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.

PMI climbs to 55.6 in July

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 55.6 points in July from 55.0 in June, advancing further past the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

Matolcsy: Switch to euro should be ‘safe, successful’

The National Bank of Hungary observes Hungary's 2004 commitment to introduce the European currency, but such a move should only be taken if it can be done "safely and successfully", NBH Governor Gyorgy Matolcsy said in an article published in the online edition of ...

OECD: Hungary showing signs of strong growth

Strong growth is returning to Hungary, according to a country report released by the OECD on Friday. Speaking at an online press conference presenting the Economic Survey of Hungary 2021, Alvaro Pereira, the OECD's director of country studies, said Hungary was showing signs of ...

Wages up 8.2 percent in May

Average wages in Hungary grew by an annual 8.2 percent in May, the Central Statistical Office (KSH) said on Friday. Average gross wages came to 431,600 forints (EUR 1,204), while net earnings were 287,000. Gross wages not accounting for bonuses came to 402,900 forints, ...

Home building permit issues climb 22 percent in H1

The number of home building permits issued in Hungary rose by an annual 22.4 percent to 15,274 in the first six months, even as the number of new projects in Budapest declined, data released by the Central Statistical Office (KSH) on Thursday show.

Labour market is rebounding quickly after the third wave of the coronavirus pandemic, analyst says

Hungary jobless rate 4 percent in June

Hungary's jobless rate was 4 percent in June, up from 3.9 percent in the previous month, the Central Statistical Office (KSH) said. The rate covering 15-74 year-olds fell by 1 percentage point from the previous year's June. Fully 193,000 were jobless, up 4,000 from ...