The stock index of the Budapest Stock Exchange (BSE) rose slightly this week, closing at 56,232.21 points on Friday, up 117.80 points or 0.21% from a week earlier, MTI reported Sunday morning, long with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 53.54 billion, up from HUF 89.22 […]

Hungary unexpectedly plunged deeper into recession, recording the longest period of economic contraction in at least 28 years as the war in Ukraine and the government’s economic policy stifle growth. Despite government statements to the contrary, economists are warning that growth may not pick up in the second half of the year, leading to a […]

Hungary’s gross domestic product decreased by 2.4% according to raw data and by 2.3% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2023 compared to the corresponding period of the previous year, the Central Statistical Office (KSH) reports. Analysts note that this Hungarian GDP data is the third worst […]

The volume of industrial production declined in June 2023 in Hungary by 3.8%, year-on-year. Based on working-day adjusted data production fell by 6.1%. Analysts note that industrial production has been declining in the country for seven months now. Production dropped in the majority of the manufacturing subsections, at the same time production volume grew in […]

The MNB's statistical balance sheet for July is out: cash holdings have fallen, foreign claims and government deposits have risen, and the banking system is holding good reserves. The average stock of cash in circulation continued to fall in July, according to fresh data from the National Bank of Hungary (MNB). There is HUF 19.6 […]

The stock index of the Budapest Stock Exchange (BSE) rose to a record close this week, with the BUX 56 closing at 114.41 points on Friday, up 3.89% on the week to 2,102.35 points, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover on the stock market was […]

The picturesque landscapes and historic charm of Hungary have long been a draw for travelers seeking unique experiences. However, the idyllic scene has been marred by a financial storm as global accommodations giant Booking.com faces backlash for failing to make timely payments to its Hungarian hosts and hotel partners. The repercussions are dire, with numerous […]

The value of export was 11% higher, while that of import 4.7% lower in EUR terms in June 2023 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 1.9 billion, the Central Statistical Office (KSH) reports. Compared to the previous month, the level of […]

The Budapest Stock Exchange's (BSE) share index, the BUX, rose 1.26% to 672.22 points last week, closing at 54,012.06 points on Friday , MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover on the stock market rose to HUF 44.48 billion from HUF 41.61 billion the previous week, […]

The volume of Hungarian exports increased by 3.9% in May 2023, while that of the country's imports decreased by 1.3% compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance improved by EUR 1.4 billion year-on-year, the Central Statistical Office reported on Monday. Compared to April, the seasonally […]

Industrial producer prices were higher by 6.4% on average in June 2023 compared to one year earlier. Domestic output prices were up by 29.8% and non-domestic output prices lessened by 5.0%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically for the domestic market, within which […]

The stock index of the Budapest Stock Exchange (BSE) rose this week amid declining turnover, closing at 53,339.84 points on Friday, 64.33 points or 0.12% lower than a week earlier, MTI reports along with a brief analysis of the week’s trading… The stock market's weekly turnover was HUF 41.61 billion, up from HUF 56.15 billion […]

The number of companies in Hungary has fallen every month so far this year, with almost 10,000 fewer firms operating in June than in December last year, business information provider Opten told MTI on Tuesday. According to the information, almost 2,400 companies were founded in June, which is not an outstanding number, but not low […]

BUX, the stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 53,404.17 points on Friday, up 1,549.52 points or 2.99% 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 56.15 billion, up from HUF […]

The majority of household savings are in cash, due to high inflation we are experiencing a very serious loss of wealth, Hungarian households are losing several thousand billion forints due to inflation. As the annual inflation rate hovered just above 20% in June, the toll of skyrocketing consumer prices is adding up for Hungarians. Hungary […]