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Hungarian economy

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Hungarian GDP Rises by 2.2%

May 30, 2020

The volume of gross domestic product was 2.2% higher in Hungary in the 1st quarter of 2020 than in the corresponding period of the previous year, the country's Central Statistical Office (KSH) reports. The extraordinary situation resulting from the corona virus pandemic had a negative impact on the performance of most sections, but market services and, […]

Central Bank to Use All Tools to Support the Economy

May 27, 2020

In the current extraordinary economic circumstances, the Hungarian National Bank’s (MNB’s) mandate is still to achieve and maintain price stability, to preserve financial stability, as well as to support the government’s economic policy. Consistent with this, mitigating the negative effects of the coronavirus pandemic on the real economy and financial markets and creating the conditions […]

National Bank for a 'Green' Recovery

May 11, 2020

There is ample scope for a ‘green’ recovery of the Hungarian economy. That is the conclusion drawn by the National Bank of Hungary (MNB), which, at the end of March, initiated a call for consultations with environmental experts, non-governmental organizations and institutes on the environmentally sustainable restart of the economy following the epidemic caused by […]

The manufacture of communication equipment increased outstandingly by 44% |

Annual industrial production up by 4.2pc in Hungary

Aug 13, 2018

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%.


Industrial producer prices rise by 3.5 per cent

May 3, 2018

Industrial producer prices as a whole were 3.5% higher in March 2018 than in the same period of the previous year, the Hungarian Central Statistical Office reported this Thursday. Industrial domestic output prices rose by 3.3%.

| source:

HEBC for a Smart Hungary

Dec 14, 2017

In line with its tradition, the Hungarian European Business Council (HEBC) has prepared its 2017 recommendations, titled 'Smart Hungary'. The Report explores issues that can help accelerate the country’s economic and social development.


OECD outlook for Hungary

Dec 1, 2017

The latest Economic Outlook published by the Organisation for Economic Cooperation and Development (OECD) says Hungary's recent strong economic performance is projected to continue into 2018, before softening somewhat in 2019.

Siemens Hungary President-CEO Dale A. Martin (left) and Minister for National Economy Mihály Varga | Ministry for National Economy

Siemens joins govn't supplier program

Oct 9, 2017

Siemens Ltd, the Hungarian subsidiary of Europe's largest industrial manufacturing company, has joined the working group of the National Supplier Program, the Hungarian Minister for National Economy Mihály Varga said at the signing of a letter of intent.

| Can Stock Photo Inc.

More payment terminals subsidized in Hungary

Aug 30, 2017

The official Hungarian Gazette has published a government resolution according to which the cabinet spends an extra HUF 2.4 billion on the deployment of another 30,000 bank card acceptance points as promised earlier.

GKI economic sentiment index August 2017 | GKI

Economic sentiment index close to its peak

Aug 29, 2017

GKI’s economic sentiment index reached its historic peak in July. According to the empirical survey conducted by GKI with the support of the EU, the business confidence index fell slightly in August. However, consumer expectations increased a bit.

| Can Stock Photo Inc.

Budget surplus produced by higher tax revenue

Aug 7, 2017

In the month of July 2017 the state budget posted a surplus of HUF 94.4bn, thanks mainly to higher-than-expected tax revenues, according to a statement about fiscal data by the Hungarian Ministry of National Economy.


Industrial prices are up in Hungary

Jul 31, 2017

According to newly published figures by the Hungarian Central statistical Office, industrial producer prices as a whole were 1.5% higher in June 2017 than in the same period of the previous year. Domestic output prices increased by 3.2% on average.


Govn't continues payment terminal program

Jul 20, 2017

In order to spread modern electronic payment methods, the government has decided to support the deployment of another 30,000 bank card acceptance points, State Secretary in the Ministry of National Development Ágnes Hornung has announced.

GE Hungary Presdient Joerg Bauer and Minister for National Economy Mihály Varga at the signing ceremony | Lajos Soós /MTI

GE Hungary to join government supplier program

Jul 17, 2017

General Electric Hungary has joined the Hungarian government's supplier program that is aimed at increasing the share of Hungarian companies taking part in the development and production of high value added products and services.

Production at Lear Corporation

Industrial sector output on the rise

Jul 12, 2017

In May 2017 and in the initial five months of 2017, the industrial sector posted output growth of 8.8% and 5.7%, respectively, compared to the corresponding period of the previous year. Thus, Hungarian data have beaten corresponding EU averages.

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