“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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Consumer prices were 1.6% higher on average in September 2026 than in same month of previous year. Compared to August, prices were up by 0.2%. In 12 months, compared to September 2025: Food prices decreased by 1.3% (and by 4.6% excluding food and beverage serving services), within which the price of potatoes went up by […]
Hungary's general government deficit reached HUF 5,261.9 billion at the end of September, widening by HUF 92.8 billion in September alone, a preliminary release of data by the Finance Ministry on Monday shows. The ministry noted that pre-financing in August related to funding from the European Union's Recovery and Resilience Facility (RRF) had added HUF […]
Amid rising trading volume, the Budapest Stock Exchange (BSE) stock index fell this week; on Friday, the BUX closed at 140,050.08 points, down 7.42%, or 11,221.99 points, from the previous week. Weekly trading volume totaled HUF 259.7 billion, up from HUF 99.8 billion the previous week, while the prices of leading stocks declined. On Monday, […]
The rapid improvement in the outlook for Hungarian micro, small, and medium-sized enterprises – which characterized the second quarter – stalled in the third quarter, but SMEs remain optimistic in their forecasts, according to the latest data from K&H Bank’s SME Confidence Index. In its Saturday announcement, the bank stated that the index fell by […]
In September, share turnover on the Budapest Stock Exchange’s spot equity market totaled HUF 566.6 billion, while the average daily trading volume rose to HUF 25.75 billion. The leading investment service providers remained unchanged, with Wood & Company, Concorde and Erste topping the rankings again in September, according to a BSE press release. International stock […]
Hungary had a EUR 481 million trade deficit in August, after months of surpluses, data released by the Central Statistical Office (KSH) on Wednesday show. Exports rose 15.8% year-on-year to EUR 12.044 billion. Imports climbed 28.6% to EUR 12.525 billion. Hungary's energy trade deficit reached EUR 691 million in August, widening from EUR 578 million […]
A total of 14,000 potential jobs are "in the pipeline" thanks to efforts by the government and the Hungarian Investment Promotion Agency (HIPA) to cooperate with interested parties, Áron Porcher, a state secretary at the Economy and Energy Ministry, said fielding questions in parliament on Monday. Porcher responded to a question by Dóra Dúró, an […]
