Latest news

« previous 20 articles next 20 articles »

20% of Hungarian pensioners would work at least part-time - GKI

August 13, 2018, 11:52 am
80% of Hungarian pensioners would not undertake income-generating activities at all, while 11% would prefer a part-time job, according to a representative survey by economic think tank GKI published on... 

Hungary June industrial production up 4.2% y/y

August 13, 2018, 10:17 am
In June 2018, the volume of industrial output grew by 4.2% year-on-year, the Central Statistical Office (KSH) said on Monday. Based on working-day adjusted data, production rose by 3.1%. June industrial... 

Analysts expect slightly lower Q2 GDP growth in Hungary - POLL

August 13, 2018, 9:44 am
The growth of the Hungarian economy may have begun to slow in the second quarter, but GDP growth could still have been above 4%, according to analysts’ consensus forecast in a Portfolio poll. Although... 

Wages in Hungary healthcare sector rise 20% in a year

August 10, 2018, 2:39 pm
Wages in Hungary's healthcare sector rose 20% over a year, Magyar Idők reported on Friday. Looking behind the numbers, we see that dynamic growth has been enabled by a very low base. 20% in a year ... 

2018 the year of fridge sales in Hungary

August 10, 2018, 12:10 pm
There is currently a boom in refrigerator sales, according to a joint market survey by economic think tank GKI and electronics retailer Euronics published on Friday. Aside from last year's government-subsidized... 

Hungary OTP posts record Q2 profit at HUF 91 bn

August 10, 2018, 10:50 am
OTP Bank had consolidated after-tax profit of HUF 89.5 bn in the second quarter, its best ever quarter, the company announced at the Budapest Stock Exchange. Although all analysts expected record-breaking... 

Hungary construction volume up 28.2% in June

August 10, 2018, 9:21 am
The volume of construction output was 28.2% higher in June 2018 than a year earlier based on raw data, the Central Statistical Office (KSH) said on Friday. Output increased in both main groups of construction:... 

Standard & Poor's, Fitch to review Hungary credit rating in August

August 9, 2018, 3:03 pm
Two major credit rating agencies may review Hungary's rating before the end of August. A top official of the National Bank of Hungary (MNB) recently said Hungary is "ripe" for the decision, which is an... 

Number of foreign visitors slightly down in June

August 9, 2018, 1:19 pm
In June 2018, the number of nights spent by international tourists decreased by 1% and that of nights spent by domestic tourists increased by 0.2% compared to the level a year earlier, the Central Statistical... 

Hungary's exports jump unexpectedly in June

August 9, 2018, 9:33 am
Hungary's foreign trade surplus amounted to EUR 1,070 million in June, with exports at a historic high and trade in both directions growing dynamically, figures released by the the Central Statistical... 

Cryptocurrency not legal tender, Hungary FinMin says

August 9, 2018, 9:03 am
Cryptocurrencies do not qualify as legal tender, electronic cash, financial instrument, or cash equivalent, Hungary's Finance Ministry said in a written statement sent to online trade journal Fintechzone.... 

Hungary Magyar Telekom reports sharp rise in revenues (2)

August 8, 2018, 10:48 pm
Magyar Telekom, Hungary’s leading telecommunications group, has reported higher-than-expected revenues and in-line EBITDA for the second quarter of 2018. Magyar Telekom published its Q2 earnings... 

Proof that Hungary is close to a balanced budget

August 8, 2018, 3:32 pm
The Hungarian government has recently made a big deal out of pre-financing EU projects from public funds, and it has not been spending like there’s no tomorrow. As a result, the budget balance cleared... 

European Public Prosecutor's Office now has 22 members

August 8, 2018, 9:18 am
Despite its initial hesitance Malta has joined the European Public Prosecutor's Office (EPPO) as the 22nd member, the European Commission announced on Tuesday. The addition of a new country comes only... 

Hungary's much-awaited inflation data land

August 8, 2018, 9:00 am
Consumer prices rose 3.4% year on year in Hungary in July, the Central Statistical Office (KSH) reported on Wednesday. Analysts polled by Portfolio projected 3.3% inflation for the seventh month of 2018... 

Hungary accumulates massive budget deficit by the end of July

August 8, 2018, 8:02 am
The deficit of the Hungarian budget was not outstanding (HUF 70 bn) in July, but the cumulated balance is now close to HUF 1,500 billion. The Finance Ministry remains unworried about the 2.4% of GDP deficit... 

Will Hungary's Magyar Telekom change its dividend guidance?

August 7, 2018, 4:45 pm
Magyar Telekom, Hungary’s leading telecommunications group, is set to release its earnings report for the second quarter of 2018 on Wednesday. Analysts polled by Portfolio project higher revenues... 

Hungary budget deficit may overshoot target - state secretary

August 7, 2018, 4:41 pm
It would not come as a surprise if Hungary’s cash flow-based budget deficit exceeded the target at the end of the year, but that would not affect the shortfall calculated under European Union methodology... 

Hungary cenbank faces new test, and so does the forint

August 7, 2018, 2:38 pm
Hungary’s inflation picked up to 3.3% year on year in July from 3.1% in June, project analysts polled by Portfolio. Although fuel prices were the key driver, the focus on local inflation statistics... 

Yield on Hungary's short T-bill edges closer to zero

August 7, 2018, 11:48 am
Hungary’s Government Debt Management Agency (ÁKK) allotted 50 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday, instead of the planned HUF 40 bn, while the... 
« previous 20 articles next 20 articles »
'; } ?>