Economy

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.

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

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.

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.

Hungary has become the first country in the world to successfully issue a green "panda" bond - targeted at the domestic Chinese market - with a value of around 50 billion forints (EUR 136m), Finance Minister Mihaly Varga said at a press conference on ...

Hungarian central bank rate-setters hiked the base rate by 30 basis points to 2.40 pc at a regular policy meeting on Tuesday.

Finance Minister Mihaly Varga has said Hungary's economy was expected to grow by 6.0-6.5 percent this year.

Industrial output in Hungary dropped by an annual 3.4 percent in October, according to a first reading of data published by the Central Statistical Office (KSH) on Tuesday.