In accordance with Prime Minister Viktor Orbán's decision, the Ministry of Economic Development continues its activities under a new name, the Ministry of National Economy, from January 1, the Ministry told MTI on Monday. The aim of the transformation is for the Ministry to support the government's primary economic policy goal for 2024, the restoration […]
The Budapest Stock Exchange (BSE) index rose by 38.42% to 16,826.25 points compared to last year's close, ending this year's trading session at 60,620.01 points. The BUX closed the last week of three trading days of the year with a 0.54% rise to 325.61 points, with total turnover exceeding HUF 13.6 billion. The leading shares […]
The year 2023 saw inflation peak for more than a quarter of a century and then fall sharply in the second half of the year. The hard part is yet to come, however, as disinflation could slow significantly in 2024, so there is a real risk that price rises could still be stuck at significantly […]
The Budapest Stock Exchange (BSE) share index fell this week on rising turnover, closing at 60,294.40 points on Friday, 74.78 points or 0.12% lower than a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 133.7 billion, up from HUF […]
The volume of export increased by 3.0% in October 2023 and that of import lessened by 2.5% compared to the same period of the previous year. The surplus was EUR 1.0 billion, the balance improved by EUR 1.9 billion year-on-year, the Central Statistical Office reports. Compared to September, the seasonally and working-day adjusted volume of […]
The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 10.75% at its last interest rate decision meeting of the year on Tuesday, and also cut the two edges of the interest rate corridor by the same amount. Although the decision was in line with analysts' […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, with the BUX 60 closing at 369.18 points on Friday, up 1,699.35 points or 2.90% from a week earlier, MTI reported Sunday morning, along with a brief analysis of the week. Weekly turnover on the stock market was HUF 84.86 billion, up from […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 58,669.83 points on Friday, 658.84 points, 1.14% higher than a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 36.65 billion, up from […]
The American credit rating agency Standard and Poor's has affirmed debt rating for Hungary as "BBB-/A-3' Ratings Affirmed; Outlook Stable." The agency projects the Hungarian real economy will expand by 2.6% in 2024 and average 2.8% growth in 2025-2026, after a mild full-year recession whereby real GDP contracted by 0.5% this year. These projections are […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week, closing at 58,010.99 points on Friday, up 1,919.62 points or 3.42% from a week earlier, MTI reported Sunday morning. The weekly turnover of the stock market was HUF 66.37 billion, up from HUF 34.75 billion the previous week, with the leading stocks, except […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 56,091.37 points on Friday, 919.38 points or 1.61% lower than a week earlier, MTI reported Sunday morning. The weekly turnover of the stock market was HUF 34.75 billion, down from HUF 35.45 billion the previous week, with leading shares weakening. According […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to lower the central bank base rate, with effect from November 22, 2023 by 75 basis points from 12.25% to 11.50%. By the evening, the Hungarian currency, the forint (HUF) weakened […]
The Budapest Stock Exchange's (BSE) share index, the BUX, fell by 519.20 points, or 0.90%, compared with the previous week's close, to 57,010.75 points, MTI reported Sunday morning along with a brief analysis. Total turnover rose from HUF 34.774 billion to HUF 35.452 billion. Despite the positive international investor sentiment, the BUX's rise stalled at […]
The surplus of the external trade in goods amounted to EUR 1.3 billion, the level of the external trade turnover increased by 13% on the export side, and grew by 8.1% on the import one, month-on-month, the Central Statistical Office (KSH) reports. The value of export declined by 5.1%, and that of import was 19% […]
The Budapest Stock Exchange (BSE) share index, the BUX, rose by 1.82%, or 1,022.67 points, to 57,337.64 points compared to the close of last week, MTI reported this week along with a brief analysis of the week’s trading. Total turnover fell from HUF 35.849 billion to HUF 29.234 billion, but this week the BSE held […]
