Good news came about Hungary’s economy

The number of registered jobseekers was at an all-time low in January-February, the ministry of economic development said on Friday.

In February, 245,121 people were unemployed, down by 7,000 from February 2022 and a record low, the ministry said in a statement. The number of jobholders has been around 4.7 million for 8 consecutive months, the ministry added. The government is continuing its work to protect families, pensioners and to maintain full employment at a time when war and sanctions are weighing on the economy, the statement said. It has launched a 700 billion forint (EUR 1.9bn) re-industrialisation scheme and a 600 billion forint capital investment programme, while ploughing 7 billion into support schemes to help the training and employment of jobseekers, the statement said.

Hungary posts EUR 168 million December trade deficit

Hungary posted a 168 million euro trade deficit in December, down from 1.395 billion in November, according to a second reading of data released by the Central Statistical Office (KSH) on Friday. In KSH’s first reading, the December shortfall was estimated at 154 million euros. Exports grew by an annual 12.1 percent to 11.188 billion euros, while imports were up 9.8 percent at 11.356 billion.