Tag "GDP"
GKI: Road to “economic neutrality”: Declining West?
The global economic and geopolitical analyzes of recent years are about the changing world order, the rise of new superpowers and new sources of growth, which have a great impact...
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Márton Nagy: sixteen-point deregulation package for the development of tourism
The Ministry of National Economy jointly with the Hungarian Tourism Agency presented a 16 (14+2) point deregulation package aimed at the development of tourism, the Minister of National Economy said...
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Small and medium-sized enterprises have an important role to play in economic recovery
In the coming years, small and medium-sized enterprises (SMEs) will play an important role in economic recovery, and the government is therefore opening up new financing opportunities for them –...
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MNB: inflation continues to slow down in September
August’s 3.4 percent inflation met the central bank’s expectations, September’s figure is expected to be 3.1 percent, a slight increase is expected in the rest of the year, a rate...
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Mihály Varga: the prospects for the Hungarian economy are good
The prospects for the Hungarian economy are good, the current moderate economic growth is accelerating – said Minister of Finance Mihály Varga at the closing plenary session of the 62nd...
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More and more Chinese tourists are coming to Hungary
Márton Nagy signed a cooperation agreement with the Minister of Culture and Tourism in Beijing. Based on the data of recent years, Hungary is becoming an increasingly popular destination among...
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KSH: in the second quarter of 2024, according to raw data, the performance of the economy exceeded the same period of the previous year by 1.5 percent
The volume of Hungary’s gross domestic product in the second quarter of 2024 exceeded the same period of the previous year by 1.5 percent based on raw data, and 1.3...
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NGM: tourism performed better than ever before in July
Tourism performed better than ever before in July – stated the Ministry of National Economy (NGM) based on the latest figures published on Thursday. The announcement cites data from the...
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It is misleading to base economic development only on consumption
The one-sided use of consumption indicators, which are often used to measure economic development, can be misleading, especially if sustainability aspects are ignored, the Index article points out. Eurostat’s indicator...
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In the second quarter, GDP grew by 0.3 percent in the euro area and in the EU on a quarterly basis
In the second quarter of this year, with a seasonal adjustment, the gross domestic product (GDP) increased by 0.3 percent compared to the first quarter in both the euro area...
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AM: focus is on the food industry
The food industry is of particular importance in the Hungarian economy, which has faced many challenges in recent years, but has nevertheless been able to adapt and develop continuously –...
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Márton Nagy: a “peace budget” is needed to restart the economy
Economic growth in the second quarter was lower than preliminary expectations, which can be attributed to external factors. The fundamentals of the Hungarian economy are stable and strong, the rebound...
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American growth in the second quarter turned out to be better than expected
In the second quarter, the gross domestic product (GDP) of the United States grew more than the first quarter and exceeded analysts’ expectations, according to the Thursday report of the...
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Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years was registered in June this year. The number of new company court proceedings exceeded 20,000 again in the first six...
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A new approach to corporate management is taking over: this is how you can prepare your company for the AI era
The corporate sector is barely past the agile transition, the increasingly widely applied revolutionary technological solutions are already urging another change of approach. According to forecasts, artificial intelligence will increase...
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Hungary has been in the EU for 20 years: how has GDP per capita changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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NGM: trust is unbroken, Moody’s also continues to recommend Hungary for investment
Despite the escalating war situation, confidence in Hungary is unbroken: Moody’s also continues to recommend our country for investment – the Ministry of National Economy (NGM) emphasized in its statement...
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Customers will have more money to spend, but the economy is still not out of the crisis
This year, several new economic forecasts indicate that the Hungarian economy will achieve or even exceed regional growth averages, and the increase in real wages will once again enable consumption...
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The European Union started the year with significant growth and a decrease in inflation
According to the latest report of the European Commission, at the beginning of 2024, the economy of the European Union began to grow at a surprisingly fast pace, while inflation...
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Coface: Minimal GDP growth in the region, insolvency also increased
As a result of the economic downturn, the number of corporate insolvencies – i.e. liquidation and bankruptcy proceedings – increased dramatically in Central and Eastern European (CEE) countries during the...
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OECD: Food price inflation fell sharply in most countries
The Paris-based Organization for Economic Cooperation and Development, the OECD, slightly improved its global growth forecast for this year and next year compared to its previous estimate from February. According...
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Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on the only question is the rate of growth – said the leading economist of the Ministry of National Economy (NGM)...
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The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of the economy increased by 0.8% compared to the previous quarter, according to adjusted data, which is more favorable than our...
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Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of the most important indicators of which is GDP per capita measured at purchasing power parity – the Hungarian economy is...
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IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s outlook for the world economy has improved minimally since the organization’s previous forecast in January. According to the revised World...
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Márton Nagy negotiated with representatives of the 13 fastest growing domestic companies
On Thursday, Minister of National Economy Márton Nagy received in his office the senior managers of the 13 domestic companies that are among the fastest growing economic companies in Europe...
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Márton Nagy: the duality of the economy must be resolved
The duality of the Hungarian economy must be resolved, the foreign and Hungarian property present in Hungary must function together and in an integrated manner – emphasized National Economy Minister...
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European Championship Won’t Save German Economy, Study Shows
The European Championship to be held in Germany this summer is unlikely to turn into a summer fairytale for the euro zone’s largest economy as it struggles for growth, a...
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A slow recovery awaits the Hungarian economy
This year, the Hungarian economy started to grow after last year’s decline. However, the speed of recovery is expected to be lower than previously hoped due to the lingering effect...
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KSH: In the fourth quarter of 2023, the performance of the economy was unchanged
According to raw data, Hungary’s gross domestic product (GDP) did not change in the fourth quarter of 2023, but according to seasonally and calendar-adjusted and balanced data, it increased by...
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