Hungarian economy

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

Hungary strengthens ties with Equatorial Guinea during first-ever ministerial visit

Hungary's Foreign Minister has never been to Equatorial Guinea before, cooperation agreements have been signed and the next meeting will take place in Budapest:
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:
07/10/2024

26 professional associations unite in opposition to Hungary’s full short-term rentals ban

Will the Hungarian government give in to the hotel lobby or let the market grow?
05/10/2024

Experts worried that PM Orbán’s brutal wage rise will bring inflation and a HUF 500/EUR exchange rate

PM Orbán talked about a shockingly quick wage rise in Hungary between 2025 and 2028, which can generate inflation and a significant forint fall. #orbán #forint #hungarianeconomy #wagerise
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
04/10/2024

PM Orbán promises incredible wages in Hungary, says Brussels bureaucrats destroy our lives

PM Orbán talked about incredible wages, economic growth, labour shortage and a storm-like Hungarian EU presidency. Here is a summary of his interview. #viktororban #hungarianeconomy #diplomacy #wages
03/10/2024

Hungarian forint doing something unprecedented: further slip expected – UPDATED

Experts talk about a 403 EUR/HUF exchange rate soon. Some say the Hungarian government intentionally weakens the forint. #forint #hungarianeconomy #hungariangovernment
03/10/2024

Orbán cabinet would build new dormitories, boost economy, review rental and Airbnb regulations in Hungary

Hungary wants to stay out of the "cold trade war", Orbán wants to boost the economic growth, ease housing problems, regulate rental market. #orbancabinet #hungariangovernment #housing #economy #airbnb
03/10/2024

Orbán cabinet secretary shared optimistic plans about next year’s GDP growth

Adapting to the electric vehicle segment is "crucial" for the automotive industry, Máté Lóga, the state secretary for economic strategy, said. #hungariangovernment #orbancabinet #electricvehicles #gdpgrowth
03/10/2024

Thousands of households got subsidies for solar panel

Subsidies supporting solar panel and battery storage investments have been paid out to more than 3,000 households. #solarpanel #energy #hungariangovernment
03/10/2024

State-owned Hungarian energy company can conquer Romania’s market after large-scale acquisition

The Romanian government is concerned due to the Hungarian government's strong ties with Putin's Russia. #russia #hungarianeconomy #hungariangovernment #orbancabinet #mvm #eon #germany
02/10/2024

Positive prospects: Price of petrol could drop as low as HUF 500, Hungarian central bank says

However, a less optimistic forecast is that natural gas prices are expected to rise. #petrol #fuel #gas
01/10/2024

Number of jobseekers around historical low in Hungary

September figure was the lowest for the month in more than three decades! Details HERE:
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:
01/10/2024

Hungary’s parliament to start debating 2025 draft budget in mid-November

"The budget would be approved before Christmas"
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:
30/09/2024

Hungary’s factory gate prices see notable rise in August

Factory gate prices in Hungary rose in August, data released by the Central Statistics Office (KSH):
30/09/2024

Hungary’s tourism industry is booming: guest nights in August exceeded expectations

Which tourist destination has seen the biggest increase or decrease in visits? Hungary's guest nights in August - Find out here:
27/09/2024

PM Orbán from North Macedonia: Hungary will be winner in coming decade

Do you agree with PM Orbán? #viktororban #interview #northmacedonia