Capital, liquidity reserves make banking system resilient to crisis
Hungary's banking system was in a "prepared state" as it faced a sharp increase in risks because of the war in Ukraine, and the sector's capital and liquidity reserves ensure lenders will be resilient even if the conflict is protracted, the National Bank of ...
Higher minimum wage, public sector pay lifts wage growth
The average gross wage in Hungary climbed an annual 17.5 percent to 511,400 forints (EUR 1,338) in March, the Central Statistical Office (KSH) said on Tuesday.
Matolcsy calls for programme to boost competitiveness
The central bank is proposing a two-year "competitiveness programme" to restore the economy's "dramatically deteriorated" balance, governor Gyorgy Matolcsy told a conference on Thursday.
Q1 GDP grows 8.2 percent
Hungary's GDP grew by an annual 8.2 percent in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows. Adjusted for calendar year and other effects, GDP rose by 8.0 percent.
Central bank deputy governor: Coordinated fiscal, monetary policy needed to tackle inflation
Fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the spending side to restore balance to the budget, Barnabas Virag, deputy governor of Hungary's central bank (NBH), told a conference on Tuesday.
Construction output growth slows to 10.5 percent
Hungarian construction sector output grew by an annual 10.5 percent in March, slowing from an increase of 38.5 percent in the previous month, the Central Statistical Office (KSH) said on Friday.
NBH deputy governor: Hungary economy robust
Hungary's economy is robust, with first-quarter growth estimated over 8 percent, which could put full-year growth around 4 percent, Barnabas Virag, deputy governor of the National Bank of Hungary, said on Thursday.
EBRD puts Hungary GDP growth at 3.5 percent in 2022
The European Bank for Reconstruction and Development (EBRD) forecast Hungary's economy will expand by 3.5 percent this year in a report published on Tuesday.
Inflation 9.5 percent in April
Consumer prices in Hungary grew by an annual 9.5 percent in April, up from 8.5 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday. Food prices rose by 15.6 percent as the price of bread and poultry both jumped by ...
Budget deficit close to HUF 2,636 billionat end-April
Hungary's cash flow-based budget deficit, excluding local councils, reached 2,635.6 billion forints (EUR 6.9bn) at the end of April, the finance ministry said in a preliminary release of data on Monday.
