Hungary Inflation 6.5% in October
Consumer prices in Hungary rose by an annual 6.5% in October, up from 5.5% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Adam
Economy
Budget Deficit 2,922 BN in October
Hungary’s cash flow-based budget deficit, excluding local councils, was 2,922.2 billion forints at the end of October, the Finance Ministry said in a preliminary reading of the data on Tuesday.
Exports Fall in September as Supply Chain Woes Weigh
Hungary’s exports fell in September from the same period a year earlier, as industry was impacted by supply chain interruptions, a first reading of data released by the Central Statistical Office (KSH) on Monday shows.
“Government Using All Financial Resources to Prevent Job Losses”
The government has used all possible financial resources to prevent unemployment during the economic crisis caused by the coronavirus pandemic, Foreign Minister Péter Szijjártó said at an event announcing a 35 billion forint (EUR 97m) capacity expansion investment by Nestlé Hungária in Bük, in western Hungary.
Matolcsy: Central Bank Crisis Management Successful
The National Bank of Hungary (NBH) handled the 2020 crisis successfully, and kept inflation at 3.3%, close to target, György Matolcsy, the governor of the central bank (NBH), told parliament’s economic committee, where he presented the NBH’s annual report. To eliminate the “last vestiges of the crisis”, Hungary will have to focus on competitiveness, he […]
“Central Europe to Be Among Biggest Winners of New Global Economy”
Central Europe could become one of the biggest winners of the new global economy thanks to stability, sensible economic policies and security policies focusing on national interests, Foreign Minister Péter Szijjártó told a Hungary-Poland business forum, adding that relations between the two countries could be best described as being fraternal.
The price of diesel is falling in Hungary
From Wednesday, the commercial price of diesel will be reduced by HUF 5 gross, the price of petrol will not change in the middle of the week.
Retail Sales Growth Accelerates to 5.8% in September
Retail sales in Hungary rose by an annual 5.8% in September, data released by the Central Statistical Office (KSH) show.
Industrial Output Falls 2.3 % in September as Chip Shortage Weighs
Industrial output in Hungary fell by an annual 2.3% in September as the global chip shortage impacted the local automotive industry, the Central Statistical Office (KSH) said.
LMP Calls on Government to Adjust Public Servant Wages
Opposition LMP lawmaker Péter Ungár on Friday called on the government to adjust public servant wages.