Hungary’s business sentiment took a sharp hit in July, plunging to levels last seen during the pandemic, in a further indication that the country’s economy may be teetering on the edge of another recession. Hungary’s business sentiment took a sharp hit in July, plunging to levels last seen during the pandemic, in a further indication […]

At its meeting on this Tuesday, 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, leaving its base rate at 6.5%. According to the press release after the meeting, the primary objective of the National Bank of […]

Hungary’s economic recovery faced a fresh setback in May as wage growth fell to its slowest pace in more than two years, signaling weakening household purchasing power and raising doubts about a consumer-driven rebound ahead of the 2026 election. Data released this week by the Hungarian Central Statistical Office showed that average gross wages rose […]

The volume of industrial production lagged behind the one year earlier level by 2.6% in May 2024. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reports this Tuesday. Setbacks were measured in the great majority of manufacturing subsections, at the same time, production volume grew in the […]

Hungary continues to face entrenched inflationary pressures, with new data confirming that price growth remains stubbornly high despite regulatory efforts by the government. Analysts expect this volatile trend to continue in the months ahead. Inflation accelerated in June, driven by rising costs in food, household energy, and services—even as Prime Minister Viktor Orbán’s administration enforced […]

The audit of the National Bank of Hungary's (MNB) gold reserves has been completed; the 94.73 tons of gold reserves stored in Hungary are in perfect condition, the MNB announced on its Facebook page on Thursday. According to the announcement, central bank governor Mihály Varga, ordered the audit of the gold reserves after taking office, […]

In May 2025, the volume of retail trade in both raw and calendar-adjusted data was 2.1% higher than in the same month of the previous year in Hungary, the country's Central Statistical Office (KSH) reports. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 0.5% in specialized and non-specialized food […]

The Budapest Stock Exchange (BÉT) leading stock index, the BUX, exceeded the 100,000-point closing value for the first time, reaching a new historic milestone for the domestic stock exchange. The index, which started at 1,000 points in 1991 and has since grown a hundredfold, tracks changes in the prices of domestic stocks with the largest […]

The Hungarian government will provide up to $443 million (150 billion forints) annually in interest subsidies to first-time homebuyers as part of a new housing support programme, Prime Minister Viktor Orbán’s administration announced this week. The measure, which comes less than a year before a high-stakes general election, is aimed at easing access to home […]

In May 2025, inflation rose to 4.4%, while core inflation fell to 4.8%. In the short term, partly mandatory, partly voluntary price restriction measures have a strong diminishing effect on inflation. At the same time, strong repricings can be observed in the pricing behaviors of companies, the National Bank of Hungary (MNB) reports on its […]

Facing rising economic challenges and a growing need for external financing, Hungary has returned to international debt markets with a major dollar bond sale, signaling a shift in fiscal strategy and a bid to reassure investors of its financial footing. The Hungarian government raised $4 billion through a three-part dollar bond sale this week, ramping […]

Hungary has once again been recognized as one of the most attractive destinations for FDI among emerging markets, according to the Hungarian Investment Promotion Agency (HIPA). In the 2025 edition of the global management consulting firm Kearney’s ranking of the 25 top emerging markets for FDI, Hungary advanced to 17th place, up from 22nd last […]

As a government institution, HEPA Hungarian Export Promotion Agency aims at providing high quality services in order to support the further export success of Hungarian enterprises and improve the country’s international image. The Agency works in close co-operation with other state-owned institutions of economic background. Its mission is to see more and more quality Hungarian […]

The volume of industrial production in Hungary lagged behind the one year earlier level by 5.0% in April 2025, based on working-day adjusted data, declined by 2.3%, the country's Central Statistical Office (KSH) reports. Production dropped in the great majority of manufacturing subsections, at the highest rate in the manufacture of electrical equipment. According to […]

Hungary’s inflation rate picked up in May for the first time in three months, highlighting the persistent challenge facing monetary policymakers even as headline figures suggest only modest price growth. The Central Statistical Office reported an annual inflation rate of 4.4%, up from 4.2% in April and slightly above economists' expectations. On a monthly basis, […]