Hungarian economy

08/10/2023

Bad news: Hungary’s industry continues to falter

Output of Hungary's industrial sector in August fell by an annual 5.3 percent, after dropping 2.6 percent in the previous month #industry #economy #crisis #government
07/10/2023

Fitch: Hungary will not escape recession, the state budget looks bad

Here is Fitch Ratings' projection about the Hungarian economy and the figures do not look great: the only sure thing is recession #economy #Fitch #economy #crisis
04/10/2023

Forint in shambles: 400 HUF/EUR may be on the cards

Could the end of this year bring a 400 HUF/EUR exchange rate? #forint #dollar #euro #economy #forex #exchange
04/10/2023

Continuous weakening: Forint cannot be saved by EU funds news

Despite encouraging news about the transfer of EU funds to Hungary, the domestic currency could not strengthen further. #forint #euro #dollar #currency #economy
04/10/2023

Minister expects Hungary-EC agreement on funding transfers by year-end

Answering a question, Tibor Navracsics confirmed that once the EU resources are transferred, teachers' wage hikes would be made. #eufunds #europeancommission #money
03/10/2023

FM Szijjártó: European environment poor, Hungarian economic outlook positive

Hungary's economic outlook is positive regardless of the poor European environment, foreign minister Péter Szijjártó said. #szijjártó #europe #economy
03/10/2023

Breaking: Hungarian government raises budget deficit target

The government raised the budget deficit target to 5.2% of GDP, which is 1 percentage point lower than last year, but 1.3 percentage points higher than this year's original target. #government #budget #deficit
02/10/2023

Economic development minister: Hungarian central bank is operating in cyclops mode

"The central bank is operating in cyclops mode, let's hope it doesn't go blind"
30/09/2023

New fuel price cap on horizon in Hungary? Brutal fuel shortages could be coming

According to experts, the price cap would threaten fuel supply and stability. #fuel #petrol #diesel
29/09/2023

Jobless rate rising in Hungary but secretary remains positive

Hungary's #jobless rate stood at 4 percent in August, up from 3.6 percent twelve months earlier, the Central Statistical Office (#KSH) said #statistics #job #work
29/09/2023

Attention! New forint coin introduced today – PHOTO

Hungary's national bank issued a new commemorative coin today - here is its value, a photo, and how you may acquire it #forint #coin #nationalbank #bank
27/09/2023

EBRD: Hungary’s economy to shrink this year

The Hungarian economy is likely to shrink by 0.2% this year, the European Bank for Reconstruction and Development (EBRD) has forecast. #ebrd #economy #forecast
26/09/2023

Hungarian banks to draft lending recovery plan

The association will present the lending recovery plan to the government "within a week, if possible", Márton Nagy said. #money #Hungarianeconomy #banking
25/09/2023

Government to extend mandatory discounts, deposit rate caps

Hungary's government has decided to extend mandatory discounts on food products, a cap on interest rates on deposits of institutional investors and some private individuals #government #pricecaps #
25/09/2023

PM Orbán kicked off the new political season: Soros empire, Brussels bureaucrats and American democrats enemies

PM Orbán told parliament that "Hungary's enemies", which he described as "the Soros empire, American democrats, Brussels bureaucrats #Orbán #government #EU #Ukraine #Brussels #Soros #USdemocrats #Biden
25/09/2023

Forint broke a new psychological barrier today

The Hungarian forint has broken a psychological barrier this morning and the future looks gloomy: can PM Orbán reverse the trend? #forint #economy #government #ViktorOrbán
24/09/2023

Forint on a slope again, and the worst may come next week

Forint broke crucial barriers this week, reaching the 390/EUR level again and it seems the worst will only come next week. #forint #economy #nationalbank #interestrate #dollar
23/09/2023

Hungary wants more Chinese investments

Finance Minister Mihály Varga met executives of China Merchants Group, Sinotrans and Cecz Group in Budapest on Friday, the ministry said. #China #investment #government
22/09/2023

Forint reacts badly to government tax increase plans – UPDATED

There are significant quarrels and clashes between the decision makers of the Hungarian economy and that has a serious effect on the forint #forint #economy #nationalbank #government #Orbán
21/09/2023

PM Viktor Orbán: This year they will try to break us

Hungary's cultural sovereignty is under threat from the push to force migrants onto Hungary and set up "Europe's largest migrant ghetto here", Viktor Orbán said. #ViktorOrbán #EU #EuropeanCommission