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PM Orbán in Moscow: Hungary values its good relations with Russia

“It is in Hungary’s national interest that cooperation between the two parts of Europe are as good as possible"

PM Orbán: Nobody takes away our right to border protection

Hungary is neither a transit zone, nor a holding camp

PM Orbán: “They want to take away from us the keys to the gate”

Who will protect Hungary's border then?

FM Szijjártó: Sargentini Report adopted through voting fraud

The government is currently examining avenues for legal redress

Consumption

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