Economy

Hungarian economic growth dipped an annual 0.9 percent in the first quarter, the Central Statistical Office (KSH) said in a first reading of the data on Tuesday. Adjusted for seasonal and calendar year effects, GDP contracted by 1.1 percent.

Hungary's GDP contracted and inflation increased in the second half of 2022, the European Commission said in its spring forecast released on Monday.

Hungary is a leader in digitalisation in which Huawei plays a decisive role, the minister of foreign affairs and trade said on Monday after the signing of an agreement on the SEEDs scholarship scheme by representatives of the company and Hungary's National University of ...

Output of Hungary's construction sector slipped by 9.8 percent year-on-year in March, falling for the fourth month in a row, albeit at a slower pace, data released by the Central Statistical Office (KSH) on Monday show.

Output of Hungary's industrial sector fell by an annual 4.1 percent in March, the Central Statistical Office (KSH) said in a second reading of data on Friday.

Consumer prices in Hungary rose by an annual 24 percent in April, the Central Statistical Office (KSH) said on Wednesday. Headline inflation fell for the third month in a row and at a faster pace, dropping from 25.2 percent in March.

Prospective investments that will ensure stable economic growth in Hungary require some half a million new jobholders during the period until 2030, the economic development ministry said on Tuesday.

Hungarian retail sales fell by an annual 12.6 percent in March, or 13.1 percent when adjusted for calendar-year effects, the Central Statistical Office (KSH) said on Friday.

Output of Hungary's industrial sector fell by 4.1 percent year-on-year in February, after falling 4.6 percent in the previous month, data released by the Central Statistical Office (KSH) on Friday show.

Hungary may meet the Maastricht criteria for adopting the euro by the end of 2024, the head of the Fiscal Council said on Thursday.