Economy

Hungary now ranks seventh out of 38 countries in this year's OECD Tax Competitiveness Index, up 6 places compared with the previous year, global financial consultant EY said on Tuesday.

Hungarian industrial output grew by an annual 11.3 percent in September, the Central Statistical Office (KSH) said on Tuesday.

Retail sales in Hungary grew by an annual 3 percent in September, down from 3.3 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.

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.