The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 44,217.85 points on Thursday, the last trading day of the week, 4.49% higher than the previous week's closing price, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock […]

The minister in charge of the Prime Minister's Office announced this week that the government will maintain its policy of keeping utility prices subsidized at least until the end of December. At the same time, analyst warn that the subsidy system is putting a heavy strain on public finances. Gergely Gulyás, the minister in charge […]

In February 2023, the volume of retail trade in both raw and calendar-adjusted data was 10.1% lower than in the same month of the previous year, the Central Statistical Office reports. In February, calendar-adjusted sales volumes decreased by 8.6% in specialised and non-specialised food shops, by 9.8% in non-food retailing and by 14.5% in automotive […]

The volume of industrial production declined in February 2023 by 4.6% year-on-year in Hungary, the Central Statistical Office reports. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data industrial output was 0.3% higher than in January 2023. The majority of the manufacturing subsections contributed to the […]

According to preliminary data reported by the country's Central Statistical Office (KSH), the deficit of the general government sector in 2022 was HUF 4,159 billion, 6.2% of GDP. The balance deteriorated year-on-year by HUF 209 billion, and improved by 0.9 percentage points as a proportion of GDP. KSH says it reported the data to Eurostat, […]

The Budapest Stock Exchange (BSE) stock index rose this week amid falling turnover, closing at 42,318.34 points on Friday, 1.19% higher than a week earlier, MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 34.13 billion, up from HUF 46.88 billion the previous week, with […]

The deficit of the external trade in goods in Hungary was EUR 413 million in January, the adjusted volume of export decreased by 0.5%, while that of import increased by 5.0%, compared to December, as shown by a new report by the country's Central Statistical Office (KSH). In January 2023, the volume of export was […]

The Monetary Council of the National Bank of Hungary (MNB) kept the base rate at 13% at its meeting this Tuesday, arguing that the current level of the base rate is adequate to manage fundamental inflation risks. The O/N deposit rate and the O/N collateralised borrowing rate were left unchanged at 12.5% and 25%, respectively. […]

Both business and consumer expectations improved significantly in March, with GKI’s economic sentiment index rising for the fifth month in a row. According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the business sector expectations of industrial and service companies improved significantly, while expectations in construction and […]

The Budapest Stock Exchange (BSE) stock index rose in a week of falling turnover, closing at 41,818.92 points on Friday, 2.57% higher than a week earlier, MTI reported Sunday morning, along a with a brief analysis of the week. The weekly turnover of the stock market was HUF 46.88 billion, up from HUF 61.24 billion […]

Hungarian business leaders say they do not want a strong or weak exchange rate, but stability, according to an analysis by the financial news site portfolio.hu. The exchange rate of the Hungarian currency, the forint (HUF) against major currencies like the euro or the US dollar has been helped by high interest rates, but business […]

The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the week 5.35% lower at 40,771.24 points, down by 2,306.45 points compared to the previous Friday, MTI reported this Sunday morning along with a brief analysis. Total turnover on the stock market rose from HUF 47.274 billion to HUF 61.245, even though the […]

According to raw data the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 4.0 and that of civil engineering by 2.1%. Based on seasonally and working day adjusted indices construction […]

In January 2023, the volume of industrial production declined by 0.2% year-on-year in Hungary. Based on working-day adjusted data, production dropped by 3.2%, the Central Statistical Office (KSH) reported this Tuesday. Production increased in some manufacturing subsections, with the largest growth in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 43,077.69 points, down, amid unfavorable international sentiment, 3.07% on the previous week, or 1,362.79 points, MTI reported this Sunday morning along with a brief analysis of the week. Turnover on the stock market rose from HUF 36.495 billion to HUF 47.274 billion, […]