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 […]

The stock index of the Budapest Stock Exchange (BSE) strengthened this week, with a significant increase in turnover. The BUX closed at 51,854.65 points on Friday, 3.93% higher than a week earlier, MTI reported this Sunday, along with an analysis of the week’s trading. The weekly turnover of the stock market was HUF 49.09 billion, […]

The volume of industrial production in Hungary declined in May 2023 by 6.9%, year-on-year. The same figure for the same month in the euro zone was a decrease of 2.2%. As the country's Central Statistical Office reports, production in Hungary dropped in the majority of the manufacturing subsections, however, the production volume increased in the […]

BUX, the stock index of the Budapest Stock Exchange (BSE) weakened this week amid falling turnover, closing at 49,891.95 points on Friday, 1.22% lower than a week earlier, MTI reported this Sunday, along with an analysis of the week’s trading. The weekly turnover of the stock market was HUF 32.04 billion, up from HUF 35.32 […]

The international credit rating agency S&P Global Ratings has affirmed its investment-grade rating of 'BBB minus/A-3' on Hungarian government debt obligations in foreign and local currency with long and short maturities. Two weeks ago, Fitch Ratings also affirmed Hungary's sovereign rating at 'BBB', also with a stable outlook. S&P explained its affirmation decision by stressing […]