Tag "GDP"
GKI: Large investments supported by the government are destroying the local labor market
The Hungarian government has announced several large investments in recent years as part of the country’s reindustrialization. These include CATL and BMW in Debrecen, BYD in Szeged, and the battery...
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Company trends 2024: 11 thousand fewer companies: the company trends of 2024 in numbers
The number of active partnerships decreased by 11 thousand by the end of 2024. More than 35 thousand companies ceased to exist last year, while the number of new company...
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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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Can the lending boom continue next year?
The volume of retail loan agreements this year could even surpass the record year of 2021, if the growth rate experienced during the year persists until the end of the...
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OECD upgrades global GDP growth forecast for 2025
The Organization for Economic Co-operation and Development (OECD) on Wednesday raised its global economic growth forecast for next year to 3.3 percent from 3.2 percent. The OECD also reaffirmed its...
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KSH: In the third quarter, the economic performance decreased by 0.7 percent compared to the same period of the previous year
The volume of Hungary’s gross domestic product (GDP) in the third quarter of 2024 was 0.8 percent lower than in the same period of the previous year based on raw...
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Péter Benő Banai: next year, the Hungarian economy may grow above 3 percent
Next year, the Hungarian economy, relying on the policy of economic neutrality, can grow above 3 percent, stated the State Secretary of the Ministry of Finance responsible for public finances...
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The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important, not only from an ethical point of view, but also from an economic point of view, said Oszkár Ökrös, Deputy...
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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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