Hungary's annualised consumer price index fell to 1.2% in July from 1.7% in the previous month, data released by the Central Statistics Office (KSH) on Friday show. Food prices dropped 1.1% and fell 4.4% excluding the price of eating out. Pork prices declined 13.1% and fresh fruit prices dropped 12.5%, but cooking oil prices rose […]
Output of Hungary's industrial sector rose 10.1% year-on-year in June, a first reading of data released by the Central Statistical Office (KSH) on Thursday shows. Output rose 4.1% when adjusted for the number of workdays, of which there were two more than in the base period. Output rose in most branches of manufacturing. Among the […]
The Budapest Stock Exchange’s stock index rose to a new all-time high by the end of the week. The BUX closed at 146,688 points, up 2.24% for the week, while trading volume also exceeded the previous week’s level. Leading stocks all ended the week in positive territory. Weekly trading volume totaled HUF 120.5 billion, up […]
Factory gate prices in Hungary edged down 0.4% year-on-year in June, data released by the Central Statistical Office (KSH) show. Prices for domestic sale were up 1.8% while export prices decreased 1.4%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the PPI, rose 1.1%. Domestic energy prices, which account for 30.0% […]
Analysts reacted with some disappointment to the first estimate of second-quarter GDP data, but welcomed the fact that, after a prolonged period of stagnation, the economy appears to have entered a sustained growth trajectory. According to the first estimate released Thursday by the Central Statistical Office (KSH), Hungary’s gross domestic product (GDP) grew by 1.7% […]
Hungary had a EUR 1.305 billion trade surplus in June, widening from EUR 799 million in the previous month, data released by the Central Statistical Office (KSH) on Thursday show. Exports rose 20.9% year-on-year to EUR 14.945 billion. Imports climbed 17.8% to EUR 13.639 billion. Trade with other European Union member states accounted for 73% […]
The Budapest Stock Exchange (BSE) stock index rose this week amid increasing trading volume; on Friday, the BUX closed at 143,471.05 points, up 1.77% from the previous week. Weekly trading volume totaled HUF 106.9 billion, up from HUF 102.8 billion the previous week; leading stocks, with the exception of Richter, gained ground, and Mol reached […]
Hungary will secure HUF 6,000 billion (EUR 16 billion) in EU funds thanks to the anti-corruption measures the government has adopted, Prime Minister Péter Magyar said on social media on Sunday. The prime minister was of the view that the Tisza government had achieved in a few weeks what the Orbán government had failed to […]
The value of public procurement contracts in Hungary fell 31% year-on-year to HUF 1,877.8 billion in the first half, a report published by the Public Procurement Authority shows. The number of contracts rose 7% to 8,288 during the period. Construction contracts accounted for 26.3% of the value of public procurements and orders of goods for […]
The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.75% at a monthly policy meeting on Tuesday. The Council also lowered the central bank's symmetric interest rate corridor by 25 basis points, bringing the O/N deposit rate to 4.75% and the […]
The Budapest Stock Exchange (BSE) stock index fell this week amid declining trading volume; on Friday, the BUX closed at 140,981.27 points, down 1.04% from the previous week. Weekly trading volume totaled HUF 102.8 billion, down from HUF 104.7 billion the previous week, with leading stocks – with the exception of Mol – posting losses. […]
The Hungarian government has made a range of decisions on the taxation of large companies and polluting companies, the elimination of tax avoidance practices by trusts, and a taxation practice that selectively punishes companies, Prime Minister Péter Magyar said late on Friday in a post on social media. "We are also putting order the payment […]
The government calculates with GDP growth of 1.6-1.7% in Hungary in 2026, Finance Minister András Kármán said fielding questions at a hearing before parliament's European Affairs Committee on Thursday. The minister put 2027 GDP growth "over 2%". He acknowledged the impact of the outlook for growth on the budget deficit. András Kármán said European Union […]
Economic research institute Kopint-Tárki put Hungary's GDP growth around 2% for 2026 in a forecast published on Wednesday. According to the research institute’s forecast, economic trends domestically, as well as at the European and global levels, may be influenced by geopolitical developments; as a result, global economic growth will slow this year, with economic growth […]
Hungary's new Reconstruction and Recovery Plan "demonstrates a higher level of ambition to protect the EU's financial interests and strengthen the rule of law," Raffaele Fitto, Executive Vice-President of the European Commission for Cohesion and Reforms, said in Brussels. Commissioner Fitto said the new Hungarian RRP went beyond "what was previously discussed with the EC" […]
