In the first half of 2025, tourist accommodation in Hungary hosted nearly 8.2 million guests, accounting for 18.9 million overnight stays. Guest numbers were 7.8% higher, and overnight stays 4.5% higher, than a year earlier. Hotels accounted for 57% of guests and 55% of overnight stays. Yet these impressive first-half figures should be viewed as […]

Although the previous labor shortage has eased over the past year, the Hungarian labor market still can't breathe easy. According to a recent analysis by Work Force, the economic slowdown has led to more potential candidates, but companies are still struggling to find suitably qualified and motivated workers, especially in manufacturing, the automotive industry, and […]

According to press reports, the Trump administration has expressed interest in reducing Hungary’s reliance on Russian energy sources, recommending the purchase of American liquefied natural gas (LNG) and nuclear technology instead. This aligns with a key pillar of sovereignty-focused economic policy: the pursuit of energy independence, the Hungarian Economic Reasearch Institute GKI says in its […]

Hungary's external trade balance and its impact on the economy are regularly discussed by analysts, but it is mostly the trade balance in goods that is discussed. However, the other important component of the domestic external trade balance, the external trade balance in services, is also important to address in the shadow of the reindustrialization […]

The domestic fintech sector in Hungary has continued to grow, with the number of active fintechs increasing to 175 in 2022, employing nearly 9,000 people, with a significant increase in revenue and improved profitability, according to the Fintech and Digitalization Report by the National Bank of Hungary (MNB). The sector appears to be entering a […]

The recovery of hospitality may continue in the coming months, supported by the strengthening of international tourism, which may also help the growth of gross domestic product (GDP) in the coming quarters, according to the tourism economic analysis of Gergely Suppan, senior analyst at Magyar Bankholding. The improvement in tourism will also support the balance […]

Retail sales in Hungary are down for the third month in a row. This is according to the latest report of the Central Statistical Office (KSH). On an annual basis, the volume of retail trade increased by 4.5% in June. Compared to May, the volume fell by 0.5%. After the May figure was also revised […]