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CORONAVIRUS: Here's the latest

A regularly updated feed of the latest information about coronavirus in Hungary.

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CORONAVIRUS: 3,892 infected. In compulsory home quarantine: 11,226. Recovered: 2,156. Deceased: 527.

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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Operational Group: Wearing masks and keeping to a safe social distance is still important

Colonel Tibor Lakatos said today that following the social distancing rules could prevent a more serious second wave in the fall.

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Liberal media reports vs. reality, Part 2: Sanctions against scaremongering and the spreading of fake news

Over the last several weeks of international reporting on Hungary, it’s been a little difficult to find examples of balanced coverage or some semblance of objectivity.

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FM Szijjártó: Both Ukraine and Hungary must benefit from cooperation

At today’s press conference, Ukrainian Foreign Minister Dmytro Kuleba and Minister of Foreign Affairs and Trade Péter Szijjártó signed a protocol amending the agreement.

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Gergely Gulyás: Epidemiological preparedness remains

“Hungary has managed to control the spread of the virus, and it is one of the few countries where a period of large-scale illness did not occur,” said Gergely Gulyás today at the Government Info briefing.

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GDP

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News in Brief

IMF predicts Hungary’s 2021 GDP growth at 2.9 percent

Nov 07, 2019

Within its November 2019 Regional Economic Outlook report for Europe, the IMF said inflation could reach 3.3 percent in the same year.

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News in Brief

EBRD raises its forecast for Hungary’s GDP growth

Nov 07, 2019

After Q2 data released at the end of August showed higher than expected growth, Mihály Varga said the full-year GDP figure could reach 4.3-4.4 percent.

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Finance Minister: Hungarian economy is expected to grow by 4.3-4.4 percent this year

Aug 15, 2019

Minister Varga said the economy was also expected to perform well in the second half of the year. He added that the economy has not lost momentum and that the Q2 growth rate had exceeded the ministry’s expectations.

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News in Brief

GKI raises 2019 GDP forecast for Hungary

Jul 29, 2019

Hungarian economic research institute GKI has raised its forecast for Hungarian economic growth to 4.3 percent this year from a previous estimate of 4 percent.

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Hungary's GDP growth highest in the EU

May 16, 2019

Hungary’s Q1 GDP growth is the highest in the EU, out of the 20 member states who have submitted their figures so far

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Did you know that Hungary ranks among EU’s leaders on these fiscal and growth numbers?

May 08, 2019 - Zoltán Kovács

Hungary’s public debt has fallen by 10 percentage points since 2010 and GDP growth in 2018 hit a 15-year high.

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Hungary’s annual GDP growth accelerated to 5.0 percent in Q4 2018

Feb 14, 2019

KSH said in a statement that “most branches of the national economy contributed to growth, market-based services to the greatest degree”

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Hungary’s tax-to-GDP ratio sees largest decline in the European Union

Dec 03, 2018

The finance ministry said the government’s tax policy focuses on cutting taxes and simplifying tax administration and the tax cuts will continue

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Hungary's third-quarter GDP grows by 5 percent year-on-year

Nov 15, 2018

Mihály Varga noted that the Q3 growth rate was two-and-a-half times the European Union average and the second-highest among all member states

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European Commission raises Hungary’s GDP growth forecast

Nov 09, 2018

The European Commission has raised its forecast for Hungary’s GDP to 4.3 percent in 2018 and 3.4 percent in 2019

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Hungary’s construction sector output increased by an annual 35 percent in December

Feb 14, 2018

KSH said the output of the building segment benefited from the construction of homes, schools and cultural buildings, as well as industrial facilities. In civil engineering, construction of highways and railways supported the rise

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Hungary predicts GDP growth of around 4.3 percent in 2018

Jan 17, 2018

Ágnes Hornung, minister of state for Financial Affairs at the Ministry for National Economy, said that based on early figures GDP growth in 2017 was close to 4.1 percent, which will accelerate to 4.3 percent in 2018

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Hungary’s construction sector output rose by an annual 30.7 percent

Jan 16, 2018

The phenomenal increase came from a low base but still signals an improving economy and thriving construction sector

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Hungary’s economy gaining steam: GDP growth up, unemployment down, more growth to come in 2018

Jan 16, 2018 - Zoltán Kovács

Hungary’s economic turnaround is gaining steam. Official data from the fourth quarter shows GDP growth will reach 4.1 percent in 2017, and the unemployment rate has fallen to 3.8 percent, Minister for National Economy Mihály Varga said recently.

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Hungary's GDP growth rate far above EU average

Jan 03, 2018

Official data from the fourth quarter shows a GDP growth rate of 4.1 percent in 2017. This figure is well above the EU average, and that signals that Hungary’s economic convergence has continued, Hungary's economy minister said

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Hungary's volume of construction output grew by 35.4 percent year-on-year

Jul 14, 2017

Hungary's output increased in both main construction groups, in the construction of buildings and in civil engineering works

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Hungary says that in order to restore political and social support for international free trade agreements national and global interests must be harmonized

Jun 09, 2017

Péter Szijjártó, minister of Foreign Affairs and Trade, emphasized the openness of the Hungarian economy and how the nation constantly looks at international agreements to boost economic performance

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Upbeat economic outlook, says PM Orbán, “encourages us to dream big and not lay back”

Mar 01, 2017 - Zoltán Kovács

Hungary’s economy hit the ground running this year. The major indicators are trending positive and international investors have taken note. Signs of a strong recovery, however, do not mean we can rest. Instead, said Prime Minister Orbán, it means that it’s time to dream big.

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News in Brief Prime Minister

PM Orbán opens spring session of Parliament: 'The Hungarian economic model is working'

Feb 21, 2017

PM Orbán said the government’s deficit target of 2.4 percent of GDP this year was “clearly” achievable. Hungary’s economy grew by 2 percent last year

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Hungary's GDP is set to grow by 4.1 percent next year

Dec 21, 2016

The National Bank of Hungary (MNB) has also upped its 2017 GDP growth forecast in its fresh Inflation Report

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Hungary's industrial output on the up

Oct 10, 2016

Hungary's industrial output has risen by an annual 11.1 percent and is predicted to rise even further over the coming months

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'Orbanomics' is paying off for Hungarians

Sep 23, 2016

Two of the three main credit agencies upgraded Hungary to investment grade this year, recognizing for the first time that Orbanomics is working

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