The stock index of the Budapest Stock Exchange (BSE) declined on the week, closing at 66,169.03 points on Friday, down 94.15 points or 0.14% from 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 70.39 billion, up from HUF […]

György Matolcsy, the Governor of the National Bank of Hungary, has vehemently criticized the government's latest proposal, which he perceives as a direct assault on the institution's independence. This latest clash deepens the rift between Prime Minister Viktor Orbán’s administration and the country’s chief banker. During an event at the Budapest Stock Exchange, Matolcsy articulated […]

Despite the challenges, the BUX index rose by 38% in HUF and 49% in USD last year, the second best performance in the world after Nasdaq, Richárd Végh, CEO of the Budapest Stock Exchange (BSE), said at the BSE Best awards gala on Thursday, where capital market players with outstanding performance were honored in 25 […]

Top achieving foreign and local players were recognized in nine categories at the annual ‘Investors of the Year Awards’ gala in the Museum of fine Arts by the Hungarian Investment Promotion Agency (HIPA) to celebrate the results of 2023, which was yet another record year in the history of Hungarian investment promotion. The prizes were […]

The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 493.43 points, or 0.75%, to end the week at 66,263.18 points, compared to the previous Friday's close. Total turnover fell from HUF 49.619 billion to HUF 48.912 billion on a weekly basis, with leading stocks performing mixed. In its weekly summary, Equilor Investment Plc. […]

The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 786.77 points, or 1.21%, to end the week at 65,769.75 points, compared to last Friday's close, MTI reported Sunday morning along with a brief analysis of the week’s trading, Total turnover rose from HUF 37.747 billion to HUF 49.618 billion on a weekly basis, […]

Hungary's economic landscape has shown signs of strain, with the last quarter's performance failing to meet analyst expectations and casting a shadow over the 2024 outlook. Despite previous rebounds, the nation's economy hit a snag, marking a concerning pause in its recovery trajectory. The Central Statistics Office (KSH) revealed a stagnant year-on-year output in the […]

The Budapest Stock Exchange's (BSE) share index, the BUX, fell by 307.33 points, or 0.47%, this week compared to last Friday, ending the week at 64,982.98 points, MTI reported this Sunday. Total turnover fell from HUF 70.775 billion to HUF 37.747 billion on a weekly basis, with the leading shares, with the exception of Richter, […]

In January 2024, inflation continued to fall at a rapid pace, the National Bank of Hungary (MNB) says in an analysis published this Friday. Consumer prices rose by 3.8% in annual terms, thus 34 months after March 2021 the price index fell back into the central bank tolerance band. Core inflation and core inflation excluding […]

The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 65,290.31 points on Friday, up 1,197.75 points or 1.87% from a week earlier, MTI reported on Sunday with a brief analysis of the week’s training. The weekly turnover of the stock market was HUF 70.77 billion, up from HUF 65.71 billion […]

China’s BYD, the world's leading electric vehicle (EV) manufacturer, has set its sights on Hungary for its first European auto factory. BYD's groundbreaking initiative marks a significant leap forward for the automotive industry, green energy, and international cooperation. The signing of the preliminary and purchase agreement for the site in Szeged, southern Hungary, heralds BYD's […]

In 2023, domestic output prices rose by 25.4% and non-domestic output prices decreased by 0.7%, so industrial producer prices together were 7.8% higher than in 2022, the Central Statistical Office (KSH) reported this Wednesday. Industrial producer prices were 7.2% lower on average in December 2023 compared to one year earlier. Domestic output prices were cut […]

Last year, the Hungarian economy emerged from the most difficult phase of the crisis caused by the handouts before the 2022 elections and the global economic consequences of Russian aggression against Ukraine. However, according to research by the GKI economic research institute, the government's ideas are unlikely to put the economy on a sustainable growth […]

The stock index of the Budapest Stock Exchange (BSE) fell this week on a declining turnover. The BUX closed at 64,092.56 points on Friday, 488.31 points, 0.76% lower than a week earlier, MTI reported this Sunday along with a brief analysis. The total weekly turnover of the stock market fell from HUF 65.953 billion to […]

According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the first month of the year household expectations improved significantly, while the outlook for the business sector deteriorated within the statistical margin of error compared to December. GKI’s economic sentiment index thus reached an 18-month high. Companies’ employment […]