Karacsony: Participatory budget deepens democracy
The participatory budget, a new form of political engagement, is deepening democracy, Gergely Karacsony, the mayor of Budapest, said at the first meeting of the city's participatory budget held online on Saturday.
Finance minister: V4 poised to be Europe’s engines of growth again
The Visegrad Group countries aim to reclaim their place as Europe's engines of growth once the coronavirus pandemic is over, Finance Minister Mihaly Varga said after a video call with his V4 counterparts on Thursday.
Construction sector output falls by 16.1 percent
Output of Hungary's construction sector declined by an annual 16.1 percent in February, albeit from a high base, the Central Statistical Office (KSH) said on Thursday.
Fiscal Council gives 2021 budget amendments the all-clear
Hungary's Fiscal Council noted on Thursday the deficit target in the 2021 budget would have to be raised. The government earlier said it would raise the 2021 deficit target, calculated according to European Union accounting rules, from 2.9 percent to 7.5 percent of GDP.
February industry output up 1.9 percent yr/yr
Hungarian industrial output grew an annual 1.9 percent in February after declining by 6.7 percent in January, the Central Statistical Office (KSH) confirmed in a second reading on Wednesday.
Hungary external balance indicators improve in 2020
Hungary's external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report published on Tuesday.
Audit office welcomes review findings outlining low risk of graft at local councils
The State Audit Office's review of the compliance of local authorities in tackling corruption has yielded "surprisingly good results", uncovering just a handful of cases of a high risk of graft, the head of the office said on Monday.
Hungary’s green samurai bond issue wins special award
Financial information service provider Capital Eye Limited has recognised Hungary's green bond issue in Japan last year with a special award in its Best Deals of 2020 issue, Finance Minister Mihaly Varga said on Saturday.
Retail sales down 5.9 percent
Retail sales fell by an annual 5.6 percent in February, according to unadjusted data, the Central Statistical Office (KSH) said on Friday. Based on calendar-year adjusted data, sales were down 5.9 percent February.
February industrial production rises 1.9 percent yr/yr
Hungarian industrial production increased by an annual 1.9 percent in February, according to a first estimate issued by the Central Statistical Office (KSH) on Thursday.
