Including the debt of the country's Eximbank, the Hungary's state debt amounted to 77.5% of GDP (HUF 46,264 billion). According to preliminary financial accounts data, net lending of households was equivalent to 5.2% of GDP in 2022 Q2 (HUF 3,102 billion), the National Bank of Hungary (MNB) reports. As preliminary financial accounts data suggest, general […]
Hungary’s gross domestic product increased by 6.5% in the 2nd quarter of 2022 compared to the corresponding period of the previous year. Raw data and seasonally and calendar adjusted and reconciled data were identical, the country's Central Statistical Office reports. All sections contributed to the growth except for agriculture. Compared to the previous quarter, the […]
The Embassy of India in Budapest has organized a ceremony to celebrate the country’s Independence Day that marks the end of British rule and the establishment of a free and independent Indian nation. As the Embassy statement says, “on August 14, 1947 Indian people freed themselves from the shackles of colonial rulers and decided to […]
There have been reports of a steep rise in the number of infections in recent weeks, but last week's figures show that the epidemic is slowing down again in Hungary. This week's figures confirm this trend. The sad news is that the number of deaths from coronavirus infection in this country has passed the 47,000 […]
Most Hungarian businesses are aware of the effects of climate change, with 50% of firms having environmental protection goals, compared to the EU average of 41%, while only 18% have invested in environmental protection projects, according to a survey by GKI Economic Research Co. Due to a lack of resources, only 15% of domestic companies […]
A third level (the highest) of heat alert has been issued for the whole country from 00.00 hours on Wednesday till midnight on Friday by the National Chief Medical Officer, based on the forecast of the meteorological service, on the recommendation of the National Center for Public Health (NNK). In a joint statement, the NNK […]
The price of one euro (EUR) was 405 forints (HUF) by midday this Tuesday. The Hungarian forint started the week at HUF 392/EUR, and has been free-falling for the second day in a row, the business news site napi.hu writes. The forint weakened sharply on Tuesday after Monday's plunge. At the end of last week, […]
Hungary receives 2,560 doses of the vaccine against monkeypox, which is sufficient to vaccinate 1,280 people, the National Public Health Center (NNK) told the state news agency MTI this Tuesday. The vaccine consists of two doses, which will be administered one month apart. They added that the vaccine, which is available in limited quantities, will […]
After two years of forced hiatus, the relaunched Sziget Festival was met with great interest, according to a statement by the organizers. The event closed with a total of 452,000 visitors. The festival started last Wednesday with a full house, and on Friday and Saturday, it was close to being full. Chief organizer Tamás Kádár […]
A replica of a 4th-century guard boat cruises the Roman-heritage settlements along the River Danube. The special ship passed through Budapest in the morning and docked at the University of Technology and Economics. The aim of the project is to interpret the Danube as a route linking the former Roman Empire. This will include research […]
Busch-Hungária Ltd. used its full production capacity in June, producing 5,037 tons of castings during the month, the Győr-based company, which is part of the German BPW Group, told the Hungarian state news agency MTI. According to the information, this was the first time that production exceeded 5,000 tons in a month. The company expects […]
After a decline in May, the monthly current account deficit in Hungary widened to EUR 806 million in June, the same level as in previous months, according to preliminary data released by the National Bank of Hungary (MNB) on Monday. The current account deficit was EUR 370 million in May and EUR 780 million in […]
Construction output volume decreased by 8.1% in one year and by 5.2% compared to the previous month in Hungary. The volume of construction output in June 2022 fell short of the previous year’s level by 8.1%, according to raw data. Out of the main groups of construction, the output at construction of buildings decreased by […]
The real estate market continues to be summer-like: with extreme holiday season and the changing economic and social environment have resulted in a strong drop in the number of transactions last seen in the epidemic-hit May 2020, according to the executive summary of the latest Duna House barometer. In July 2022, the property agency Duna […]
The Budapest Stock Exchange (BSE) stock index rose in declining turnover this week, closing at 43,662.95 points on Friday, 194.67 points, 0.45% higher than a week ago, the state news agency MTI reported – along the usual weekly analysis – on Sunday morning. The weekly turnover on the stock market was HUF 43.869 billion, compared […]
