Blog
The illogical folly of the West’s artificial recession
With the recent further pounding the forint has taken, I thought it a good time to turn to a piece this week by Martón Nagy, minister without portfolio in the...
Inflation
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News in Brief
Nagy: Global factors account for 80% of Hungarian inflation
The economic development minister said inflationary tensions were growing, and he also spoke of the risk of a recession.
News in Brief
Finance Minister: Fiscal policy and wages only had a mild effect on inflation
Hungary’s economy has rebooted at a fast pace, and up until the summer growth exceeded the pre-epidemic period.
News in Brief
Hungary's budget deficit at 2,922 BN and 6.5% inflation in Oct.
“The government is continuing its crisis management based on support for families, tax cuts and investment incentives", the finance ministry said.
News in Brief
Hungarian inflation stands at an annual 4.6 percent in July
Figures show that CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.1 percent, lifted by an 18.1 percent increase in tobacco prices.
News in Brief
Finance Minister: Hungary's current high level of inflation is temporary
The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate.
News in Brief
Hungarian Central Bank increases both economic growth and inflation forecast
The Central Bank has increased its 2019 inflation forecast from 2.9 to 3.1 percent and its GDP growth forecast from 3.5 to 3.8 percent
News in Brief
NBH says Hungary could see economic growth peak at 4.7 percent in 2018
The National Bank of Hungary has said that its quarterly Inflation Report due on Thursday could see economic growth peak at 4.7 percent in 2018, higher than the 4.4 percent forecast predicted earlier
News in Brief
Pénzügykutató and Századvég revise Hungary’s GDP growth forecast for 2018
Two leading economic research companies raised Hungary's GDP growth forecast this week
Prime Minister
PM Orbán: Nearly 10 billion EUR has been given to families since 2010
“Hungarians like to work, they can work hard and take initiative…and they are able to take responsible decisions,” the prime minister said
News in Brief
Job growth and low inflation leads to increase in retail sales
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
The goal of Hungary's 2018 budget is for "everyone to be better off"
Prime Minister Viktor Orbán has said that ''the new budget will be the working people's budget" which will include tax cuts and an increased minimum wage.
News in Brief
The National Bank of Hungary keeps base rate on hold at 0.90 percent
In a statement, the monetary council repeated its earlier stand on keeping the base rate on hold “for an extended period”, while staying prepared to ease monetary conditions with unconventional instruments