BUX, the stock index of the Budapest Stock Exchange (BSE) rose in the four-day week, closing at 42,999.39 points on Friday, 808.26 points, 1.92% higher than a week ago, the state news agency MTI reported Sunday morning. Turnover was HUF 52.32 billion, up from HUF 115.15 billion the previous week, with leading shares performing mixed. […]

The amount of cash in circulation in Hungary has hit a record in recent months. The explanation is likely to be the uncertainty caused by the war in Ukraine, but the central bank says there is no reason for Hungary to worry. Never before has so much cash been in the hands of Hungarians as […]

A hefty spending spree by the government ahead of April’s elections has left a significant hole in Hungary’s budget at a time when the war in Ukraine is putting further pressure on the country’s financials. With the budget deficit reaching nearly 75% of the annual target by the end of March, the new government will […]

The volume of construction output in February 2022 surpassed the previous year’s level by 42.3% in Hungary according to raw data published by the Central Statistical Office this Wednesday. Among the two main groups, output was 56.2% higher in the construction of buildings and rose by 20.0% in civil engineering compared to the February 2021 […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed Friday at 42,191.13 points, down 2,843.66 points or 6.31% from last week's close. Weekly turnover on the stock market fell to HUF 115.15 billion from HUF 121.09 billion the previous week, with all leading shares weakening, the state news agency MTI reported this Sunday morning. […]

Consumer prices were 8.5% higher on average in March 2022 than a year earlier. The last time the inflation was as high was in June 2007. The highest price rise over the last 12 months was measured for food. In one month, consumer prices increased by 1.0% on average, the Central Statistical Office reports. In […]

The European Union’s decision to launch a new rule of law mechanism against the Hungarian government threatens to strip Hungary of billions of forints in much-needed funding. The move comes at a time when the government needs to rein in a swelling budget deficit and faces a slowdown in the economy. Hot on the heels […]

In February 2022, the volume of industrial production grew by 4.5% year-on-year in Hungary, the country’s Central Statistical Office reports. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data industrial output was 1.6% higher than in January 2022. The majority of the manufacturing subsections contributed to […]

The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 45,034.79 points on Friday, up 1,051.41 points or 2.39% from a week ago. Turnover was 121.08 billion forints, up from HUF 92.09 billion the previous week, with the leading shares, with the exception of Richter, gaining, the state news agency MTI […]

According to preliminary data the deficit of the general government sector in 2021 was HUF 3,736 billion, 6.8% of GDP. The balance improved year-on-year by HUF 25 billion, or by 1.0 percentage points as a proportion of GDP. Hungary's Central Statistical Office reported the data to Eurostat, the Statistical Office of the EU, in compliance […]

The Hungarian central bank’s tightening cycle, the most aggressive in the European Union, has led to an increase in loan repayment obligations last seen in the 2008 financial crisis. Once the government’s interest rate stop on retail loans runs out at the end of June, hundreds of thousands of Hungarian families will experience a jump […]

Russia's war against Ukraine, the radically changing political environment and widespread international economic sanctions are forcing the global and Hungarian economy onto an economic path that is highly uncertain, says the latest forecast by Hungary's GKI Economic Research Co. The war launched by Russia against Ukraine and the resulting widespread international economic sanctions are forcing […]

The stock index of the Budapest Stock Exchange (BSE) rose slightly this week, closing at 43,983.38 points on Friday, up 47.82 points or 0.11% from a week ago, the state news agency MTI reported this Sunday. Turnover was HUF 92.09 billion, up from HUF 110.94 billion the previous week, with leading shares performing mixed. In […]

The National Bank of Hungary raised massively the EU’s highest key interest rate as it seeks to tamper runaway inflation and bolster the forint. Analysts expect policy makers to continue raising borrowing costs as the war in Ukraine continues to rattle markets. The Monetary Council of the Hungarian National Bank (NBH) raised the central bank […]

Although he refused to do so last year, Viktor Orbán has now sent a letter to European Commission President Ursula von der Leyen asking for more money for Hungary from the EU's EU's Recovery and Resilience Facility (RRF). In addition to the non-repayable aid, the government would also draw on the loan facility - the […]