Tag "gazdaság"
Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research Foundation, Hungary’s economic performance has moved in a positive direction, and the country’s employment data also show a favorable picture...
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GKI analysis: Lagging exports, lagging labor productivity
The Visegrad countries are basically export-driven, open economies. This is clearly demonstrated by the fact that even Poland, which has the largest internal market, had exports of 58% of GDP...
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KSH: industrial production decreased by 5.3 percent in December 2024
The volume of industrial production in December 2024 was 5.3 percent lower than a year earlier, or 6.4 percent lower than a year earlier, adjusted for working days. Based on...
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NGM: German economic recession drags down Hungarian industry’s performance
The German economic recession is dragging down the performance of Hungarian industry, the Ministry of National Economy (NGM) told MTI on Thursday, commenting on the latest data from the Central...
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Crisis of businesses or age of empires?
In 2024, only 24 thousand new partnerships were started in Hungary, which is the weakest result in the past eight years. While the entrepreneurial spirit has decreased, more than 6...
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NGM: Hungarian economy performed better than expected
The Hungarian economy performed above expectations in the last quarter of last year, with GDP growing by 0.5 percent, André Palóc, spokesperson for the Ministry of National Economy (NGM), said...
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The forint strengthened to a winter record high last Wednesday
The forint strengthened to a winter record high last Wednesday – the euro exchange rate even dipped below 407 forints on the interbank money market. The retail interest payment of...
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Strong domestic vocational training
The renewed Hungarian vocational training is the second best in Europe and is among the top ten in the world, Minister of Culture and Innovation Balázs Hankó announced on Friday...
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Eurozone economy stagnated in the fourth quarter
Contrary to analysts’ expectations, the eurozone economy stagnated in the fourth quarter of 2024, Eurostat’s latest report revealed. Preliminary analyses had projected growth of just 0.1%, but even this slight...
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Márton Nagy: the turning point is here, the Hungarian economy will shift to a higher growth path in 2025
According to the Central Statistical Office, the economy grew by 0.4 percent in the last quarter of 2024 compared to the same period of the previous year based on raw...
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K&H: Despite their stable situation, slight pessimism prevails among Hungarian SMEs
The K&H SME Confidence Index, which shows the outlook for domestic SMEs, returned to its summer state in the last quarter. Based on the research results, it seems that the...
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GKI analysis: Don’t let anyone else do the work for you
An often-mentioned element of economic competitiveness is exportability. If a company’s products can be sold abroad at a good price (e.g., products of domestic pharmaceutical manufacturers), this improves the operation...
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Waiting for GDP growth: the Hungarian economy recovering from an uncertain situation
The Hungarian economy is expected to start growing more strongly in the second half of 2025. Equilor Investment Co. forecasts that GDP will grow by 2.2% this year and by...
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KPMG at the World Economic Forum 2025: Collaboration for the Intelligent Era
KPMG will once again be a keynote speaker at the 2025 World Economic Forum (WEF) in Davos from 20-24 January. The main theme of the event is “Collaborating for the...
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Gergely Gulyás: retail turnover has been growing for 13 months, and domestic tourism broke all records last year
The government is optimistic because the Hungarian economy is on the verge of serious growth, the minister leading the Prime Minister’s Office stated on Thursday in Budapest, on Kormányinfo. Gergely...
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Fighting inflation: focus on food and fuel
From January 1, 2025, the government has raised the threshold for VAT exemption to 18 million forints, which affects approximately 850,000 businesses in Hungary. Minister of National Economy Márton Nagy...
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NGM: public finance deficit as a percentage of GDP decreased in 2024
At the end of December last year, the central subsystem of the public finance closed with a deficit of 4,095.8 billion forints. Within this, the central budget showed a deficit...
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Tourism and energy: New impetus for Southern Europe
The concept of the “global North” and the “global South” has long played a decisive role in international economic thinking, separating economically developed and developing countries. However, in recent years,...
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The Chinese market sustains the tobacco industry
While smoking has declined in much of the world as a result of strict regulations and tax increases, the opposite is happening in China. Laxly enforced regulations and government economic...
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The K&H large company growth index shows a turnaround that cannot yet be called a trend
The leaders of large companies seem more optimistic compared to the strong pessimism of the previous period, according to the last quarter research data of the K&H Large Company Growth...
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There were fewer capitalists and the real value of capital income also decreased in 2023
According to NAV data, in 2023 the number of people with capital income decreased from 375 thousand to 356 thousand, about 5 percent. The amount of declared net capital income...
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NKFIH launches project to stimulate SMEs
A new project of the National Research, Development and Innovation Office (NKFIH) encourages micro, small and medium-sized enterprises to develop professionally, innovate, and expand economic relations and research areas, the...
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Turn 2024 – Rise of active individual entrepreneurs
The number of sole proprietorships grew dynamically in 2024, while the decline in partnerships continued. There are currently more than 1.1 million sole proprietorships and partnerships in Hungary, and the...
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New investments worth 4,000 billion forints are coming to our country
Last year was the second most successful year in the history of the Hungarian economy in terms of investment promotion, with 4,000 billion forints of new investment coming to our...
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KSH: the volume of construction production in November decreased by 1.7 percent compared to a year earlier and by 2.0 percent compared to the previous month
In November 2024, the volume of construction production fell by 1.7 percent compared to a year earlier, according to raw data. Among the main construction groups, the production of buildings...
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Inflationary turn among Hungarians
The inflation situation has improved significantly among the population, including the middle-aged, according to the latest K&H Komiszti Futur survey. Among other things, 78 and 66 percent experienced a significant...
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New year, new and old challenges in logistics: The sector could feel like it’s on a roller coaster in 2025
There have been a significant number of economic trials in recent years, both domestically and internationally. 2025 is not expected to be the easiest year in every respect, at least...
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Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly changed the economic outlook for 2025. For much of 2024, we considered a soft landing in the US as our...
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GKI analysis: We are further away from eurozone membership than we were 10 years ago
Hungary committed to adopting the euro when it joined the European Union. Below, we analyze the fulfillment of the four key criteria required for joining the eurozone. The budget deficit...
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Sixfold difference between settlements – Development of net earnings in 2023 by settlement
The GKI examined the development of net earnings by settlement in 2023. This year, real earnings decreased, but this was not uniform by settlement. Net earnings were highest in the...
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