
Orbán: Government to freeze retail mortgage interest rates
Hungary's government is freezing retail mortgage interest rates for a six-month period from January, Prime Minister Viktor Orbán announced on Wednesday.

Finance minister: Government to cut taxes by HUF 1,500 billion next year
The government will cut taxes by 1,500 billion forints (EUR 4.bn) in 2022, a video posted on Wednesday on Finance Minister Mihaly Varga's Facebook page showed.

State debt ratio target achievable, State Audit Office says
The state debt ratio targeted for this year is achievable based on the data available by November so the debt rule stipulated by the constitution can also be met, the State Audit Office (ASZ) said in an analysis published on Wednesday.

Hungary has trade deficit for fourth month in a row in October
Hungary had a trade deficit for the fourth month in a row in October, the Central Statistical Office (KSH) confirmed in a second reading of data on Wednesday.

Hungary central bank among first to warn of inflation
Hungary's central bank was among the first to warn of sustained global inflationary pressures, and it was the first in the European Union to kick off a cycle of rate hikes, Csaba Kandracs, the deputy governor of the National Bank of Hungary, said in ...

Finance Minister: GDP expected at 5 percent, deficit target at 4.9 percent in 2022
The finance ministry is calculating with a GDP growth over 5 percent next year, making it possible to reduce the budget deficit target to 4.9 percent, Finance Minister Mihaly Varga said on Friday.

Construction sector output growth at 14.5 percent in October
Output of Hungary's construction sector rose by an annual 14.5 percent in October, the Central Statistical Office (KSH) said on Wednesday.

Kopint-Tarki lowers 2021 GDP forecast to 6.1 percent
Economic research firm Kopint-Tarki has lowered its forecast for 2021 GDP growth to 6.1 percent from 6.8 percent in a projection released in the autumn, the firm's chief executive Eva Palocz said on Wednesday.

Central bank lifts inflation forecast for 2021, lowers GDP growth estimate
The National Bank of Hungary raised its forecast for inflation for this year to 5.1 percent and lowered its projection for economic growth to 6.3-6.5 percent in a preliminary release of the main forecasts from its quarterly Inflation Report.
October industrial output down 3.4 percent
Industrial output in Hungary dropped by an annual 3.4 percent in October, according to a second reading of data published by the Central Statistical Office (KSH) on Tuesday.