Retail sales in Hungary rose by an annual 12.0% in May, data released by the Central Statistical Office (KSH) on Wednesday show. Adjusted for calendar year effects, retail sales climbed 11.1%, showing double-digit growth for the third month in a row.
Hungary and the United Kingdom have laid the foundations of cooperation based on mutual respect following the UK’s exit from the European Union, Foreign Minister Péter Szijjártó said in London on Tuesday.
László Palkovics, Hungary’s minister of technology and industry, on Tuesday said he had discussed the potential of rail freight transport as an alternative to sea shipping at the inaugural meeting of a Bulgarian-Hungarian-Serbian-Turkish transport working group in Istanbul.
The forint traded at 407.57 to the euro around 5:30 in the evening on Tuesday, making a modest recovery after slipping as far as 409.84 in the afternoon, a new historical low.
At half past ten on Tuesday morning, the price of the euro crossed the HuF 405 mark, setting a new record.
The new communications director, Dr. Réka Jenei, graduated from the Faculty of Law of the University of Debrecen and speaks English and German.
Europe is facing serious economic challenges due to the war in Ukraine and the community’s sanctions against Russia, the foreign minister said on Facebook on Saturday.
Hungary has won GlobalCapital’s 2022 Bond Award for most impressive issuer in central and eastern Europe based on the votes of issuers, investors and market players.
Industrial PPI Accelerates to 32.3% in May.
Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
