Gulyas: inflation could fall into single digits by October
The government will make good on its promise of bringing inflation down into the single digits by the end of the year; it could happen as early as October or November, Gergely Gulyas, the head of the Prime Minister's Office said at the 32nd ...
Public procurement contract value halved in H1
The value of public procurements in Hungary fell by 54 percent year on year in the first half, to 1,304 billion forints, according to the Public Procurement Authority, while the number of public procurement procedures dropped by 11 percent to 3,478.
Finance Minister: Economy to return to 4 percent growth next year
Hungary's economy is expected to return to growth of around 4 percent next year, Mihaly Varga, the finance minister, said on Saturday.
Online price-monitoring platform could shave half a percentage point off inflation
An online price-monitoring platform launched by the Competition Office (GVH) and the Economic Development Ministry could reduce food prices by 1.5 percentage point and cut headline inflation by around half a percentage point, the ministry said on Friday.
Construction sector output contracts at faster pace in May
Output of Hungary's construction sector dropped by an annual 12.0 percent in May, falling for the sixth month in a row and at a faster clip, data released by the Central Statistical Office (KSH) on Friday show.
Drop in domestic demand curtails industrial production
The volume of industrial production declined in May 2023 by 6.9%, year-on-year. Based on working-day adjusted data production fell by 4.6%. Production dropped in the majority of the manufacturing subsections, however, the production volume increased in the largest weight carrying manufacture of transport equipment, ...
Trade surplus at EUR 1.089 billion in May
Hungary's trade surplus reached 1.089 billion euros in May, widening from 366 million euros in April, the Central Statistical Office (KSH) said in a first reading of data on Monday.
Economic development minister meets with China Construction Bank executive
Economic Development Minister Marton Nagy has held talks with China Construction Bank chairman Tian Guoli in Beijing, his ministry said in a statement issued Saturday.
S+P affirms Hungary BBB- rating with stable outlook
S+P Global Ratings affirmed Hungary's BBB- sovereign rating with a stable outlook at a scheduled review on Friday.
CPI falls to 20.1 percent in June
Consumer prices in Hungary rose by an annual 20.1 percent in June, data released by the Central Statistical Office (KSH) on Friday show. The CPI fell for the fifth month in a row after peaking at 25.7 percent in January.
