Construction Sector Output Falls 7.2% in April
The output of Hungary’s construction sector fell by an annual 7.2% in April, after growing by 4.3% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Adam
Economy
First Electric Bus Manufactured in Hungary for Volánbusz
National bus carrier Volánbusz has taken delivery of its first electric bus, a model by Chinese manufacturer BYD made in Hungary.
Parliament Passes 2022 Budget
Hungary’s parliament passed into law the government’s 2022 budget in a final vote on Tuesday.
Industrial Output in April Up 58.8% YY
Hungary’s unadjusted industrial output grew by an annual 58.8% in April from a low base, according to a second reading of Central Statistical Office (KSH) data released on Tuesday.
MP Brands PM’s Proposed Tax Rebate ‘Campaign Stunt’
Opposition LMP has branded a personal income tax rebate for low-earning parents proposed by the prime minister this week as a “campaign stunt”, saying that the government should have instead helped families and businesses over the past year and a half.
“Hungary’s Economy Poised for Successful Relaunch”
Hungary’s economy is poised for a successful relaunch, Viktor Orbán said in a radio interview on Friday.
Trade Volume Expands Rapidly in April
Hungary’s trade volume expanded in April for the third month in a row, a first reading of data from the Central Statistical Office (KSH) on Wednesday showed.
DK: Stable, Strong Forint Needed
The opposition Democratic Coalition will work swiftly to ensure a stable and strong Hungarian currency should it be elected in next year’s general election, Klára Dobrev, the party’s candidate for prime minister, said.
Hungary Headline Inflation 5.1% in May
Hungary’s annual consumer price index was 5.1% higher in May and level with April’s figure, the Central Statistical Office (KSH) said.
Matolcsy Flags Central Bank Rate Hike as Early as June
Monetary policy is set to shift towards a more hawkish stance as early as June, with a possible hike in the base rate, György Matolcsy, the governor of the National Bank of Hungary (NBH), told a conference. A persistent rise in inflation would endanger the recovery, he said. The Hungarian economy can withstand a rate […]