Hungarian Prime Minister Viktor Orbán was granted a near-total exemption from the European Union’s embargo on Russian oil. Although the premier hails it as a great victory achieved in Brussels, the exemption may only deepen the rift between the bloc and Hungary. EU leaders agreed this week to grant Hungary a near-total exemption from a […]

Industrial producer prices were 28.8% higher on average in Hungary in April 2022 than a year earlier. Domestic output prices were up by 42.6% and non-domestic output prices by 21.8%, the Central Statistical Office reported this Tuesday. The rate of increase of prices was influenced principally by growths in base material and energy prices as […]

The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 38,644.57 points on Friday, down 7.50% or 3,134.91 points on the previous week. Although turnover rose from 68.31 billion forints the previous week to 132.69 billion forints, leading stocks weakened on the week, the state news agency MTI reported on Sunday morning. Equilor Investment […]

Hungary’s decision to levy extraordinary sectoral taxes is not the first time that Prime Minister Viktor Orbán resorts to unorthodox economic measures to prop up the budget. The announcement on Thursday triggered a selling wave on local financial markets, suggesting that investors are alarmed by the country’s return to economic unorthodoxy. Hungary will impose USD […]

After improving by eight points in April, the GKI economic sentiment index fell by five points in May. This is a very significant fluctuation, but the May figure is about the same as a year earlier. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, business expectations […]

The Budapest Stock Exchange's (BSE) share index, the BUX, rose to 41,779.48 points on Friday, up 523.78 points or 1.27% on the previous week, the state news agency MTI reported this Sunday morning. Weekly turnover fell from HUF 70.882 billion to HUF 68.313 billion, with leading shares performing mixed.  The BUX saw significant fluctuations during […]

Hungary’s incoming government faces some of the biggest economic challenges of the last decade as rampant energy prices may force it to abandon state-imposed price caps, while global disruptions are denting prospects for growth. The new Orbán government may again deploy unorthodox economic measures to guard fiscal stability and prop up the economic outlook. Prime […]

The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 41,255.70 points on Friday, down 2.03% on the previous week at 852.93 points, the state news agency MTI reported this Sunday morning. Turnover rose from HUF 64.233 billion the previous week to HUF 70.881 billion, with only OTP among the leading shares showing some […]

Hungary is opposing the European Union’s proposal for a gradual ban on Russian oil imports, with Budapest claiming the plan would be equivalent to dropping an A-bomb on the country’s economy. Meanwhile, tensions are on the rise within the bloc as a handful of dissenting member states are holding up action on a new package […]

According to the GKI Economic Research Institute, the population perceived a 22% rise in prices, compared to the official inflation figure of 9.5% in April, which is partly due to statistical reasons, but partly to the observation methodology, the research institute told the state news agency MTI. The researchers stressed that the perception of the […]

By the end of April, 83% of the full-year deficit of HUF 3,152.7 billion planned for the public finances had been reached in Hungary. The value of Hungarian exports was 8.7% and that of Hungarian imports 23% larger in EUR terms in March 2022 than in the same period of the previous year. According to […]

The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 42,108.63 points on Friday, down 3.13% on the previous week's close, or 1,361.21 points, the state news agency MTI reported this Sunday morning. Turnover fell from HUF 71.247 billion the previous week to HUF 64.233 billion, with the leading shares, with the exception of […]

In March 2022, the volume of industrial production grew by 3.6% year-on-year. Based on working-day adjusted data production rose by 4.2%. However, according to seasonally and working-day adjusted data industrial output was 0.1% lower than in February 2022. According to a report published by the Central Statistical Office this Friday, the majority of the manufacturing […]

The war in Ukraine has brought to the forefront one of Europe’s most pressing vulnerabilities: its reliance on Russian energy. Although European leaders have shown great resolve in their initial response to the war in Ukraine, the solution of weaning the continent off Russian energy dependence is not immediately clear or painless. A similarly pressing […]

Industrial producer prices were 25.9% higher on average in Hungary in March 2022 than a year earlier. Domestic output prices were up by 39.4% and non-domestic output prices by 19.0%, the country's Central Statistical Office reports. The rate of increase of prices was influenced principally by rises in base material and energy prices as well […]