Output of Hungary’s industrial sector rose by an annual 3.1% in April, slowing from 3.6% in the previous month, as output of automotive companies continued to shrink, the Central Statistical Office (KSH) said in a first reading of data.
A catastrophic food shortage in many poor countries worldwide cannot be avoided unless “a corridor is opened from Ukraine to transport grain by land”, István Nagy, the minister of agriculture, said in an interview to daily Magyar Nemzet published on Tuesday. Such a move requires high-level international cooperation, the minister said, adding that “the infrastructure […]
Hungary’s finance minister on Tuesday submitted the government’s draft 2023 budget to parliament, declaring the bill would “protect the government’s achievements, ensure the security of Hungarian families and keep the economy on a growth path.” The budget had been calculated with an economic growth target of 4.1% of GDP, a budget deficit target of 3.5%, […]
Austria’s OMV refinery in Schwechat will not be able to restart in time after regular shutdowns, according to industry sources on VG’s website.
Hungary could have a role in opening land routes to exporting cereals from war-torn Ukraine, key to “easing the panic, especially in north African countries … where worries are rising over wheat supplies,” Agriculture Minister István Nagy told business daily Világgazdaság.
The Hungarian Banking Association warned that burdening the sector with a windfall tax could reduce lending activity in a statement issued on Friday.
Retail sales in Hungary rose by an annual 15.7% in April, the Central Statistical Office (KSH) said on Friday. Adjusted for calendar year effects, retail sales climbed by 15.8%, showing double-digit growth for the second month in a row.
The extended government price caps on vehicle fuel will save Hungarian households an average of 21,000 forints (EUR 53.10) in June, think-tank Századvég said on Friday.
Hungary’s trade balance showed a 708 million euro deficit in March, the Central Statistical Office (KSH) confirmed in a second reading of data.
The development of the domestic and world market price of bread grain, the expected yield quality and the nutrient supply of wheat were organized at the University of Debrecen in the XXIX. The subject of wheat consultation. It was said at the event: I will have enough wheat in Hungary, but the record-high price of […]
