Economy

Hungary budget deficit reaches HUF 350 bn by end-July

Revenues soar, deficit target attainable, Finance Ministry says. 

Average account at Treasury holds almost HUF 6 mn in savings

Treasury releases H1 figures.

Hungary to invite tenders in more than a dozen EU economic development programmes

The focus will be on SMEs for the rest of the year.

Hungarian medtech teams could become European success stories

EIT Health awards InSimu, Sineko EUR 25,000.

EU funding gets Mohács new HUF 680 mn market hall

City contributes less than 5% of costs.

Hungary 'superbond' seems unstoppable

Sales up at almost HUF 1.7 trillion.

What types of savings fell victim to Hungary's 'superbond'?

Crowding-out impact of new retail gov't security leaves cash use unfazed.

Hungary shows best performance since before IMF bailout

Debt-to-GDP ratio breaks through key level.

Fitch: Prospects of euro adoption in Hungary in foreseeable future remain remote

Eurozone membership in CEE countries would be positive for their creditworthiness, though.

Hungary glowing red in Europe's growth map

Hungary posts highest Q2 GDP growth data in Europe.

Hungary June construction growth highest in EU

Construction output in the EU28 rises 1% y/y in June.

Do you care about Hungary's debt? A few more days and you'll know more

It's going to be a short but not eventless week.

Fitch decides to keep Hungary's rating, outlook on hold

As expected.

Hungarians withdraw immense sums from real estate funds

'Superbond' may be to blame.

Construction industry drives Hungarian leasing market growth

Machinery purchases in H1 were 29% higher than a year ago.

Hungary might be made an even bigger star in a few hours

Rare opportunity presents itself.
Commentary

Fitch: Prospects of euro adoption in Hungary in foreseeable future remain remote

Eurozone membership in CEE countries would be positive for their creditworthiness, though.

Fitch decides to keep Hungary's rating, outlook on hold

As expected.

Hungary might be made an even bigger star in a few hours

Rare opportunity presents itself.

     
     
Macro Snapshot
General government balance (monthly, bn HUF)16-03-140,8 mrd Ft
PMI16-1252.2 pont
Current account balance (m EUR)15Q31599.4 m euró
Interest rate on forint-based consumer credit (APR)15-1216.9 %
GDP growth (yr/yr, adjusted for calendar impact)16Q3+2.0 %
Inflation (annual consumer price index)16-111.1 %
Infláció (medium-term target)08-083.0 %
Industrial production (working day adjusted, yr/yr)16-07-0.1 %
Benchmark interest rate16-120.90 %
Retail sales (yr/yr, adjusted for calendar impact)16-05+5.7 %
Foreign trade balance (m EUR)16-05+755 m euró
Interest rate on fixed HUF household deposits (within 12 months, annualised)15-120 %
Unemployment rate (average of 3 months before publication)16-104.7 %
Corporate forint lending rate - short term15-124.1 %
Views and Interviews

Why has the EU tackled big online platforms? - The answer is here

Exclusive interview with Mariya Gabriel, European Commissioner for the Digital Economy and Society

The harmful addiction that claimed the lives of almost 1 mn people in Hungary

Every year, we lose the equivalent of the population of a small town because of smoking, which is a major demographic problem for a country naturally decreasing... 

Hungary is still facing serious risks even after upgrade - S&P

The analyst who upgraded Hungary gives interview to Portfolio.