
Higher minimum wage, public sector pay push wage growth above 16 percent
The average gross wage in Hungary rose by an annual 16.6 percent to 497,200 forints (EUR 1,200) in August, the Central Statistical Office (KSH) said on Monday.

Finance minister: Government working to maintain economic growth despite sanctions
The government's high-priority goal is to maintain Hungary's economic growth despite the negative effects of the war and sanctions, Finance Minister Mihaly Varga said on Monday.

Szijjarto: Government committed to attracting investment, keeping economy on growth path
The government continues to focus on attracting as much foreign investment as possible, thus keeping the national economy on a growth path, the minister of foreign affairs and trade said on Friday.

Budget runs HUF 181 billion surplus for September, ministry confirms
Hungary's cash flow-based budget deficit, excluding local councils, had a 2,691.7 billion forint (EUR 6.5m) deficit at the end of September, after running a 181.0 billion forint surplus for the month, the finance ministry confirmed in a second reading of data on Friday.

Unemployment rate in western Hungary among best in EU
The unemployment rate of two western Hungarian regions was among the lowest in the European Union in 2021, with youth unemployment among the lowest in three regions, the technology and industry ministry said on Wednesday, citing Eurostat data.

Government extends mortgage rate freeze
Hungary's government has decided to extend a temporary freeze of mortgage loan interest rates until June 30, 2023, the minister of economic development said on Monday.

Finance Minister: Hungary’s ‘model’ crisis management recognised by IMF
Hungary's achievements after 2010 are seen as something of a "model" for successful crisis management, "therefore they pay attention to us", Finance Minister Mihaly Varga said after the plenary session of the World Bank and the IMF's annual meetings in Washington, DC, on Friday.

Central bank raises overnight secured loan rate by 950 points
Hungary's central bank raised the rate for overnight collateralised loans by 950 basis points to 25 percent from 15 percent, effective 8.45am on Friday, the monetary council said in a statement.

Construction output flat in August
Hungarian construction sector output in August was flat in an annual comparison, the Central Statistics Office (KSH) said on Friday.

Finance ministry: IMF sees Hungary economic growth among highest in region
The International Monetary Fund (IMF) has bumped up its projection for Hungary's economic growth in 2022 to 5.7 percent, among the highest in the region, according to the finance ministry.