Hungary’s gross domestic product increased by 6.5% in the 2nd quarter of 2022 compared to the corresponding period of the previous year. Raw data and seasonally and calendar adjusted and reconciled data were identical, the country's Central Statistical Office reports. All sections contributed to the growth except for agriculture. Compared to the previous quarter, the […]
The price of one euro (EUR) was 405 forints (HUF) by midday this Tuesday. The Hungarian forint started the week at HUF 392/EUR, and has been free-falling for the second day in a row, the business news site napi.hu writes. The forint weakened sharply on Tuesday after Monday's plunge. At the end of last week, […]
After a decline in May, the monthly current account deficit in Hungary widened to EUR 806 million in June, the same level as in previous months, according to preliminary data released by the National Bank of Hungary (MNB) on Monday. The current account deficit was EUR 370 million in May and EUR 780 million in […]
Construction output volume decreased by 8.1% in one year and by 5.2% compared to the previous month in Hungary. The volume of construction output in June 2022 fell short of the previous year’s level by 8.1%, according to raw data. Out of the main groups of construction, the output at construction of buildings decreased by […]
The Budapest Stock Exchange (BSE) stock index rose in declining turnover this week, closing at 43,662.95 points on Friday, 194.67 points, 0.45% higher than a week ago, the state news agency MTI reported – along the usual weekly analysis – on Sunday morning. The weekly turnover on the stock market was HUF 43.869 billion, compared […]
In June 2022, the volume of industrial production grew in Hungary by 1.5% year-on-year, the country’s Central Statistical Office reports. In the same month, also compared with a year earlier, industrial production grew by 2.4% in the euro zone and by 3.2% in the EU, according to data by Eurostat. In Hungary, decreases were recorded […]
Hungarian consumer prices rose the most since 1998 on the back of soaring food costs. Analysts believe that inflation may exceed 20% as energy subsidies fade the war in Ukraine continues unabated. Hungarian inflation accelerated at the fastest pace in almost a quarter century in July, taking a heavy toll on household’s purchasing power and […]
Consumer prices in Hungary were 13.7% higher on average in July 2022 than a year earlier and the highest in twenty-four years. The largest price rises were measured for food and consumer durables year-on-year. The seasonally adjusted so-called core inflation was 16.7%, one of the highest in Europe. In one month, consumer prices increased on […]
The value of exports was 13% and that of imports 24% larger in EUR terms in June 2022 than in the same period of the previous year, The balance of external trade in goods declined by EUR 1.0 billion, the Central Statistical Office reports. Compared to the previous month, the level of goods exports decreased […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed at 43,468.28 points on Friday, up 3.98% or 1,663 points from a week earlier, the state news agency MTI reported this Sunday morning, looking back at what happened at the BSE during the week. Share turnover exceeded HUF 48.564 billion, up from HUF 36.141 billion […]
In June 2022, the volume of industrial production in Hungary grew 1.5% year-on-year. Based on working-day adjusted data, production rose by 4.8%. According to seasonally and working-day adjusted data industrial output was 0.6% higher than in May 2022, the Central Statistical Office reports. The volume of production grew in the largest weight representing subsections compared […]
In May 2022, the volume of exports was 12% and that of imports 6.4% higher than in the same period of the previous year. The deficit was EUR 95 million, the balance deteriorating by EUR 166 million compared to a year earlier, Hungary's Central Statistical Office reports. Compared to April, the seasonally and working-day adjusted […]
BUX, the stock index of the Budapest Stock Exchange (BSE) fell on a downward trend this week, closing at 41,805.28 points on Friday, 522.39 points or 1.23% lower than a week ago, the state news agency MTI reported Sunday morning. The weekly turnover on the stock market was HUF 36.141 billion, compared to HUF 63.918 […]
The Hungarian government has decided to introduce another tax relief, Finance Minister Varga Mihály has announced. Companies can now pay tax in euros or US dollars. For companies whose income is received partly or entirely in foreign currency, the new rule could bring simplification. The option to pay is available to all companies. Administration will […]
Industrial producer prices went up by 35.0% on average in June 2022 in Hungary compared to one year earlier, the Central Statistical Office reports. Domestic output prices were higher by 44.6%, non-domestic output prices grew by 30.1%. The large difference is mainly due to the different weight of energy industry sales in the domestic and […]
