News in Brief Hungary’s budget is expected to post a shortfall of 7-9 percent of GDP in 2020 Aug 25, 2020 Although the economic fallout due to the coronavirus epidemic was not as serious as that in the rest of the EU, Hungary’s economy shrank by 13.6 percent in the second quarter of 2020.
Speeches and Remarks Prime Minister Viktor Orbán on the Kossuth Radio programme “Good Morning Hungary” Aug 24, 2020 21 August 2020
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.
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.
News in Brief 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.
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.
News in Brief 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
Blog 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.
News in Brief 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”
News in Brief 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
News in Brief 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
News in Brief 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
News in Brief 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
News in Brief 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
News in Brief 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
Blog 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.
News in Brief 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
News in Brief 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
News in Brief 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
Blog 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.
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
News in Brief 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
News in Brief 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
News in Brief '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