Hungary slipped down three places in the most comprehensive corruption ranking in the world, the Corruption Perceptions Index (CPI) prepared by Transparency International. Hungary's performance declined within the EU and also in the CE region.

Hungary’s GKI economic sentiment index (adjusted for seasonal effects) in January 2016 was its highest level in almost 18 months - expectations were near their 2015 peak in the business sector and near their 2014 peak among consumers.

For the second time, the American Chamber of Commerce in Hungary (AmCham) hosted the Hungarian Ambassador to the United States and the American Ambassador to Hungary at a joint business forum at the Budapest Marriott Hotel.

The Hungarian government has no plans to modify its tax regime as the the government claims the current system is much better than those recommended for Hungary by the IMF, the OECD or other international organisations, portfolio.hu reports.

On International Anti-Corruption Day, Transparency International Hungary (TI) organized its Átláccó (Transparent’) festival in Budapest on the theme of public procurement, the distribution and supervision of EU funds, and the abuses related to these.

The volume of Hungary’s industrial production rose by 1.7% month on month in October, the Central Statistical Office (KSH) reported this Tuesday. As last October, the sector fared especially poorly, the year-on-year reading came to a pleasant 12.7%.

According to the latest taxation survey by OECD, the organization comprising the most most developed countries of the world, people in Hungary pay 38.5% of the GDP as tax burden, above the OECD average of 34%. Consumption tax is the highest.

The number of Hungarians with official working permits in Germany and Britain has increased over the past two years, the daily Magyar Nemzet is quoted by the Hungarian news agency MTI, citing data from the statistical offices of Germany and the UK.

Hungary’s gross domestic product rose by 0.5% quarter on quarter in the July-September period of 2015, the Central Statistical Office (KSH) reported on Friday. According to figures adjusted for calendar effects, growth slowed to 2.3% year on year.

Consumer prices in Hungary rose by 0.1% year on year in October, the Central Statistical Office (KSH) reported on Tuesday. The financial website portfolio.hu says the market expected CPI to tick up to-0.1% from -0.4% in September.

The volume of industrial production grew by 2.9% month on month in Hungary in September, according to Central Statistics Office data quoted by portfolio.hu. This correction, which was already on the cards, comes after two months of decline.

Hungary posted HUF 138.4 billion budget surplus in October, the financial website portfolio.hu quotes a preliminary data report published by the National Economy Ministry. It is attributable to previously suspended EU funding that has now been disbursed.

Sándor Csányi, the head of Central Europe’s largest financial institution OTP Bank, is listed by Forbes magazine among the world’s 1,700 wealthiest people, the USD billionaires. Csányi's wealth is worth of HUF 287.9 billion (just over USD 1 bn).

According to the forecast of GKI Economic Research Co., the slowdown of the Hungarian economy that started in the second quarter of 2015 will continue. The 3.6% growth rate in first-quarter was followed by only 2.7% in the second quarter.

The Hungarian European Business Council (HEBC) has published its annual report of recommendations for the Hungarian government. HEBC’s annual country reports contain the members’ non-political, practice-oriented experiences as investors.