At the February meeting of the Monetary Council of the National Bank of Hungary (MNB), the members of the Monetary Council unanimously decided to keep the interest rate at its current level for a longer period of time, according to the Deputy Governor of the MNB, Barnabás Virág. At the press conference following Tuesday's interest […]
70% of Hungarian CEOs expect acceleration of the global economic growth; 60% of them made optimistic statements regarding the Hungarian economy but only 39% are confident about the growth of their companies. That is according to PwC’s 14th Hungarian CEO Survey in which the respondents predict a 1.8% GDP growth, a 415 HUF/EUR exchange rate […]
According to the European Investment Bank (EIB) Investment Survey (EIBIS) 2024 just released, four in five Hungarian firms invested in 2023 and this is similar to last year’s EIBIS findings. However, the investment outlook has fallen and is now negative with more firms expecting to reduce rather than increase their investment in EIBIS 2024. The […]
The value of Hungarian export in EUR terms lessened in December 2024 by 0.5%, that of import by 7.0% compared to the same period of the previous year, the Central Statistical Office (KSH) reports. The balance of the external trade in goods improved by EUR 684 million. Compared to the previous month, the level of […]
Industrial producer prices were 9.0% higher on average in December 2024 than one year earlier. Domestic output prices were 4.0% and non-domestic output prices 11.5% higher than in December 2023, the Central Statistical Office (KSH) reports. The price rise was primarily caused by the weakening of the forint exchange rate against the euro. Compared to […]
At its meeting on January 28, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change the central bank interest rates with effect from January 29, 2025, MNB said in a statement. According to the communiqué, the primary objective of the National […]
In the first month of this year, the slightly negative trend continued: according to the survey conducted by the GKI Economic Research Institute with the support of the EU, the outlook for both the business sector and consumers deteriorated compared to December, although in both cases only within the statistical margin of error. Even so, […]
The year 2024 was balanced and successful for Hungary's investment promotion efforts, with partners arriving from 19 countries across three continents, record-breaking number of Hungarian projects, and a significant share of investments in the field of the highest added value activities, Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), Mr. István Joó […]
The volume of industrial production lagged behind by 4.2% in November 2024, production, based on working-day adjusted data lessened by 2.9%, year-on-year, the Central Statistical Office reports. Production has been attenuated in the great majority of the manufacturing subsections, most of all in the manufacture of transport equipment. According to seasonally and working-day adjusted data, […]
Industrial producer prices were 7.9% higher on average in November 2024 than one year earlier. Domestic output prices were 3.2% and non-domestic output prices 10.2% higher than in November 2023. The price rise was primarily caused by the weakening of the Hungarian currency, the forint against the euro and the world market price of energy […]
The value of export lessened by 3.5%, while that of import surpassed by 2.3% in EUR terms the same period of the previous year’s values in November 2024. The balance of the external trade in goods deteriorated by EUR 716 million, the Central Statistical Office reports. Compared to the previous month, the level of trade […]
The deficit of the general government sector in the third quarter of 2024 was HUF 621 billion, or 3.0% of GDP. The balance is HUF 133 billion, or 0.9 percentage point more favourable than a year earlier, the Central Statistical Office (KSH) reported this Friday. In the 3rd quarter of 2024 compared to the same […]
According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, the outlook for the business sector deteriorated further in December, but consumers became slightly more optimistic. GKI’s business climate index has been falling in small steps but essentially flat in the second half of this year, slipping to […]
The surplus of the external trade in goods was EUR 1.0 billion, compared to the previous month, the adjusted volume of export lessened by 1.3%, that of import by 1.4%, the Hungarian Central Statistical Office (KSH) reports. The volume of export lessened by 0.3% and that of import surpassed the same period of the previous […]
The volume of Hungarian export decreased by 3.5% and that of import by 0.3% compared to the same period of the previous year. The surplus was EUR 949 million, the balance deteriorated by EUR 470 million year-on-year. Compared to August, the adjusted volume of export increased by 0.9% and that of import by 0.8%, the […]
