Economy - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Sun, 25 Oct 2026 22:01:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Economy - Diplomacy & Trade https://dteurope.com 32 32 Hungarian Stock Exchange Ends the Week with Losses https://dteurope.com/economy/hungarian-stock-exchange-ends-the-week-with-losses/ Sun, 25 Oct 2026 19:54:00 +0000 https://dteurope.com/?p=81950 Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, closed at 142,048.59 points on Thursday during the four-day trading week, down 3,422.53 points, or 2.35%, from the previous week. Weekly trading volume totaled HUF 104.67 billion, down from HUF 146.78 billion the previous week, with leading stocks – with the exception […]

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]]> HUF 25 Bn for the Development of Business Exports https://dteurope.com/economy/huf-25-bn-for-the-development-of-business-exports/ Sun, 25 Oct 2026 08:33:00 +0000 https://dteurope.com/?p=81948 HUF 25 billion will be allocated to the development of business exports, Minister of Economy and Energy István Kapitány wrote in a social media post on Sunday. According to the minister, Hungarian expertise is export-ready, and it is time for Hungarian companies to be as well. Hungary is an open economy, and its growth depends […]

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]]> Cautious, Data-Driven Monetary Policy https://dteurope.com/economy/cautious-data-driven-monetary-policy/ Fri, 23 Oct 2026 04:44:21 +0000 https://dteurope.com/?p=81917 The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate on hold at 5.50% at a monthly policy meeting this week. According to an analyst, the central bank continues to pursue a cautious, data-driven monetary policy, which is currently resulting in a wait-and-see approach. In a statement […]

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]]> 2027 Budget Assumes 2.4% GDP Growth https://dteurope.com/economy/2027-budget-assumes-2-4-gdp-growth/ Tue, 20 Oct 2026 08:11:00 +0000 https://dteurope.com/?p=81895 The government assumed GDP growth of 2.4% drafting the 2027 budget, Prime Minister Péter Magyar said in an interview with public radio on Tuesday. Growth is set to accelerate from 1.7-1.8% in 2026, the PM told Kossuth Radio, a day after outlining measures contained in the 2027 budget draft for lawmakers in parliament. He added […]

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]]> The Hungarian Stock Exchange Saw Strong Gains https://dteurope.com/economy/the-hungarian-stock-exchange-saw-strong-gains/ Sun, 18 Oct 2026 18:58:00 +0000 https://dteurope.com/?p=81874 Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index rose this week; the BUX closed at 145,471.12 points on Friday, up 3,800.12 points, or 2.68%, from the previous week. Weekly trading volume totaled HUF 146.78 billion, down from HUF 192.69 billion the previous week, while the prices of leading stocks rose. In its […]

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]]> Economic Stability by Cautious, Data-Driven Monetary Policy https://dteurope.com/economy/economic-stability-by-cautious-data-driven-monetary-policy/ Fri, 16 Oct 2026 11:33:00 +0000 https://dteurope.com/?p=81866 “In the uncertain economic environment, Europe must pursue a cautious macroeconomic policy, while at the same time strengthening its competitiveness by fostering innovation,” National Bank of Hungary (MNB) Governor Mihály Varga stated at the IMF’s annual meeting, MNB says on its website. He underlined that Hungary’s economic outlook had improved significantly in the recent period, […]

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]]> EU Funds: A Solution for Everything? https://dteurope.com/economy/eu-funds-a-solution-for-everything/ Fri, 16 Oct 2026 04:22:33 +0000 https://dteurope.com/?p=81857 In series of articles GKI Economic Research Co. presents the short- and long-term economic challenges facing the new Hungarian government. This time, they examine the macroeconomic effects of European Union funds.The state of the budget, including the inflow of European Union funds, is one of the new government’s key economic policy challenges. The budgetary situation […]

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]]> Fitch Expects Gradual Fiscal Consolidation in Hungary https://dteurope.com/economy/fitch-expects-gradual-fiscal-consolidation-in-hungary/ Tue, 13 Oct 2026 08:47:00 +0000 https://dteurope.com/?p=81826 Hungary's budget is set for a gradual consolidation, while economic growth is expected to accelerate in the coming two years, Fitch Ratings said in a regional credit analysis on Monday. Fitch noted that the fiscal consolidation would follow a loosening before the general election and increased expenditures to counter the impact of drought and higher […]

