The Budapest Stock Exchange (BSE) stock index rose on an upward trend this week, closing at 46,097.83 points on Friday, up 1.49% or 678.05 points from a week earlier, MTI reported this Sunday along with a brief analysis. The weekly turnover on the stock market was HUF 57.595 billion, up from HUF 35.223 billion the […]
5% of inter-company invoices in Hungary remained unpaid last year, while 2.3% of invoices had to be written off in 2021, according to an analysis of payment habits by credit insurer Atradius. According to the survey of 200 Hungarian companies, 40% of firms found that their customers paid later than a year earlier, compared with […]
The value of exports in EUR terms was 18% and that of imports 29% larger in November 2022 than in the same period of the previous year. The balance of the Hungary’s external trade in goods deteriorated by EUR 1.2 billion, according to data published by the country’s Central Statistical Office this Monday. Compared to […]
With increasing turnover, the stock index of the Budapest Stock Exchange (BÉT) rose this week, closing at 45,419.78 points, which is 1,626.02 points or 3.71% higher than a weeks earlier, MTI reported this morning along with a brief analysis of the week. The weekly turnover of the stock market was HUF 35.223 billion after HUF […]
Industrial producer prices rose by 37.0% on average in November 2022 compared to one year earlier. Domestic output prices were 63.7% and non-domestic output prices 23.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being […]
According to preliminary data, the deficit of the general government sector in the 1st–3rd quarters of 2022 was HUF 1,825 billion, 3.7% of GDP, the country's Central Statistical Office reports. The balance improved by HUF 366 billion, or by 1.7 percentage points as a proportion of GDP compared to the same period of the previous […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the year at 43,793.76 points on Friday, down 13.6% year-on-year to 6,926.95 points. The leading shares weakened in 2022, with the exception of Mol, with OTP suffering the biggest loss in value. On the last trading day of the year, the OTP Bank’s stock was […]
The Hungarian forint (HUF) has moved within a wide range this year, with a gap of around HUF 80 between the strongest and weakest levels against the euro: gaining momentum from the HUF 370 level at the beginning of the year to move close to HUF 350, while in October the common European currency was […]
Hungary has made it to the World Bank's latest top ten list, which summarizes the countries where food prices have risen the most. According to the institution, food prices in Hungary have recently risen by 44%. The report says Zimbabwe tops the list with an increase of 321%, followed by Lebanon with 203% and Venezuela […]
Hungary is currently ranked 58th in the World Economic League Table (WELT), a ranking of economies by GDP and is expected to remain so in 15 years' time, according to a recent forecast by the Centre for Economics and Business Research (CEBR). At the end of each year, CEBR, one of London's most respected economic […]
The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 45,007.80 points on Friday, 0.14% lower than a week earlier. Weekly turnover on the stock market was HUF 29.3 billion, up from HUF 46.3 billion the previous week, with leading stocks performing mixed. In its weekly […]
On the night of December 23, the Hungarian Gazette was published, full of new laws and regulations. One of them is a government decree amending the extra profit tax decree to impose a special tax on pharmaceutical manufacturers in proportion to their turnover. Another regulation increases the tax on insurance companies. The latest extra tax […]
The deficit of the external trade in goods was EUR 923 million in October, the adjusted volume of export and import decreased by same extent by 2.3% compared to September, the Central Statistical Office reports. In October 2022, the volume of export was 11% and that of import was 7.6% higher than in the same […]
Business and consumer expectations improved modestly in December. According to a survey conducted by GKI Economic Research Co. with the support of the EU, the rise in the business confidence index was solely due to a significant improvement in industrial expectations, as other sectors became more pessimistic to a greater or lesser extent. The consumer […]
Average annual inflation is likely to be in the range of 15-19.5% next year, while economic growth could be in the range of 0.5-1.5%, according to Barnabás Virág, Deputy Governor of the National Bank of Hungary (MNB). He explained the main forecasts of the Bank's latest Inflation Report at a press conference on the Monetary […]
