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Hungarian economy

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The manufacture of communication equipment increased outstandingly by 44% | pxhere.com

Annual industrial production up by 4.2pc in Hungary

D&T
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%.

| 123RF.com

Industrial producer prices rise by 3.5 per cent

D&T
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.hu

HEBC for a Smart Hungary

D&T
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.

| Shutterstock.com

OECD outlook for Hungary

D&T
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

D&T
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

D&T
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

D&T
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

D&T
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.

| Shutterstock.com

Industrial prices are up in Hungary

D&T
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.

| 123RF.com

Govn't continues payment terminal program

D&T
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

D&T
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

D&T
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.

GKI economic sentiment index

Economic sentiment index at 10-year peak

D&T
Dec 19, 2016

After November, the GKI economic sentiment index rose again in December. According to
the empirical survey by GKI, business expectations increased slightly, whereas consumer ones went up more strongly, reaching their ten-year peak.

An exception: underground parking facility built for the catholic church in Budapest's 7th district | Sándor Laczkó

Investments plunge in Hungary

D&T
Nov 30, 2016

The volume of investments in Hungary contracted by 9.3% y/y in the third quarter of 2016. This decrease, portfolio.hu notes should not be considered as dramatic, though, given that investments grew by 2.7% over the previous quarter.

GKI economic sentiment index

Hungarian economic sentiment index bounces back

D&T
Nov 22, 2016

Following its three-year low in October, Hungary's GKI economic sentiment index (issued with the support from the EU) strengthened to its spring level in November. both business and consumer expectations improved in November.

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