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 […]

Industrial producer prices rose by 41.7% on average in October 2022 compared to one year earlier. Domestic output prices were 67.7% and non-domestic output prices 28.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the fact that the share of the energy industry, which has seen significant […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed Friday at 45,715.33 points, up 2.74% or 1,220.23 points compared to last week, the Hungarian state news agency MTI reported this Sunday morning along with a brief analysis of the week. Share turnover fell from HUF 53.825 billion the previous week to HUF 51.203 billion, […]

"Without EU funds, we cannot restore the country's balance of payments – free of debt – and to break inflation expectations, we need to remove the price caps as soon as possible," said, Deputy Governor of the National Bank of Hungary (MNB), Mihály Patai is quoted by the business news site napi.hu One of the […]

The Budapest Stock Exchange (BSE) share index, the BUX rose in a week of falling turnover, with the BUX closing at 44,495.10 points on Friday, 1.82% higher than a week earlier, the state news agency MTI reported this Sunday morning along with a brief weekly analysis. Weekly turnover on the stock market was HUF 53.8 […]

Hungarian economic growth continued to slow in the third quarter of the year. Analysts expect further weakness in the coming couple of quarters as negative impacts amplify the drag on growth Economic growth in Hungary slowed from 6.5% in Q2 to 4% in July-September on an annual basis, below forecasts. The nation’s economy contracted 0.4% […]

Hungary’s gross domestic product diminished by 0.4% between July and September this year compared to the previous quarter according to seasonally and calendar adjusted and reconciled data reported by the the Central Statistical Office. The report added that in the 3rd quarter of 2022, the economic performance increased by 4.0% according to raw data and […]

The Budapest Stock Exchange (BSE) share index rose in the week, closing at 43,698.34 points on Friday, up 2.51% on the week to 1,068.66 points, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover on the stock market was HUF 63.58 billion%, compared to HUF 30.63 billion% […]

Agricultural producer prices were on average 61.0% higher in September than a year earlier, with the rate of increase jumping by 8.1 percentage points after 2.2 percentage points in August, according to the latest data released by the Hungarian Central Statistical Office (KSH) . The purchase price of live animals was 69.2% higher than in […]