Chinese vaccines to arrive next week

Government to introduce immunity certificate

The government has decided to introduce certificates of immunity from Covid for people who have been inoculated against or recovered from the disease, the prime minister's chief of staff said.