Hungary - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Fri, 06 Nov 2026 16:37:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Hungary - Diplomacy & Trade https://dteurope.com 32 32 MNB International Reserves Edge Up to EUR 62.2 Bn https://dteurope.com/economy/mnb-international-reserves-edge-up-to-eur-62-2-bn/ Fri, 06 Nov 2026 09:30:00 +0000 https://dteurope.com/?p=82073 International reserves of the National Bank of Hungary (MNB) stood at EUR 62.217 billion at the end of October, up EUR 156 million from a month earlier, preliminary data released by the central bank on Friday show. Stock of cash, deposits and securities in the reserves rose by EUR 501m to EUR 46.025 billion, while […]

The post MNB International Reserves Edge Up to EUR 62.2 Bn appeared first on Diplomacy & Trade.

]]> Industrial Output Surges 8.2% in September https://dteurope.com/economy/industrial-output-surges-8-2-in-september/ Wed, 04 Nov 2026 09:12:00 +0000 https://dteurope.com/?p=82048 Output of Hungary's industrial sector rose 8.2% year-on-year in September, a first reading of data released by the Central Statistical Office (KSH) on Wednesday shows. Output rose at the same pace when adjusted for the number of workdays. Output was lifted by the automotive industry, the computer, electronics and optical products segment, and production of […]

The post Industrial Output Surges 8.2% in September appeared first on Diplomacy & Trade.

]]> Serious Reforms Needed to Escape from the Economic Trap https://dteurope.com/economy/serious-reforms-needed-to-escape-from-the-economic-trap/ Sun, 01 Nov 2026 20:21:00 +0000 https://dteurope.com/?p=82019 Hungary’s economic catch-up has stalled by 2026, as the model based on cheap labor, exports and government incentives has reached its limits. According to the latest study by the Hungarian Banking Association, breaking through the economic glass ceiling will require a reduction in government intervention, predictable regulation, and comprehensive reforms in mortgage lending, building energy […]

The post Serious Reforms Needed to Escape from the Economic Trap appeared first on Diplomacy & Trade.

]]> The Hungarian Stock Exchange Had a Strong Week https://dteurope.com/economy/the-hungarian-stock-exchange-had-a-strong-week/ Sun, 01 Nov 2026 10:41:00 +0000 https://dteurope.com/?p=82015 The Budapest Stock Exchange closed the week on an upswing, with the BUX index ending trading on Friday at 145,257.34 points. This represents a gain of 3,208.75 points, or 2.26%, compared to the previous week’s closing value. Trading volume also picked up, with investors executing trades totaling HUF 126.98 billion, compared to HUF 104.67 billion […]

The post The Hungarian Stock Exchange Had a Strong Week appeared first on Diplomacy & Trade.

]]> Hungary GDP Climbs 1.5% in Q3 https://dteurope.com/economy/hungary-gdp-climbs-1-5-in-q3/ Fri, 30 Oct 2026 11:34:01 +0000 https://dteurope.com/?p=82004 Hungary's GDP rose 1.5% in the third quarter from the same period a year earlier, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. GDP also rose 1.5% when adjusted for seasonal and calendar year effects. Growth was driven by industry and supported by services, while the farm sector […]

The post Hungary GDP Climbs 1.5% in Q3 appeared first on Diplomacy & Trade.

]]> 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 […]

The post Hungarian Stock Exchange Ends the Week with Losses appeared first on Diplomacy & Trade.

]]> 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 […]

The post HUF 25 Bn for the Development of Business Exports appeared first on Diplomacy & Trade.

]]> 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 […]

The post 2027 Budget Assumes 2.4% GDP Growth appeared first on Diplomacy & Trade.

]]> 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 […]

The post The Hungarian Stock Exchange Saw Strong Gains appeared first on Diplomacy & Trade.

]]> 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, […]

The post Economic Stability by Cautious, Data-Driven Monetary Policy appeared first on Diplomacy & Trade.

]]> 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 […]

The post Fitch Expects Gradual Fiscal Consolidation in Hungary appeared first on Diplomacy & Trade.

]]> 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 […]

The post Construction Sector Surges in August appeared first on Diplomacy & Trade.

]]> 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 […]

The post Mild Weekly Gain on the Budapest Stock Exchange appeared first on Diplomacy & Trade.

]]> 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 […]

The post Cost-Savings Balance Out New Expenditure Items appeared first on Diplomacy & Trade.

]]> 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 […]

The post Success of Eurozone Accession More Important Than Timing appeared first on Diplomacy & Trade.

]]>