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]]> Construction Sector Surges in August https://dteurope.com/economy/construction-sector-surges-in-august/ Tue, 13 Oct 2026 07:39:00 +0000 https://dteurope.com/?p=81824 Construction output volume, boosted by the civil engineering segment, increased by 21.9% year-on-year and by 14.0% compared to the previous month in August 2026, the Central Statistical Office (KSH) reports. In August 2026, construction output volume, based on both raw and working-day adjusted data, was 21.9% higher than a year earlier. Among the main construction […]

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]]> Mild Weekly Gain on the Budapest Stock Exchange https://dteurope.com/economy/mild-weekly-gain-on-the-budapest-stock-exchange/ Sun, 11 Oct 2026 18:19:00 +0000 https://dteurope.com/?p=81810 The Budapest Stock Exchange’s stock index, the BUX, closed weekly trading on Friday at 141,671 points, up 1,621 points, or 1.16%. On Friday, trading volume on the stock market totaled HUF 41.7 billion, with blue-chip stocks gaining ground compared to the previous day’s close. Zoltán Varga, a senior analyst at Equilor Investment Ltd., said that […]

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]]> Cost-Savings Balance Out New Expenditure Items https://dteurope.com/economy/cost-savings-balance-out-new-expenditure-items/ Sun, 11 Oct 2026 16:10:00 +0000 https://dteurope.com/?p=81804 The cost of new government measures is balanced out by steps to end "overpricing and waste", keeping the 2026 deficit target at 7.5% of GDP, Finance Minister András Kármán said in a social post on Sunday. Karman said newly launched measures, including start-of-school support for around 400,000 children, a VAT exemption for prescription medicines and […]

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]]> Success of Eurozone Accession More Important Than Timing https://dteurope.com/economy/success-of-eurozone-accession-more-important-than-timing/ Sat, 10 Oct 2026 15:27:00 +0000 https://dteurope.com/?p=81802 National Bank of Hungary (MNB) governor Mihály Varga acknowledged the benefits of adopting the euro, but said ensuring the country was prepared to make the common currency its own was more important than a date for joining the eurozone, addressing an event organized by the Hungarian Civic Cooperation Association. Mihály Varga told the event that […]

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]]> Experts Welcome Lower-than-Expected Inflation Figure https://dteurope.com/economy/experts-welcome-lower-than-expected-inflation-figure/ Fri, 09 Oct 2026 03:52:00 +0000 https://dteurope.com/?p=81780 Hungary's annualized consumer price index (CPI)rose to 1.6% in September from 1.3% in the previous month. The figure was a pleasant surprise for analysts who had expected 1.8%. In the inflation data, the rise in fuel prices was offset by a further decline in food prices – rather than the expected increase – and a […]

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]]> IMF: 'Window of Opportunity' to Revitalize Economy https://dteurope.com/economy/imf-window-of-opportunity-to-revitalize-economy/ Thu, 08 Oct 2026 14:32:00 +0000 https://dteurope.com/?p=81790 International Monetary Fund (IMF) staff said Hungary has a "uniquely favorable window of opportunity" to revitalize its economy, supported by the new government's commitment to deeper European integration and swift measures to unlock European Union funding, in a statement released after regular bilateral consultations on Thursday. "The new government's agenda — to deepen integration with […]

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]]> MNB International Reserves Slip in September https://dteurope.com/economy/mnb-international-reserves-slip-in-september/ Wed, 07 Oct 2026 11:27:23 +0000 https://dteurope.com/?p=81765 International reserves of the National Bank of Hungary (MNB) stood at EUR 62.061 billion at the end of September, down EUR 1.441 billion from a month earlier, data released by the central bank on Wednesday show. Stock of cash, deposits and securities in the reserves slipped EUR 270 million to EUR 45.524 billion, while stock […]

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