Economy

Hungary's parliament on Tuesday passed the government's draft budget for 2023, with 135 votes in favour and 54 votes against. The budget calculates with a GDP growth of 4.1 percent, a 3.5 percent-of-GDP target deficit, and 5.2 percent inflation. Finance Minister Mihaly Varga said ...

Output of Hungary's construction sector grew by an annual 9.9 percent in May, accelerating from a 3.2 percent increase in the previous month, the Central Statistical Office (KSH) said on Friday.

The European Commission raised its projection for Hungary's GDP growth this year to 5.2 percent and said it would slow to 2.1 percent in 2023, in a summer forecast published on Thursday.

Hungarian rate-setters raised the central bank's base rate by 200 basis points, to 9.75 percent, at an extraordinary meeting on Tuesday. The Council also decided on Tuesday to raise the O/N deposit rate by 200 basis points to 9.25 percent and the O/N and ...

Parliament on Tuesday passed into law the main figures of the government's 2023 budget.

The United States has terminated its double taxation avoidance agreement with Hungary signed 43 years ago, Minister of Foreign Affairs and Trade Peter Szijjarto said on Facebook on Saturday.

Consumer prices in Hungary rose by an annual 11.7 percent in June, accelerating from 10.7 percent in May, the Central Statistical Office (KSH) said on Friday.

Guest nights at commercial accommodations in Hungary jumped an annual 146 percent to 1,769,000 in May, rebounding from a low pandemic base, data released by the Central Statistical Office (KSH) on Thursday show.

The National Bank of Hungary (NBH) raised the rate for its one-week deposit facility by 200 basis points to 9.75 percent on Thursday.

It is "incorrect and unlawful" by Brussels to tie the transfer of recovery funds due to Hungary to the approval of the global minimum tax, the head of parliament's economic committee said on Thursday.