Hungary is currently ranked 58th in the World Economic League Table (WELT), a ranking of economies by GDP and is expected to remain so in 15 years' time, according to a recent forecast by the Centre for Economics and Business Research (CEBR). At the end of each year, CEBR, one of London's most respected economic […]

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 45,007.80 points on Friday, 0.14% lower than a week earlier. Weekly turnover on the stock market was HUF 29.3 billion, up from HUF 46.3 billion the previous week, with leading stocks performing mixed. In its weekly […]

On the night of December 23, the Hungarian Gazette was published, full of new laws and regulations. One of them is a government decree amending the extra profit tax decree to impose a special tax on pharmaceutical manufacturers in proportion to their turnover. Another regulation increases the tax on insurance companies. The latest extra tax […]

The deficit of the external trade in goods was EUR 923 million in October, the adjusted volume of export and import decreased by same extent by 2.3% compared to September, the Central Statistical Office reports. In October 2022, the volume of export was 11% and that of import was 7.6% higher than in the same […]

Business and consumer expectations improved modestly in December. According to a survey conducted by GKI Economic Research Co. with the support of the EU, the rise in the business confidence index was solely due to a significant improvement in industrial expectations, as other sectors became more pessimistic to a greater or lesser extent. The consumer […]

Average annual inflation is likely to be in the range of 15-19.5% next year, while economic growth could be in the range of 0.5-1.5%, according to Barnabás Virág, Deputy Governor of the National Bank of Hungary (MNB). He explained the main forecasts of the Bank's latest Inflation Report at a press conference on the Monetary […]

The stock index of the Budapest Stock Exchange (BSE) strengthened this week on low turnover, closing at 45,069.12 points on Friday, 2.01% higher than a week earlier the state news agency MTI reported on Sunday morning – along with an analysis. The weekly turnover of the stock market was HUF 46.36 billion, up from HUF […]

Inflation in Hungary in November outpaced that in the formerly leading Baltic countries. It far exceeds inflation in other countries in the region and is more than double the EU average. Moreover, it continues to accelerate as competitors’ rates slow down. Figures published by Eurostat, the statistical office of the European Union, show that inflation […]

In October 2022, the volume of industrial production grew by 5.9% year-on-year in Hungary. Based on working-day adjusted data production rose by 5.1%, the Central Statistical Office reports. The volume of production increased in the majority of the manufacturing subsections, at the highest rate in the manufacture of electrical equipment. According to seasonally and working-day […]

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 44,182.00 points on Friday, 3.54% lower than a week earlier, the state news agency MTI reported, along with a brief analysis, on Sunday morning. The weekly turnover of the stock market was HUF 49.02 billion, down […]

Hungary is teetering on the brink of an economic “crisis” and it is one of the “most economically vulnerable” countries in the world, the central bank governor warned. Adopting an unusually critical tone, György Matolcsy blasted the policy mistakes committed by the government of Prime Minister Viktor Orbán in handling the crisis. The Governor of […]

The Budapest Stock Exchange (BSE) stock index rose in the week, closing at 45,804.29 points on Friday, up 88.96 points, or 0.19%, from a week earlier, the state news agency MTI reported along with a brief analysis of the week. The weekly turnover of the stock market was HUF 71.297 billion, compared to HUF 51.203 […]

If the government does not phase out a gasoline price cap it had introduced, there could be even more serious disruptions in supply than at present, Attila Holoda, energy market expert and former energy state secretary of the Orbán government, told mfor.hu in an interview. Holoda believes that the government will be forced to lift […]

The Hungarian government has pledged to implement reforms aimed at improving the medium- and long-term budgetary sustainability and adequacy of the pension system. The move comes as part of a series of measures that Budapest is undertaking in exchange for development funds being released by the EU. The European Commission released this week its assessment […]

In September 2022, the volume of export was 14% and that of import was 10% higher than in the same period of the previous year. The deficit was EUR 745 million, the balance deteriorating by EUR 663 million year-on-year, the Hungarian Central Statistical Office reports. In September 2022, the value of export amounted to EUR […]