Tag: economy

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Hungary November real wages up 10.2% yr/yr

January 19, 2018, 9:56 am
Earnings continued to grow fast in Hungary in November as net real wages rose 10.2% compared to a year earlier, the lowest increase since March but still in the double digits, data published by the Central... 

Hungary to subsidize small-scale solar plants

January 18, 2018, 3:59 pm
Hungary plans to squeeze out energy imports within 10 years, replacing its current 50% share using alternative sources, János Lázár, the minister leading the Prime Minister’s Office, announced at... 

Yields lower than ever at Hungary bond auction

January 18, 2018, 12:33 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted 78 billion forints worth of government bonds instead of the originally planned HUF 60 bn at its bond auction on Thursday. Yields dropped... 

EU has limited tools to withhold funds from Hungary

January 17, 2018, 5:04 pm
Commenting on initiatives to use the EU budget to punish ‘rebel’ countries for failing to comply with basic democratic standards, like the rule of law, Ivailo Kalfin, senior adviser to Commissioner... 

74% of employees receive benefits in Hungary

January 17, 2018, 3:23 pm
74% of employees in Hungary received some form of benefit in kind from their employers in 2017, with SZÉP leisure cards, Erzsébet meal vouchers and company phones being the most common, a recent survey... 

Mounting risks tie government’s hands - OTP flash report

January 16, 2018, 4:45 pm
Although the underlying deficit and debt path remains favorable, mounting risks tie the government’s hands, according to a flash report released by Hungary’s OTP Bank. The main findings... 

Hungary least democratic country in EU - Freedom House

January 16, 2018, 3:35 pm
Hungary has scored 72 out of 100 in the Freedom in the World 2018 study published by Freedom House, making it the least democratic country in the European Union behind Bulgaria (80) and Romania (84). For... 

Hungarians to be hurt by slower wage growth in 2018

January 16, 2018, 12:08 pm
Wages are expected to grow slower this year than in 2017, which will no doubt have some impact on the dynamics of consumption growth as well. A substantial drop is not in the cards, though, and this year... 

Hungary November hotel revenues up 16% yr/yr

January 16, 2018, 9:15 am
In November 2017, the number of nights spent by international tourists in Hungarian hotels and hostels increased by 8.7% to 973,000, while that of nights spent by domestic tourists grew by 5.6% compared... 

Hungary cenbank pours liquidity on local banks no more

January 15, 2018, 5:28 pm
The National Bank of Hungary (MNB) has held an FX swap tender in the 12-month segment on Monday, and has accepted HUF 25 billion worth of bids. Including today’s tender, excess liquidity ensured... 

Internet banking spreads at breakneck speed in EU, Hungary falls behind

January 15, 2018, 4:44 pm
Around half (51%) of adult Europeans use internet banking. This share is constantly increasing and has doubled since 2007, when it stood at 25%, Eurostat, the statistical office of the European Union... 

Hungary's Orbán talks Putin, Merkel, refugees with German paper

January 15, 2018, 2:23 pm
The European Union must help the refugees but you cannot help the world by ruining your own people, Hungary’s Prime Minister Viktor Orbán told German newspaper Welt am Sonntag in an interview published... 

PM Orbán talks with Audi exec about Hungarian plant

January 15, 2018, 12:27 pm
Hungary’s Prime Minister Viktor Orbán has met Peter Kössler, Member of the Board of Management of Audi AG in charge of production and logistics, and Chairman of the Board of Directors at Audi Hungaria... 

It won't be long before Hungary gets rating upgrade - Erste

January 15, 2018, 10:39 am
At least one of the three main credit rating agencies will upgrade Hungary’s sovereign debt rating in 2018, which should further broaden the potential investor base, analysts at Erste Bank wrote... 

Hungary construction sector takes time out but remains on track

January 15, 2018, 9:00 am
The volume of Hungary’s construction output was 1.4% smaller in November 2017 than in the preceding month, according to data adjusted seasonally and for working days, but this drop did not break... 

China to be first to release 2017 growth data this week

January 15, 2018, 8:19 am
Everything will be quiet on the macro front this week. We’ll need a strong magnifying glass to find key macroeconomic statistics either in Hungary or abroad. At the same time, growth stats for the... 

EU fraud office finds shady deals at lighting firm linked to Orbán's son-in-law

January 12, 2018, 4:09 pm
The European Union’s antifraud office recommends Hungary’s public prosecutor take legal action and the European Commission to recover more than 40 million euros from Hungary over “serious... 

INSTANT VIEW - Hungary's inflation slows in Dec17, as expected (2)

January 12, 2018, 12:22 pm
(Adds comment by J.P. Morgan on page2) Hungary’s consumer price index slowed to 2.1% year on year in December 2017 from 2.5% in November, slightly more than the consensus estimate of analysts in... 

If EU does not give Hungary money, we will turn to China, Orbán says

January 12, 2018, 11:55 am
2018 is a crucial year for Europe, Hungary’s Prime Minister Viktor Orbán said during a lecture in Berlin on Wednesday before the leaders of Germany’s largest corporations. He added that if... 

Budapest Airport traffic breaks record in 2017

January 12, 2018, 11:32 am
Traffic at Budapest’s Liszt Ferenc International Airport in 2017 grew at an unprecedented pace of nearly 15% in 2017. 13.1 million passengers used the airport last year, and the volume of air cargo... 
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