Wages grow 7.9 percent in July
Wages in Hungary grew by an annual 7.9 percent in July from 3.5 percent in in the previous month, the Central Statistical Office (KSH) said on Wednesday.
Jobless rate at 4 percent in August
Hungary's jobless rate reached 4.0 percent in August, edging up 0.1 percentage point from the previous month and 0.2 percentage point from twelve months earlier, data released by the Central Statistical Office (KSH) on Tuesday show.
Central bank welcomes Moody’s decision to upgrade Hungary’s rating
The National Bank of Hungary welcomes the decision of Moody's Investor Service to upgrade Hungary's sovereign rating to Baa2 from Baa3, the central bank said after the ratings agency issued its decision late on Friday.
Moody’s upgrades Hungary to Baa2, outlook stable
Moody's Investors Service upgraded Hungary's sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on Friday.
Details of tax rebates for parents raising children released
Finance Minister Mihaly Varga revealed details of tax rebates for parents raising children in a video message posted on Facebook on Friday. Varga said the rebates to be paid early next year would go to all parents eligible for family benefits. If both parents ...
Stimulus lifts budget deficit to HUF 1,900.7 billion in August, ministry confirms
Hungary's cash flow-based budget deficit, excluding local councils, reached 1,900.7 billion forints (EUR 5.4bn) at the end of August, widening on stimulus measures, the Finance Ministry confirmed in a second reading of data on Thursday.
Central bank raises base rate to 1.65 percent
Hungarian rate-setters raised the central bank's base rate by 15 basis points to 1.65 percent at a scheduled meeting. The Monetary Council slowed the pace of the central bank's tightening cycle after deciding on 30bp base rate hikes at policy meetings in June, July ...
Finance minister: Government aims to keep Hungary on growth path
To keep Hungary on a growth path the government must launch its economic recovery and resilience programme in all parts of the country, Finance Minister Mihaly Varga said on Friday.
Rate-setter warns about underestimating risk of persistent rise in inflation
It would be a mistake to underestimate the risk of a persistent rise in inflation, National Bank of Hungary deputy governor Barnabas Virag said on Thursday.
Szazadveg raises GDP forecast to 7.8 percent
Hungary's economy is expected to grow by 7.8 percent this year, Szazadveg said on Wednesday. The economic research institute in June forecasted 6 percent growth.
