Hungary’s ruling Fidesz party faces probably the toughest year of its 13-year reign at the helm of the country. The economic picture is bleak and the silver lining very slim. The energy crisis engulfing Europe and Hungary, the ongoing stand-off with the EU and consequent freezing of funds, and the impact of the war in […]

The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 46,440.14 points on Friday, 0.74% higher than a week earlier, MTI reported along with a brief analysis Sunday morning. The weekly turnover of the stock market was HUF 46.19 billion, up from HUF 57.59 billion the previous week, […]

The forint marched to considerably stronger levels against both the EUR and USD this year after being in a freefall in 2022. Experts believe the Hungarian currency has by now reached key technical levels and further significant strengthening may not be in the cards. The Hungarian currency has staged a spectacular comeback in recent weeks […]

According to raw data, the volume of construction output in Hungary in November 2022 surpassed the previous year’s level by 7.0%, the Central Statistical Office reports. Out of the main groups of construction the output of construction of buildings increased by 18.6%, that of civil engineering decreased by 6.9%. Based on seasonally and working day […]

The Budapest Stock Exchange (BSE) stock index rose on an upward trend this week, closing at 46,097.83 points on Friday, up 1.49% or 678.05 points from a week earlier, MTI reported this Sunday along with a brief analysis. The weekly turnover on the stock market was HUF 57.595 billion, up from HUF 35.223 billion the […]

5% of inter-company invoices in Hungary remained unpaid last year, while 2.3% of invoices had to be written off in 2021, according to an analysis of payment habits by credit insurer Atradius. According to the survey of 200 Hungarian companies, 40% of firms found that their customers paid later than a year earlier, compared with […]

The value of exports in EUR terms was 18% and that of imports 29% larger in November 2022 than in the same period of the previous year. The balance of the Hungary’s external trade in goods deteriorated by EUR 1.2 billion, according to data published by the country’s Central Statistical Office this Monday. Compared to […]

With increasing turnover, the stock index of the Budapest Stock Exchange (BÉT) rose this week, closing at 45,419.78 points, which is 1,626.02 points or 3.71% higher than a weeks earlier, MTI reported this morning along with a brief analysis of the week. The weekly turnover of the stock market was HUF 35.223 billion after HUF […]

Skyrocketing inflation in Hungary is starting to take its toll on households spending. While retail sales climbed slightly higher in November due to increasing fuel sales, turnover in food shops showed a significant decline, reflecting the impact of severe inflation and indicating that that more and more households are in serious trouble. Policy makers expect […]

Industrial producer prices rose by 37.0% on average in November 2022 compared to one year earlier. Domestic output prices were 63.7% and non-domestic output prices 23.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being […]

According to preliminary data, the deficit of the general government sector in the 1st–3rd quarters of 2022 was HUF 1,825 billion, 3.7% of GDP, the country's Central Statistical Office reports. The balance improved by HUF 366 billion, or by 1.7 percentage points as a proportion of GDP compared to the same period of the previous […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the year at 43,793.76 points on Friday, down 13.6% year-on-year to 6,926.95 points. The leading shares weakened in 2022, with the exception of Mol, with OTP suffering the biggest loss in value. On the last trading day of the year, the OTP Bank’s stock was […]

The Hungarian forint (HUF) has moved within a wide range this year, with a gap of around HUF 80 between the strongest and weakest levels against the euro: gaining momentum from the HUF 370 level at the beginning of the year to move close to HUF 350, while in October the common European currency was […]

The bear market rally that started in mid-October has come to a halt by December and uncertainty once again took hold of financial markets in the last month of the year. The largest central banks continued to tighten monetary conditions in December, leading to further increases in bond yields and the weakening of stock markets. […]

Hungary has made it to the World Bank's latest top ten list, which summarizes the countries where food prices have risen the most. According to the institution, food prices in Hungary have recently risen by 44%. The report says Zimbabwe tops the list with an increase of 321%, followed by Lebanon with 203% and Venezuela […]