News in Brief
KSH: Average gross wage in Hungary rose by an annual 16.6%
KSH has confirmed that the average gross wage in Hungary rose by an annual 16.6% to 497,200 forints (EUR 1,200) in August.
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News in Brief
Finance Minister: Government working to ensure economic development
Mihály Varga said measures taken to maintain stability and balance last year should be continued.
News in Brief
Finance Minister: Hungary’s economy among fastest growing in EU
Hungary had a 6.5 percent increase in the second quarter of this year which is over 50 percent more than the European Union average.
News in Brief
Hungary's GDP grew by an annual 6.5% in Q2
KSH data showed that all branches of the national economy contributed to headline growth, with the exception of the farm sector.
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NBH Dep Gov: Hungary’s economy is robust
Hungary’s economy is robust, with first-quarter growth estimated at over 8%, which could put full-year growth at around 4%.
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Finance Ministry: Next four years to see high growth
The next four years are expected to see high growth coupled with a gradual tapering in public debt and budget deficit levels.
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Eurostat: Hungary overtakes Portugal in GDP ranking
Hungary is catching up with the EU average for GDP in terms of purchasing power parity, with the greatest progress achieved in the current cycle, based on data published by the EU’s statistical office.
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Hungary’s economy grew by an annual 7.1% in 2021
KSH said Hungary’s economy grew by an annual 7.1 percent in the fourth quarter, bringing full-year growth to 7.1 percent.
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Hungarian economic output grew by an annual 7.1% in 2021
KSH said Hungarian economic output grew by an annual 7.2 percent in the fourth quarter, bringing full-year growth to 7.1 percent.
News in Brief
World Bank: Hungary’s economy to grow by 5% this year
In its biannual Global Economic Prospects report, the World Bank expects growth to slow to 4.3 percent in 2023.
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Finance Minister: Government is running a tight budget
Minister Varga said it would not be necessary to cut spending any further than measures already taken, with HUF 755 billion already lopped off expenditures.
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PM Orbán highlights main issues for 2022
Economic stimulus, protection against the pandemic and a national referendum on the new child protection law are the main issues for 2022.
News in Brief
Finance Minister: Hungary’s economy expected to grow by 6.0-6.5% this year
Early in November, the Finance Ministry lowered its projection for GDP growth this year to 6.8 percent.