Stimulus lifts budget deficit to HUF 1,803.7 bn in July, ministry confirms
Hungary's cash flow-based budget deficit, excluding local councils, was 1,803.7 billion forints (EUR 5.14bn) at the end of July, widening on stimulus measures, the finance ministry confirmed in a second reading of data on Thursday.
GDP growth could come to 7 percent in 2021, says PM economy advisor
Hungary's full-year economic growth could be "around 7 percent" in 2021, Marton Nagy, the prime minister's advisor on economic policy, said on public radio on Wednesday, a day after preliminary Q2 GDP data were released.
Economic recovery in Hungary is moving forward at a pace that is "among the fastest in the European Union", minister says
GDP up 17.9 percent in Q2
Hungary's second-quarter GDP grew by an annual 17.9 percent after a double-digit decline in the base period, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows. Adjusted for seasonal and calendar year effects, GDP climbed by 17.7 percent.
Matolcsy calls for institutional change
Hungary is a laggard in competitiveness, and the country will continue to bear the high costs unless it improves on this score, Gyorgy Matolcsy, the governor of Hungary's central bank (NBH), wrote in an article published on Monday.
Official: Global minimum tax against Hungary’s interests
Hungary refuses to give up its financial sovereignty by introducing a global minimum corporate tax rate, finance ministry state secretary Andras Tallai told publisher Mediaworks, arguing that such a tax would hurt businesses, consumers and the economy as a whole.
Ministry welcomes S+P’s affirmation of Hungary’s ‘BBB’ rating
The finance ministry has welcomed S+P Global Ratings' affirmation of Hungary's 'BBB' sovereign rating with a stable outlook, calling it an acknowledgement of the resilience the Hungarian economy had shown this year.
Construction sector output jumps from low base in June
Output of Hungary's construction sector jumped by an annual 27.8 percent in June, recovering from a double-digit decline in the base period, the Central Statistical Office (KSH) said on Friday.
S+P affirms Hungary ‘BBB’ rating with stable outlook
S+P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday.
Official: Government pandemic response successful in protecting wages
The Hungarian government's pandemic response measures have been successful in protecting wages, rebooting the economy and putting the country on a growth path, state secretary for employment policy Sandor Bodo said on Thursday.
Industrial output up 22 percent yr/yr in June
Industrial output in Hungary grew by an annual 22.0 percent in June, the Central Statistical Office (KSH) KSH confirmed on Wednesday.
