At the end of September, the gross consolidated debt of the Hungarian state was 42.106 trillion Ft. (US $130.1 billion), according to data published by…
Hungary’s government debt stood at 39.85 trillion Ft. (US $122.1 billion) in October, the most recent month for which data is available, an increase of…
The Hungarian National Bank (MNB) expects inflation to be around 5% this year and next, with a forecasted range of 4.7-5.1% for 2022, said György…
The Hungarian economy was one of the fastest to recover in Europe, surpassing pre-epidemic levels by the middle of the year, said Minister of Finance…
The weakening of the forint that began last week continued on Monday morning, setting new historical lows for the Hungarian currency. The exchange rate against…
The epidemic has further worsened the situation of the poor in Hungary, who now number 1.75 million. In addition, older women are slightly worse off…
The average annual inflation in the countries of the European Union was 4.4% in October, and within that the average price increase in the countries…
The Hungarian National Bank (MNB) raised the base interest rate 0.3%, from 1.8% to 2.1%, to take effect on Wednesday, writes 24.hu. Most analysts expected…
“The epidemic struck suddenly, and the economy and life came to a sudden halt. However, the recovery is similarly fast, not in all things and…
Inflation looks so worrisome to the Hungarian National Bank (MNB) that the central bank may have to raise interest rates by as much as 1…
The Hungarian forint is trading at 367.07 Ft against the Euro and 320.78 Ft. against the dollar, an eight-month low, and at a 19-month low…
Hungary ended October with a budget deficit of 630 billion Ft. (US $2.0 billion), according to data from the Ministry of Finance. This represents the…
Economic growth in Hungary is moving in an increasingly unsustainable direction, writes Népszava, with industrial production declining and foreign trade deficits and inflation rising. Hungarian…
Economies in Europe’s emerging region, including Hungary, are likely to recover from the coronavirus outbreak at a much faster pace than previously expected, according to…
The minimum wage in Hungary will be raised to 200,000 Ft. (US $642) a month starting in January 2022, the government announced on its Facebook…
HVG writes that price spikes of 50-60% for energy and raw materials, as well as a shortage of goods at Christmastime, could lead to a…
Népszava reports that the government has essentially agreed to an increase in the minimum wage from next year, after talks ended in the Competitive Sphere…