The volume of gross domestic product increased by 7.1% in Hungary in the 4th quarter of 2021 compared to the corresponding period of the previous year, the country’s Central Statistical Office reports. According to seasonally and calendar adjusted and reconciled data, the performance of the economy rose by 2.0% compared to the previous quarter and […]

The Hungarian currency, the forint weakened to unprecedented levels, first to 375 forints and then to 379 forints against the euro this Tuesday. According to Lajos Török, senior analyst at Equilor, two pieces of news in particular could have played a role, Hungary's greater involvement in the conflict, supporting Ukraine's EU membership, and the contradictory […]

Japan is the second most important investor country in Hungary from the Far East. The CEO of the Hungarian Investment Promotion Agency (HIPA), Róbert Ésik explains to Diplomacy&Trade how the organization is working to attract more Japanese investors and to accommodate those already established here helping the Hungarian economy. “One of the first large foreign […]

The stock index of the Budapest Stock Exchange (BSE) fell this week, with the BUX closing at 45,769.16 points on Friday, down 8.89% on a week ago, or 4,468.04 points, the Hungarian state news agency MTI reported this Sunday morning. Turnover on the stock market was HUF 176.57 billion, down from HUF 66.5 billion last […]

The decision of the Monetary Council of the Magyar Nemzeti Bank (MNB) on Tuesday was in line with expectations, and the publication of the latest inflation report may bring a change in central bank policy, analysts told the state news agency MTI. The National Bank of Hungary (MNB) raised its benchmark base rate by 50bps […]

The Budapest Stock Exchange (BSE) share index (BUX) fell on rising turnover this week, while the BUX 50 closed at 237.20 points on Friday, down 3.65% on a week ago at 1,904.38 points, the state news agency MTI reported this Sunday. Turnover on the stock market was HUF 66.5 billion, down from HUF 54.1 billion […]

Consumer prices were 7.9% higher on average in January 2022 than a year earlier. The last time the inflation was higher was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices increased by 1.4% on average, the Central […]

In December 2021, the volume of industrial production grew by 5.8% year-on-year. Based on working-day adjusted data production rose by 3.6%. According to seasonally and working-day adjusted data industrial output was 0.1% lower than in November 2021, the Central Statistical Office reports. Out of the manufacturing subsections production decreased only in the largest weight representing […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 52,838.78 points, up 668.98 points or 1.28% from last Friday, on rising turnover, the state news agency MTI reported this Sunday. Total turnover rose to HUF 67.755 billion, compared with HUF 56.395 billion the previous week. The leading shares were mixed. The […]

The Budapest Stock Exchange (BSE) share index (BUX) fell on a downward trend this week, closing at 52,169.80 points on Friday, down 0.96% or 506.10 points from a week ago, the state news agency MTI reported in its review Sunday morning. Turnover on the stock market was HUF 56.39 billion, down from HUF 77.70 billion […]

Hungarians most probably borrowed a record amount of money from banks last year, with credit driven by historically low interest rates and a spike in real estate prices. The volume of new housing loans jumped a spectacular 40% from a year earlier, driving household borrowing to historic highs. According to central bank data for the […]

The government has decided on a food price freeze, with the prices of six products to be fixed from February 1 at the same level as on October 15 last year, the prime minister announced on Wednesday. Viktor Orbán said following the cabinet meeting that the government had decided to intervene in the price of […]

Inflation hit a 14-year high at the end of last year and the government is embarking on a massive cash giveaway ahead of the election. And the result is in: the majority of Hungarians expect retail prices to go out of control in 2022, according to a representative survey by Pulzus Research. Last November, consumer […]

Hungary will cut spending by around EUR 2 billion next year as the government expects economic expansion to slow in 2022. The Cabinet of Prime Minister Viktor Orbán, facing a closely fought general election next spring, is balancing between generous financial handouts to voters and a commitment to keep the budget deficit in check. The […]

In October 2021, the volume of exports was 10% and that of imports 5.6% smaller than in the same period of the previous year. Compared to October 2019, the volume of external trade declined by 6.1% in exports and by 5.0% in imports. The deficit was EUR 302 million, the balance deteriorating by EUR 1.2 billion compared to a year earlier. […]