The Budapest Stock Exchange (BSE) share index rose this week, with the BUX closing at 39,603.36 points on Friday, up 65.73 points or 0.17% on the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. Weekly turnover on the stock market was HUF 31.11 billion, up from HUF […]

The continued plunge in Hungary’s national currency is forcing the country’s decision makers to revisit earlier policy measures as the weakening forint wreaks havoc in the economy. The central bank may be forced to resume its tightening cycle while the government has indicated it could bring forward the nation’s erm-2 accession, the waiting room of […]

In August 2022 the volume of industrial production grew by 14.4% year-on-year. Based on working-day adjusted data production rose by 9.3%. Compared to crude data, the significant difference is due to the fact that there were two more working days in August 2022 than in the same month of the previous year, the Central Statistical […]

Consumer prices were 20.1% higher on average in September 2022 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 4.1% on average, the Central Statistical Office reported this Tuesday. In 12 months, […]

The value of Hungarian exports in EUR terms was 37% and that of Hungarian imports 41% larger in August 2022 than in the same period of the previous, pandemic year, the country’s Central Statistical Office reported this Monday. The balance of the external trade in goods deteriorated by EUR 582 million. Compared to the previous […]

The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 39,537.63 points on Friday, up 4.49% on the previous week, or 1,699.33 points, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover on the stock market was HUF 30.3 billion, […]

In July 2022, the volume of Hungarian exports was 1.3% lower while that of import was 1.5% higher than in the same period of the previous year. The deficit was EUR 1.3 billion, the balance deteriorating by EUR 1.1 billion compared to a year earlier, the Central Statistical Office (KSH) reports. Compared to June, the […]

The Budapest Stock Exchange's (BSE) share index, the BUX, closed Friday at 37,838.30 points, 819.11 points or 2.12% lower than the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. Weekly turnover on the stock market was HUF 47.5 billion, down from HUF 47.9 billion the previous week, […]

Industrial producer prices were up by 43.4% on average in August 2022 compared to one year earlier. Domestic output prices were 66.6% and non-domestic output prices 31.6% higher, the Central Statistical Office KSH) reports. The faster rate of increase in domestic output prices was owing to the larger proportion of the energy industry, where a […]

According to preliminary data, the deficit of the general government sector in the 1st half of 2022 was HUF 893 billion, 2.8% of GDP. The balance improved by HUF 627 billion, or by 2.9 percentage points as a proportion of GDP compared to the same period of the previous year. In the 1st half of […]

At its meeting this week, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to raise the central bank base rate with 125 basis points to 13.00% with effect from September 28, 2022. Experts recall that the last time the base rate was this high […]

Business and consumer expectations in Hungary deteriorated for the fourth month in a row in August. In the case of consumer expectations, this continued in September, whereas the business confidence index slightly increased, although it was noticeably below its July level. According to the empirical survey conducted by GKI Economic Research Co. with the support […]

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX index closing at 38,657.41 points on Friday, down 3.49% on the previous week, or 1,399.77 points, the state news agency MTI reported on Sunday morning along with a brief analysis. The weekly turnover on the stock market was […]

Hungary may be the first European Union member state to see its funds frozen by the bloc over corruption concerns and repeated breaches of the rule of law. The government of Prime Minister Viktor Orbán could face the suspension of a third of Hungary’s budgetary funds if the European Commission’s proposal is accepted. The European […]

The stock index of the Budapest Stock Exchange (BSE), the BUX, closed at 40,057.18 points on Friday, down 2.09% at 853.63 points compared to last week, the state news agency MTI reported on Sunday morning along with a brief analysis. The total turnover was HUF 53.809 billion, compared to HUF 33.255 billion the previous week, […]