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 […]

Consumer prices were 20.1% higher on average in June 2023 than a year earlier, the Central Statisrtical Office (KSH) reports. According to a statement by the National Bank of Hungary (MNB), the 1.4% decrease compared to the prevous month was due to lower increase in the prices of food and industrial products. The highest price […]

The forint hit a losing streak this week, weakening to a two-month low against the euro, as investors got jittery over Hungary’s deteriorating finances and the central bank’s loosening monetary policy. Further interest rate cuts may add fuel to the fire, analysts warned. The Hungarian currency’s losses accelerated against the euro this week as markets […]

According to preliminary data, the deficit of the general government sector in Hungary in the 1st quarter of 2023 was HUF 1,728 billion, 9.8% of GDP, the Central Statistical Office reports. The balance deteriorated by HUF 1,265 billion, or by 6.8 percentage points as a proportion of the GDP, compared to the same period of […]

The surplus of the external trade in goods amounted to EUR 366 million in April, the adjusted volume of exports decreased by 2.3%, that of imports lessened by 0.3%, compared to March, the Central Statistical Office says in its latest report released this Monday. In April 2023, the volume of exports declined by 1.1% and […]

The stock index of the Budapest Stock Exchange (BSE) rose this week, with the BUX 50 closing at 505.73 points on Friday, 0.2% higher than a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 35.325 billion, up from HUF 32.212 […]

Industrial producer prices rose by 11.2% on average in Hungary in May 2023 compared to one year earlier, the Central Statistical Office reports. Domestic output prices were up by 36.5% and non-domestic output prices lessened by 1.1%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically […]

The business sentiment index regularly measured by the National Bank of Hungary (MNB) rose to -8 points from -10 in the previous month, the institution has reported on its website. The current situation index rose from -28 to -23 points in May, while expectations fell from +9 to +7 points, the lowest in 5 months. […]