Economy

Guest nights at commercial accommodations in Hungary rose by an annual 1.3 percent to 2,218,000 in September, the Central Statistical Office (KSH) said on Monday.

The European Commission on Monday approved Hungary's Common Agricultural Policy (CAP) Strategic Plan for 2023-2027, clearing the way for the transfer of some 8.4 billion euros in funding.

The decline in Hungary's tax-to-GDP ratio last year was the largest in the European Union, Finance Minister Mihaly Varga said on Friday, citing data compiled by Eurostat.

The number of home building permits issued in Hungary rose by an annual 15.8 percent to 25,984 in the first three quarters of this year, the Central Statistical Office (KSH) said on Friday.

Hungary's seasonally adjusted Purchasing Managers Index (PMI) rose to 56.4 points in October from just below 50 in September, Halpim, the company that compiles the index, said on Wednesday.

Hungary's jobless rate reached 3.8 percent in September, edging up from 3.6 percent in the previous month but down from 4.0 percent twelve months earlier, the Central Statistical Office (KSH) said on Thursday.

Rate-setters of the National Bank of Hungary on Tuesday kept the base rate on hold at 13.00 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.

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.

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.