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.
Hungary issues green panda bond
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 ...
Central bank hikes base rate to 2.40 percent
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 expects 6.0-6.5 percent 2021 GDP growth
Finance Minister Mihaly Varga has said Hungary's economy was expected to grow by 6.0-6.5 percent this year.
Fuel, tobacco price increases lift November inflation to 7.4 percent
Consumer prices in Hungary grew by an annual 7.4 percent in November, after hitting 6.5 percent in October, the Central Statistical Office (KSH) said on Wednesday.
