Economy

Finance Minister unveils economic policy goals on The Bold Truth About Hungary podcast

Minister Varga acknowledged that 2023 will be the “most dangerous year” for Hungary since the change of system, which will require “a reduction of risks and a buildup of reserves”.

PM Orbán: Europe has lost its independence, its economic and military strength

Hungary needs to protect its independence and the “pro-peace position against the Biden administration and Brussels," the prime minister said.

Gulyás: Government relies on economic players and authorities to reduce inflation

Gergely Gulyás mentioned a review of Hungary’s pricing practices as “extremely important” and said the competition authority had relevant powers in the area.

Finance Ministry: Hungarian economy has proved resilient

The government’s measures serve as a good basis to avoid recession in 2023 and bring economic growth back above 4% next year.

Nagy: Number of jobseekers sank to record low in 2022

The number of jobholders has remained above 4.7 million for six months, while the number of jobseekers sank to a record low in 2022.

Factory gate prices rose by annual 37% in November

In a month-on-month comparison, factory gate prices edged down 0.8% as prices for domestic sale rose by 1.6% but export prices fell by 2.0%.

Government sector deficit at 3.7% of GDP in Q1-Q3

Finance Minister: Public debt fell faster than projected last year

Public debt was 73.5% of GDP last year as against 76.8% in 2021.

Hungary’s PMI rose to 63.1 points in December

A PMI over 50 signals expansion in the manufacturing sector.