The value of exports in EUR terms was 12% and that of imports 9.9% larger in December 2022 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 204 million. Compared to the previous month, the level of export in goods decreased by 16% and […]

The volume of industrial production grew in December 2022 by 2.0% year-on-year in Hungary, the country’s Central Statistical Office reports. Based on working-day adjusted data, production rose by 5.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in December 2022 than in December 2021, the […]

The Budapest Stock Exchange (BSE) share index fell in the week, closing at 45,396.33 points on Friday, down 2.68% or 1,249.08 points from a week earlier. The weekly turnover of the stock market was HUF 55.39 billion, up from HUF 38.95 billion the previous week, with the leading stocks ending the week lower, except for […]

In November 2022, the volume of export was 9.5% and that of import was 15% higher than in the same period of the previous year. The deficit was EUR 1 billion 415 million, the balance deteriorating by EUR 1 billion 372 million year-on-year, the Central Statistical Office reports. Compared to October, the seasonally and working-day […]

Industrial producer prices rose by 34.9% on average in December 2022 compared to one year earlier. Domestic output prices were up by 62.9% and non-domestic output prices by 20.7%, 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 […]

In January, GKI’s economic sentiment index rose marginally, but for the third month in a row. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, the overall improvement in the consumer confidence index during this quarter is still within the statistical margin of error and remains below […]

The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 46,645.41 points on Friday, 205.27 points, 0.44% higher than a week earlier, MTI reported this Sunday morning along with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 38.95 billion, down from […]

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 […]