News in Brief Retail sales in Hungary reach record highs in 2018 Dec 28, 2018 Retail sales are set to hit 11.5 trillion HUF (35.8bn EUR) this year
News in Brief Századvég raises its GDP growth projection for Hungary to 4.2 percent for 2018 Jun 20, 2018 In a revised forecast released on Tuesday, the economic research institute improved projections from 4.1 percent this year and 3.2 percent in 2019
News in Brief Hungary’s economy started 2018 exactly where it left it last year - booming! Jun 06, 2018 The Hungarian Central Statistical Office (HCSO) has left the 4.4 percent year-on-year advance reading unchanged, which has left no surprises, says leading economist
News in Brief New car sales skyrocket in Hungary signaling a strengthening economy Jan 04, 2018 New car sales rose by 20.4 percent between January to December last year. The most popular brand of vehicle purchased in 2017 was Suzuki
News in Brief Hungarian households will spend around 100 billion HUF on Christmas presents this year Dec 11, 2017 Hungarians are set to spend between 3-4 percent more on Christmas presents in 2017 compared to last year. Consumers will also spend around 100 billion HUF on food for their holiday meals
Blog The Hungarian model is working – lowest unemployment since 1989 Oct 31, 2017 - Zoltán Kovács With record-low unemployment, steadily increasing wages and other rock-solid indicators, the Hungarian economy is healthier than it’s been in years. The economic performance of Central Europe has become the driving force for growth in the EU, but that’s not the only reason why Hungarians can now be proud of their achievements over the course of the last seven years.
News in Brief Hungary's volume of retail sales grew by 4.7 percent in August Oct 25, 2017 The volume of retail sales has increased by more than 22 percent in Hungary since January 2010
News in Brief Hungary’s GDP growth rises by more than twice the European average at 4.2% Jun 08, 2017 The ministry for National Economy said Hungary's growth figure was the second highest in the past 10 years, and the economy is on a “steady and balanced path”
News in Brief Hungary's retail sales increase by 3.5% in April Jun 07, 2017 Hungary's retail sales have increased for the 46th consecutive month, according to new figures released by the Hungarian Central Statistical Office (KSH)
News in Brief Job growth and low inflation leads to increase in retail sales May 24, 2017 Retail sales in Hungary have risen by a staggering 20.7 percent since January 2010 and by 17.6 percent since the beginning of 2014
News in Brief Hungary's economy surprises analysts after reaching 4.1 percent growth in first quarter of 2017 May 16, 2017 Mihaly Varga, minister for National Economy, said that the first-quarter figure was “exceptionally good”. He added that the government expected the economy to expand by above 4 percent this year. No analyst or bank had projected such a strong rate of growth
News in Brief European Commission raises Hungary's GDP growth forecast Feb 13, 2017 The EC revealed the findings in its 2017 winter economic forecast, an upward revision from the 2.6 percent growth predicted in its earlier autumn forecast in November
News in Brief Hungary's state debt will fall this year Dec 22, 2016 Minister Varga said that wage increases would boost consumption and lending in 2017-2018
News in Brief Hungarians to spend on average 127 euros each on Christmas this year Dec 16, 2016 Nearly 90 percent said that they would spend the holidays at home with their families, the survey found
News in Brief Hungary's retail sales looking up Sep 06, 2016 Retail sales were up in a number of sectors including non-food, food and fuel
News in Brief Hungarian wages fall below the EU average Jun 17, 2016 The minimum wage in Hungary is 332.76 Euros per month, which is around the average in the region, but lags behind the frontrunners of the EU