Hungary’s consumer price inflation rose an annual 2.9% in October, fueled primarily by an above-average increase in food prices, according to data published by the Central Statistical Office. The annual inflation index was 2.8% in September. Core inflation, which excludes volatile food and energy prices, rose from 3.9% in the previous month to 4% in […]

The National Bank of Hungary (MNB) has published its FinTech strategy entitled ‘Financial innovation and stability’ at a conference held with the participation of the representatives of Hungarian FinTech companies. The key objective of the first central bank FinTech strategy in the region is to facilitate the spread of competitive and innovative services in Hungary, […]

The property market in Budapest has hit the brakes and the 9,941 transactions recorded in the first half of the year represent a significant 46% drop from the same period a year earlier, according to the weekly analysis published by Ingatlan.com. The average price per square meter of used properties in the Hungarian capital was […]

Hungary is the world’s 47th most competitive economy, according to the global competitiveness ranking of 141 countries published by the World Economic Forum (WEF). The country moved on spot higher from last year’s 48th place in the list, which continues to be topped by Singapore, followed the U.S. and Hong Kong, state news agency MTI […]

Hungarian consumer prices were 2.8% higher in September than a year earlier and increased 0.1% from August, state news agency MTI says, citing data published by the Central Statistical Office. The headline inflation figure is the lowest since January 2019, mainly due to a 4.6% decline in fuel prices. Seasonally-adjusted core inflation, which strips out […]

Hungary’s industrial output growth slowed to 2.7% in August from a year earlier, according to data adjusted for calendar effects published by the Central Statistical Office. Under unadjusted data, the rate of expansion was 0.3%. The figure reflects the impact of the economic slowdown in the European Union, Hungary’s main trade partner. In July, the […]

The number of smartphone users in Hungary is 5.3 million, which equals 89% of all internet users in the country. The number of people using a mobile internet connection has increased by 1.7 million to almost 4.5 million between 2017 and May 2019. The major role that smartphones play in our lives is proven by […]

Investments in the Hungarian economy surged by 18.8% in the second quarter of 2019 from a year earlier, driven by the private sector, according to data from the Central Statistical Office. The figure represents a 4.1% increase versus the first quarter. Dynamic growth rates were recorded in 15 out of 19 sectors. A 31% increase […]

The volume of construction output, based on raw data, was 20.3% higher in June 2019 than a year earlier, Hungary's Central Statistical Office reports. The volume of output increased in both main groups of construction: in the construction of buildings by 23.5%, in civil engineering works by 16.5%. Based on seasonally and working day adjusted […]

In June, the volume of sales in retail shops increased by 4.3%, according to raw data and by 5.2% when adjusted for calendar effects compared to the same period of the previous year, according to a report published by the Hungarian Central Statistical Office. The volume of sales, adjusted for calendar effects, rose by 2.1% […]

The Eastern Slovakian city of Košice was one of the venues of the World Ice Hockey Championships this May, hosting a multitude of visitors. Following the event, Mayor Jaroslav Polaček thanked the organizing committee and other partners for their work in welcoming approximately 250,000 visitors to the city – many of them from within the […]

In June 2018, the volume of industrial output grew by 4.2% year-on-year, the Hungarian Central statistical Office (KSH) reports. Based on working-day adjusted data, the production rose by 3.1%. On the previous month, industrial output was down by 1.2%.

The Hungarian currency, the forint began Wednesday trading at 326 units to one euro. Then, a morning waning wave had flown it to 327.3, before another fall early evening resulted in the common European currency being worth HUF 328 – an all-time low.

The trade development and investment promotion agency PRO ECUADOR has opened a representative office in Budapest with the aim of promoting Ecuadorian exportable supply and investment climate on the Hungarian other Central Europe markets.

At the General Assembly of 2018 of the German-Hungarian Chamber of Industry and Commerce (DUIHK), four new members were elected to their board of directors. Also, 20 companies were awarded the 'Reliable Employer' rating for the third time.