Economy

EU fund payment should be linked to rule of law compliance - Öttinger

Hungary's worst nightmare on the agenda again. 

Hungary might host BWM factory - paper

Government decree sparks speculation.

PM Orbán wants to forge unprecedented deal with Hungarian women

Premier talks with public radio.

Hungary's Orbán shares details about government restructuring

János Lázár's ministry to be changed.

Hungary wage growth drops

Yet it remains in double-digit territory.

Soros' Open Society Foundations to move Budapest office to Berlin

First victim of Orbán's crackdown on NGOs.

EU comes up with best practices to help improve retail sector

Recommendations on sales promotions and discounts, specific sales channels, shop opening hours, retail specific taxes.

Hungarian Treasury Bills remain highly popular

Average yield hardly moves.

Taxi fares may be raised 10% in Budapest

Possibly as soon as in June.

Economic policy plans of Hungary's new Orbán cabinet outlined

Paper sums up possible steps.

Hungary's bank execs send message to new Orbán government

When is the next banking crisis due?

Hungary MNB has unbelievable estimates for the financial sector

Over-indebtedness bad, indebtedness good.

Hungarian SMEs are not sick but face multiple challenges

Banks and SMEs are partners but not fond of each other.

Hungary Mol raises fuel prices again

As of today.

New Hungarian government to switch to new economic policy

Central bank and Chamber of Commerce and Industry also make proposals.

IMF also thinks Hungarian growth vision is no pipe dream

World Economic Outlook shows negative estimate changes too.
Commentary

Populist Orbán or not, Hungary could become a real safe haven

Retreat seen from high-yielding debt in Russia and Turkey.

What will Hungary's 4th Orbán cabinet do?

Analysts contemplate possible scenarios.

Hungary's Orbán emboldened in his illiberal democracy agenda

J.P. Morgan expects policy continuity, increased conflicts with EU.

     
     
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 %
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