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 […]

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 […]

According to a survey conducted by GKI Economic Research Co. with the support of the EU, the GKI economic sentiment index edged upwards in April. Both consumer and business outlooks in Hungary showed a slight improvement compared to March. While firms’ employment intentions remained unchanged from the previous survey, the aggregate expectation regarding future sales […]

According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, the outlook for the business sector deteriorated further in December, but consumers became slightly more optimistic. GKI’s business climate index has been falling in small steps but essentially flat in the second half of this year, slipping to […]

Last year, the Hungarian economy emerged from the most difficult phase of the crisis caused by the handouts before the 2022 elections and the global economic consequences of Russian aggression against Ukraine. However, according to research by the GKI economic research institute, the government's ideas are unlikely to put the economy on a sustainable growth […]

According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the first month of the year household expectations improved significantly, while the outlook for the business sector deteriorated within the statistical margin of error compared to December. GKI’s economic sentiment index thus reached an 18-month high. Companies’ employment […]

According to a survey conducted by GKI Economic Research Co. with the support of the EU, business expectations deteriorated markedly in June, falling back to their October/November 2022 level, their latest low. At the same time, consumer expectations improved. In June, employment expectations in the business sector deteriorated sharply; however, the fear of unemployment of […]

Although GKI’s economic sentiment index rose in May compared to April, it still did not reach its March level. Business expectations also remained worse than in March, despite an improvement in May. Consumer expectations deteriorated in May compared to April. However, according to the empirical survey conducted by GKI Economic Research Co. with the support […]

In April, business expectations fell back to their level at the beginning of 2023, and the consumer confidence index also declined slightly. According to a survey conducted by GKI Economic Research Co. with the support of the EU, expectations in the business sector deteriorated, especially in industry and services. However, intentions to raise prices in […]

Both business and consumer expectations improved significantly in March, with GKI’s economic sentiment index rising for the fifth month in a row. According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the business sector expectations of industrial and service companies improved significantly, while expectations in construction and […]

In February, both business and consumer expectations improved, but continued to reflect a poor mood. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, consumers were still more pessimistic than they were in 2020, during the panic that started when the new coronavirus pandemic broke out. In […]

In January, GKI’s economic sentiment index rose marginally, but for the third month in a row. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, the overall improvement in the consumer confidence index during this quarter is still within the statistical margin of error and remains below […]

The Tourism Business Climate Index (TCI) stood at minus 22 points in December last year, indicating that the sector's operators in Hungary continue to perceive their situation as deteriorating. Compared to November, the index fell by seven points and has deteriorated by 15 points since September, the National Association of Tourism and Hospitality Employers (VIMOSZ) […]

Business and consumer expectations improved modestly in December. According to a survey conducted by GKI Economic Research Co. with the support of the EU, the rise in the business confidence index was solely due to a significant improvement in industrial expectations, as other sectors became more pessimistic to a greater or lesser extent. The consumer […]