The government has approved six proposals submitted by the operative board for coordinating the economic recovery, Minister of Foreign Affairs and Trade Péter Szijjártó, who heads the body, said at a press conference.
Slovakia is the third largest trading partner of Hungary, with trade volume hovering at 10 billion euros despite the coronavirus pandemic, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday, at a joint press conference with Andrej Doležal, the Slovak transport and construction minister.
Hungary posted a trade surplus of 347 million euros in April, widening by 914 million year on year, the Central Statistical Office (KSH) confirmed in a second estimate released on Friday.
Commenting on the economic recovery, Prime Minister Viktor Orbán told public broadcaster Kossuth Rádió on Friday that government decisions would at times appear “unexpected and forceful”.
Factory gate prices in Hungary rose by an annual 11.3% in May, the fastest rate in years, data released by the Central Statistical Office (KSH) show.
Wage growth in Hungary increased by an annual 10.1% in April, picking up from 8.7% in the previous month, the Central Statistical Office (KSH) said.
The Hungarian budget’s net financing requirement — a good approximation for the budget deficit — in the first quarter came to 862 billion forints (EUR 2.5bn), the equivalent of 7.5% of GDP, the National Bank of Hungary (NBH) said.
Hungary’s jobless rate was 3.9% in May, falling half a percentage point from the previous month and 0.6 pp from the same month a year earlier, the Central Statistical Office (KSH) said.
The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary’s GDP growth this year to 5.5% in a biannual report published on Tuesday. The forecast was raised from 4% in a release issued in September 2020.
The International Monetary Fund (IMF) has revised its forecast of Hungary’s economic growth to 6.2% in 2021, from a projected 4.3% in May, Finance Minister Mihály Varga said.
