About Hungary beta

PM Orbán: We have saved more than one million jobs so far

In his regular Friday morning interview on Kossuth Radio, Prime Minister Viktor Orbán spoke about Hungary’s economic recovery, the coronavirus pandemic, the upcoming EU summit, and Wednesday’s “Europe Uncensored” online conference.

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PM Orbán at “Europe Uncensored”: There are two competing concepts for the future of Europe

One of these concepts is coming from Western Europe. There is, however, another one, a concept of Europe based on Christian culture, pro-family policies and the understanding that national identity is a value that needs to be preserved.

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CORONAVIRUS: 4,229 infected. Recovered: 2,974 Deceased: 595.

If you have a question call + 36-80-277-455 and + 36-80-277-456 or email koronavirus@bm.gov.hu.

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PM Orbán: If Hungary wants peace, it must take action against migration

“We must resist the pressure to allow people into the country without proper controls,” said Prime Minister Viktor Orbán this morning. The PM also said that Central Europe is ready to help the southern member states in the current economic crisis.

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Consumption

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News in Brief

Hungary's per capita consumption nears EU average

Dec 19, 2019

KSH has revealed that Hungarians’ level of consumption per capita continued to move closer to the European Union average last year.

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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

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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

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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

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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

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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

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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.

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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

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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”

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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)

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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

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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

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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

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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

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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

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Hungary's retail sales looking up

Sep 06, 2016

Retail sales were up in a number of sectors including non-food, food and fuel

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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

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