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.
Audit Office head suggests scrapping personal income tax
The head of the State Audit Office (SAO), Laszlo Domokos, in an article published by the daily Magyar Nemzet on Wednesday, said ideally personal income tax should be scrapped altogether, arguing that PIT was a burden on work and generally perceived as a "punishment".
Inflation eases to 4.6 percent in July
Hungarian inflation was an annual 4.6 percent in July, after 5.3 percent in June, the Central Statistical Office (KSH) said on Tuesday. CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.1 percent, lifted by a ...
Guest nights jump in June on eased restrictions
The number of guest nights at commercial accommodations in Hungary rose by an annual 57.4 percent to 1,328,000 in June after pandemic-related restrictions were eased, data released by the Central Statistical Office (KSH) on Monday show.
Matolcsy warns of looming global economic crisis, urges structural changes in government
A new global economic crisis is increasingly likely and the government should start formulating a vision for catching up with the more prosperous EU member states over the coming decade, National Bank of Hungary (NBH) governor Gyorgy Matolcsy said on Monday.
Industrial output climbs 22.0 pc in June
Hungary's industrial sector increased by an annual 22.0 percent in June, albeit from a low base, the Central Statistical Office (KSH) said in a first reading of data on Friday.
Retail sales growth accelerates to 6.2 percent in June
Retail sales in Hungary grew by an annual 6.2 percent in June, increasing for the third month in a row after eight months of declines, the Central Statistical Office (KSH) said on Wednesday. Sales in June increased by an annual 5.8 percent, based on ...
Finance minister: Hungary’s high inflation rate ‘temporary’
Hungary's current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices may return to around 3 percent next year, Finance Minister Mihaly Varga said on Monday.
Matolcsy: Forint crucial to Hungary’s economic wellbeing
The forint has been crucial to Hungary's economic turnaround and management of the coronavirus crisis, Gyorgy Matolcsy, the governor of Hungary's central bank (NBH), said in an article published in the daily Magyar Nemzet.
