Tag: economy

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About 30,000 tonnes of frozen vegetables recalled in Hungary

July 13, 2018, 5:03 pm
Greenyard has recalled about 29,100 tonnes of frozen vegetables produced and sold in Hungary between August 2016 and June 2018, on suspicion that these were contaminated with a powerful variant of the... 

Hungary to raise salary for MPs substantially

July 13, 2018, 9:20 am
According to press reports back in the spring, the cabinet was about to raise the monthly remuneration of MPs to one million forints. It now seems members of parliament will settle for slightly less too.... 

Hungary stands behind Trump request to raise defence spending - Orbán

July 12, 2018, 4:13 pm
Hungary supports U.S. President Donald Trump’s request to rationalise, i.e. raise the spending of European countries on armed forces and security, Prime Minister Viktor Orbán told public television... 

Infelicitious series: Hungary raises funds at higher cost again

July 12, 2018, 2:39 pm
Hungary’s Government Debt Management Agency (ÁKK) has held its fourth consecutive auction of 12-month discount Treasury Bills where it allotted a smaller amount of the instruments than it planned... 

Hungary will raise defence spending, Foreign Minister pledges

July 12, 2018, 9:18 am
Hungary will increase its contribution to NATO endeavour due to the constant challenges posed to the international security system from the east and south, Hungary’s Minister of Foreign Affairs and... 

Hungary conceives master plan to catch up with Austria

July 11, 2018, 4:31 pm
The Hungarian economy can be set on a more sustainable growth path if the cabinet achieves a turnaround in competitiveness and the central bank is now giving it help with a package of proposals. According... 

INSTANT VIEW - Hungary's inflation jumps on rising fuel and tobacco prices

July 11, 2018, 11:56 am
Hungary’s 12-month consumer price index came in at 3.1% in June, up from 2.8% in May, soaring above the MNB’s 3% YoY target for the first time since 2013 January. It generally matched expectations... 

Hungary Mol lowers fuel prices

July 11, 2018, 8:12 am
Hungarian oil and gas group Mol has lowered the wholesale list price of 95-octane gasoline by HUF 3 per litre and the price of diesel by HUF 2 forints per litre on Wednesday. The average price of gasoline... 

Is it labour shortage of the trade war? Hungary's exports waiver

July 10, 2018, 4:52 pm
Hungary posted a trade surplus of 577 million euros in May 2018, the Central Statistical Office (KSH) reported on Tuesday. The figure may seem high at first glimpse but what’s actually behind it... 

Hungary in top echelons of EU House Price Index

July 10, 2018, 3:42 pm
House prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the EU in the first quarter of 2018 compared with the same quarter of the previous year, reported Eurostat... 

Hungary debt manager raises short bill auction over heavy demand

July 10, 2018, 12:48 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 52 billion worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 40 bn. The average yield... 

Hungary will be trapped without reforms, c.bank warns

July 10, 2018, 12:39 pm
The National Bank of Hungary (MNB) has tabled a package of proposals on Tuesday for the improvement of the country’s competitiveness. The cabinet may now see what the central bank believes the country... 

Here's Hungary's much awaited inflation data!

July 10, 2018, 9:00 am
Consumer prices rose by 3.1% year on year in Hungary in June 2018, which means inflation accelerated from 2.8% in May. Analysts’ consensus forecast in a Portfolio poll was 3.2%. Hungary's inflation... 

Next Orbán-Putin meeting scheduled for September - portal

July 10, 2018, 8:16 am
The first official meeting this year between Hungarian Prime Minister Viktor Orbán and Russian President Vladimir Putin will take place in Moscow in mid-September, Hungarian news portal index.hu reported... 

A new programme by 'Team Matolcsy': New Hungarian Development Plan

July 9, 2018, 4:51 pm
Hungary’s National Competitiveness Council will tackle sustainable convergence and the strategy of economic development at its meeting on Tuesday, the Finance Minister told state-owned newswire MTI... 

Hungary forint could be shaken by upcoming data release

July 9, 2018, 12:55 pm
Hungary’s inflation accelerated to 3.2% year on year in June 2018 from 2.8% in May, according to analysts polled by Portfolio. Although the main driver was fuel prices, the focus on local inflation... 

Few but important data releases are in the pipeline for this week

July 9, 2018, 9:00 am
There are not a whole lot of macroeconomic releases in the pipeline for this week, but our attention still should not waiver for the EUR/HUF exchange rate remains a cause for concern. The forint’s... 

One in nine Hungarians feel the need to learn new profession

July 6, 2018, 4:21 pm
A large portion of working-age Hungarians want to learn new things at the workplace, but the availability of training lags behind, according to an OTP-sponsored survey published this week. The research... 

Hungary H1 deficit exceeds annual target

July 6, 2018, 1:57 pm
Hungary's budget deficit grew HUF 233 billion in June to more than HUF 1,400 billion in the first six months, the Ministry of National Economy announced on Thursday. The high numbers are related to EU... 

Hungary May industrial output up 3.8% y/y

July 6, 2018, 9:57 am
The volume of industrial output grew 1.9% in May, recovering after two weaker months, but working-day adjusted year-on-year growth was still only 3.8%, the Central Statistical Office (KSH) said on Friday.... 
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