The debt of the central government increased by HUF 2,557 billion to HUF 63,096 billion by the end of May from the end of 2025, the Government Debt Management Agency (ÁKK) said in a monthly report on Wednesday. Quoting from the report, MTI says net forint issuance, financing the deficit of the central government budget, […]

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 6.00% at a monthly policy meeting on Tuesday. As MTI reports, the Council also lowered the overnight deposit rate by 25 basis points to 5.00% and the O/N collateralized loan rate by […]

Not only did the K&H Innovation Index rise to a historic high of 33 points, but 47% of responding companies in the medium- and large-enterprise sectors viewed their own prospects optimistically, and they see the country’s outlook even more favorably: nearly two-thirds expect an improvement, the bank told MTI on Monday. According to a survey […]

At the end of May, Hungary's cash-flow based general government deficit reached HUF 3,806.3 billion, 90.2% of the full-year target, a detailed report released by the Finance Ministry on Monday shows. As MTI reports, the central budget deficit reached HUF 3,694.8 billion and the social security funds were HUF 182.4 billion in the red, but […]

Hungary is committed to adopting the euro and has undertaken to meet the Maastricht criteria by 2030, Finance Minister András Kármán said on a social media site on Monday. The minister said he will meet Kyriakos Pierrakakis, President of the Eurogroup, along with Prime Minister Péter Magyar in Budapest on Friday. András Kármán first held […]

Amid rising trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, rose this week, closing at 137,625.54 points on Friday – up 1.40%, or 1,900.86 points, from the previous week’s closing level. Weekly trading volume on the stock market was HUF 155.1 billion, up from HUF 101.9 billion the previous week; leading stocks […]

This Wednesday, President Donald Trump of the United States and President Masoud Pezeshkian of Iran signed a memorandum of understanding aimed at ending the military conflict between the two countries. The agreement includes the reopening of the Strait of Hormuz, which could also ease the pressure on the global economy. This development is likely to […]

Hungarian Finance Minister András Kármán and Transportation and Investment Minister Dávid Vitézy have met with Matteo Patrone, the Vice President for Banking at the European Bank for Reconstruction and Development (EBRD) on Wednesday, the ministers said on social media. András Kármán said they discussed how the EBRD can contribute to restarting investments after the significant […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 135,725.68 points, up 1.54%, or 2,053 points, from last Friday’s close. Total trading volume on the stock market fell to HUF 101.932 billion from HUF 121.467 billion the previous week, with leading stocks gaining ground, with the exception of Mol. Trading was […]

Output of the automotive industry, Hungary's biggest manufacturing sector, rose 8.0% year-on-year in April, a detailed reading of data released by the Central Statistics Office (KSH) on Friday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 13% of […]

Output of Hungary's construction sector rose 2.6% year-on-year in April, data released by the Central Statistical Office (KSH) on Friday show. Construction sector output increased at the same pace when adjusted for the number of workdays. Output of the buildings segment fell 6.2% but civil engineering output climbed 13.9%. In absolute terms, construction sector output […]

Hungary has officially submitted its recovery and resilience plan to the European Commission, a plan to amend certain laws necessary for accessing European Union funds withheld during the previous Hungarian administration. Amending those regulations will be on the agenda of Hungarian Parliament’s extraordinary session next Tuesday. “Bringing home EU funds” was one of the most […]

Despite better-than-expected first-quarter GDP data, growth in the Hungarian economy may be subdued this year, while inflation is likely to remain within the target range, according to the MBH Analysis Center’s Macroeconomic Outlook released on Wednesday. The analysis, reviewed by MTI, states that strong forint and easing inflation may provide room for monetary easing, while […]

Hungary's annualized consumer price index fell to 1.8% to in May from 2.1% in the previous month, according to data released by the Central Statistical Office (KSH) on Tuesday. Food prices inched up 0.5%, but fell 2.1% excluding the price of eating out. Pork prices fell 10.1% and potato prices dropped 2.6%, but fresh fruit […]

Hungary's cash flow-based general government balance showed a HUF 43.5 billion surplus in May, preliminary data released by the Finance Ministry, and reviewed by MTI, show. The surplus narrowed from a HUF 129.5 billion surplus in the same month a year earlier. The general government for the period January-May reached HUF 3,806.3 billion, 90.2% of […]