Consumer prices were 6.5% higher on average in October 2021 than a year earlier. Significant price rises were measured over the last 12 months for motor fuels as well as alcoholic beverages and tobacco. In one month, consumer prices increased by 1.1% on average, the Central Statistical Office reports. In 12 months, compared to October 2020: Food […]

The stock index (BUX) of the Budapest Stock Exchange (BSE) rose on the week, closing at 55,099.88 points on Friday, up 1.66% on a week ago, or 902.17 points. Turnover on the stock market was HUF 52.6 billion, up from HUF 48.5 billion last week, with leading shares gaining. In its weekly summary sent to […]

The Hungarian economy is likely to recover from the shock of the coronavirus epidemic at a much faster pace than previously expected, according to a biannual report by the European Bank for Reconstruction and Development (EBRD). The organization raised its forecast for Hungary’s GDP growth this year to nearly 8%, which is in line with […]

Industrial producer prices were 14.0% higher on average in September 2021 than a year earlier. The rate of increase of prices was influenced principally by the price rise of raw and base materials as well as motor fuels, the Central Statistical Office reports. Domestic output prices rose by 20.1% and non-domestic output prices by 10.9%. Compared […]

Hungarian Prime Minister Viktor Orbán stepped up efforts to gain control over Budapest airport as the Cabinet seeks to bring key infrastructure into state ownership. The government also plans to build 4-5 large international airports and a dozen of business airstrips across the country. Hungary’s government is keen on gaining control over the nation’s largest […]

In August 2021, the volume of industrial production grew in Hungary by 2.6% year-on-year. Based on working-day adjusted data production rose by 0.6%. The majority of the manufacturing subsections contributed to the growth, the manufacture of electrical equipment grew at the highest rate. As reported by the Central Statistical Office this Wednesday, the manufacture of […]

Consumer prices were 5.5% higher on average in September 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices increased by 0.2% on average. The central Statistical Office reports that in 12 months, compared to September 2020, […]

In August 2021, the average monthly number of employed persons aged 15–74 was 4,678,000 in Hungary. In June–August 2021, the average number of employed persons was 4 million 659, 40,000 more than in the same period of the previous year. Employment increased in the domestic primary labor market, but fell among those working abroad. In […]

Hungary raised the equivalent of EUR.4. billion in foreign-currency bonds this week in one of the largest FX debt issuance in the country’s history. The move suggests the government expects the dispute with the European Union over funding to drag on. Hungary sold USD 2.25 billion in 10-year dollar bonds, USD 2 billion in 30-year […]

The volume of construction output in July 2021 surpassed the level one year earlier by 22.5% according to raw data. However, the figure was down by 0.4% compared to the previous month, the Central Statistical Office reports. In July 2021, compared to the same month of the previous year:Output rose in both main groups of construction: […]

Hungary’s headline inflation picked up again in August, exceeding market expectations and bolstering the case for further interest rate increases. Analysts predict that the rate of inflation will remain above 5% in the coming months. After a remarkable slowdown in July, Hungarian inflation picked up at a quick pace in August. Consumer prices jumped an […]

Consumer prices were 4.9% higher on average in August 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices were up by 0.2% on average, the Central Statistical Office reports. In 12 months, compared to […]

The National Bank of Hungary delivered its third interest rate hike in as many months as monetary policy makers seek to slow the rate of price increases. Meanwhile central bank Governor György Matolcsy berated the government’s economic policy and called for a turnaround in competitiveness. The Monetary Policy Council of the National Bank of Hungary […]

The gross domestic product of Hungary increased by 17.9% according to raw data and by 17.7% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2021 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance rose by 2.7% according to seasonally and […]

The European Commission has approved the modification of six Operational Programmes (OP) for the European Regional Development Fund (ERDF) and the European Social Fund (ESF) in Spain, Bulgaria, Italy, Hungary and Germany under REACT-EU for a total of EUR 2.4 billion. As for Hungary, the statement says the Economic Development and Innovation Operational Programme (EDIOP) […]