economic crisis in Hungary

08/10/2024

InvestEU guarantees to mobilise close to EUR 1.49bn of SME credit

European Union credit guarantees in the framework of the InvestEU programme will pave the way for outlays of close to EUR 1.49bn for SMEs
07/10/2024

Modest retail sales growth in Hungary, decreasing trade surplus, but ministry still celebrates

The performance of the Hungarian economy remains questionable, but the ministry is positive about the future:
04/10/2024

Hungary’s industrial sector struggling, no sign of improvement, recession may come again

Hungary may slide back into recession because of the low domestic consumption, the struggling industry and the underperforming agriculture. #hungarianagriculture #hungarianindustry #hungarianeconomy #economy
01/10/2024

Hungary’s economic update: rising government deficit, PMI growth, and trade surplus increase

Hungary's government sector had a HUF 1,489 bn (EUR 37m) deficit in the first half! Deficit, PMI, Surplus trade details are HERE:
30/09/2024

Autumn parliamentary session started – PM Orbán: ‘We’ll transport migrants banging on Hungary’s doors to Brussels’ main square’

Orbán speaks about migration, a strong economy and more at the first sitting of the autumn session:
24/09/2024

Hungarian policymakers announce base rate cut

The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by...
23/09/2024

Hungary aims to reduce deficit with new fiscal measures, reports finance ministry

Hungarian government remained committed to improving balance indicators, read details HERE:
13/09/2024

Worrying news: July construction output in Hungary drops 6.2%, industrial production declines further

PM Orbán said in his interview this morning that the Hungarian economy is growing, but the figures show something completely different:
13/09/2024

Orbán against the EU? Hungarian PM: economic neutrality is in Hungary’s interest, not the blocs – Interview

Hungarian PM Orbán has said that it is in Hungary's interest to be neutral on the economy. But how is this possible if the country is a member of the EU? Interview:
13/09/2024

IMF backs Hungary’s ambitious EU presidency goals

#IMF Managing Director Kristalina Georgieva in Budapest:
03/09/2024

Hungarian economy struggles: latest figures reveal significant downturn

The Hungarian Central Statistical Office (KSH) has detailed how the GDP data for April-June were compiled, confirming the worst expectations in the Hungarian economy. The KSH confirmed […]
02/09/2024

Hungarian economy shows disappointing latest data

The market may be pessimistic after the release of the KSH data...
28/08/2024

Hungarians go shopping abroad because Hungary became too expensive

The Hungarian state loses lots of tax revenues but cannot stop the latest trend: more Hungarians go shopping abroad because it is cheaper. #hungarianeconomy #foodprices #shoopingabroad
28/08/2024

Orbán cabinet acknowledges that food prices skyrocketed in Hungary – investigation begins

The authorities have launched an investigation into retail chains that have made parallel and big price increases for basic food produce. #food #government #orbancabinet #economycrisis #hungarianeconomy
23/08/2024

It takes almost a year to find a new job in Hungary, KSH said

The number of economically active people increased in Hungary, so it takes almost 10 months to find a new job here. #jobseeker #statistics #ksh #work #labourmarket
22/08/2024

Bad news: Investment volume fell in Hungary

The Hungarian economy received bad numbers from the KSH. #ksh #investment #economy
08/08/2024

Good news? Budget deficit narrows in Hungary

Hungary's cash flow-based budget deficit narrowed to EUR 6.1bn at the end of July. #budget #economy #government #budgetdeficit
05/08/2024

Government efforts fall short as Hungary faces sharp rise in food prices

By early summer, inflation trends were already influenced by various factors, both positive and negative. The degree to which consumers perceive inflation as severe is largely shaped by the changes in the food prices, as this is the group whose prices people encounter daily.
05/08/2024

Significant increase in Hungarian trade surplus: latest data encourages economic growth

Positive signs: here is the latest data on the Hungarian trade surplus
23/07/2024

Hungarian Police on the verge of bankruptcy? Forensic experts sue for payment

Some telltale signs point to the Hungarian police being in financial trouble.