Retail sales in Hungary continue to disappoint, offering little cause for optimism. Since April 2024, the sector has been stuck in stagnation, with recent data providing few signs of improvement. Despite some positive indicators, the figures remain well below expectations. According to the latest data from the Hungarian Central Statistical Office, June’s weak performance was […]

Hungary’s central bank has taken a breather after a streak of 15 consecutive rate cuts, opting to leave interest rates unchanged at its latest policy meeting. However, policymakers hinted that the pause may be temporary, with room for further "cautious" rate cuts in the near future. This week, the central bank held the benchmark interest […]

As the mercury rises, so do Hungary's property prices and rents. Budapest, the crown jewel of Hungarian real estate, continues to dazzle with average costs per square meter soaring above HUF one million (EUR 2,534). But it's not just the capital feeling the heat – the entire country is experiencing a property price surge that's […]

Hungary's inflation rate inched up in July, surpassing the top end of the central bank's target range and narrowing the room for the continuation of its more than yearlong monetary-easing cycle. After two months of stagnation in the monthly rate of price increases, the pace of one-month inflation shows the same dynamic as the one […]

Hungary’s economic growth bubble burst in the second quarterHungary’s economy contracted in the second quarter, keeping the country’s GDP on a zig-zagging course. Despite continued government optimism on the growth outlook, some analysts are lowering their GDP forecast for the year. In the run-up to the release of second-quarter GDP, forecasts for the performance of […]

KSH said GDP was boosted the most by the construction sector and real estate transactions, as well as by the balance of product taxes and subsidies. The Central Statistical Office (KSH) said Hungary's gross domestic product grew by an annual 1.5% in the second quarter. Adjusted for calendar-year effects, GDP grew by 1.3%. Quarter on […]

Hungary's government has unveiled what it dubs an "anti-war" action plan. The ambitious strategy, announced on Monday, aims to shore up the country's finances through a series of special taxes on banks, energy companies, and multinational firms. Prime Minister Viktor Orbán's administration is no stranger to unconventional economic measures. Once again, they've turned to their […]

The Budapest Stock Exchange's share index, the BUX, closed the week at an all-time high of 72,094.79 points, up 1715.87 points or 2.44%, MTI reported this Sunday along with a brief analysis of the week's trading. Total weekly turnover rose from HUF 55.49 billion to HUF 72.151 billion, with the leading shares, with the exception […]

The stock index of the Budapest Stock Exchange (BSE) rose on an upward trend this week, closing at a historic high of 70,378.92 points on Friday, up 1.21% to 842.36 points from a week earlier, MTI reported Sunday morning along with a brief analysis. The stock market turnover for the week was HUF 55.49 billion, […]

At its meeting on June 18, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 7.00%, lowering the two ends of the interest rate corridor by the same amount with effect from […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at a historic high of 69,879.43 points, up 2.91% on Friday, MTI reported this Sunday morning. The total turnover of the stock market decreased from HUF 93.818 billion to HUF 50.213 billion on a weekly basis. The leading shares rose during the week. […]

In a bold move signaling its commitment to national sovereignty, Hungary’s government has reclaimed Budapest Liszt Ferenc International Airport, the nation’s largest commercial airstrip. The state has officially repurchased the company managing the airport, according to a statement from the Ministry of Economy. The deal, valued at a whopping €3.1 billion (HUF 1.2 trillion), sees […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 67,906.51 points, down 939.62 points or 1.36% compared to last Friday, MTI reported Sunday morning along with a brief analysis of the week.. Total turnover on the stock market rose from HUF 59.450 billion to HUF 93.818 billion on a weekly basis. […]

The Hungarian banking system remains stable and its resilience to shocks is strong, but after last year's outstanding profitability, its profits will decline in 2024, Bálint Dancsik, head of the National Bank of Hungary's (MNB) Financial Stability Report, said on Tuesday. Last year's outperformance in profitability was mainly due to the high interest rate environment […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 68,846.13 points, up 757.89 points or 1.11% on the previous Friday, MTI reported Sunday morning with a brief analysis of the week’s trading. Although only four trading days were held during the week due to the Pentecost holiday, the total turnover of […]