Tag "magyar gazdaság"
Hungary will remain an attractive investment destination in the coming years
Encouraging investment and development is at the heart of the government’s Economic Relaunch Action Plan – Varga Mihály said at a meeting of the heads of mission of the Ministry...
Read moreMoody’s: the Hungarian economy is expected to reach its pre-coronavirus performance next year
The performance of the Hungarian economy is expected to reach the level before the coronavirus pandemic again next year, and as a result, the public debt ratio, which has swelled...
Read moreCoface: the Hungarian economy may expand by 4 percent this year
After the economic shock caused by the pandemic, the world economy may expand by 4.3 percent in 2021, and Hungarian GDP may grow by 4 percent, according to the forecast...
Read moreAnalysts: GDP growth by the end of 2020 may indicate a faster-than-expected recovery
Gross domestic product (GDP) growth in the fourth quarter of last year became higher than the analysts’ expectations. It suggests a much higher-than-expected recovery capacity in the economy, meaning a...
Read moreKSH: GDP decreased by 5.1 percent in 2020
Hungary’s gross domestic product (GDP) increased by 1.1 percent in the fourth quarter of last year, compared to the previous quarter and decreased by 3.7 percent, compared to the same...
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MKIK-GVI is constantly improving business confidence
In January, MKIK GVI asked 349 executives about their company’s business situation and prospects for the next six months for the quarterly business survey. (MTI) According to the results of...
Read more2021 could be a year of inflation
This year, the largest central banks can still print an astonishing amount of money, while growth can start as well privatbankar.hu, wrote. The money press could prevent a bigger fall...
Read moreGKI: consumer confidence deteriorated slightly in February
The GKI consumer confidence index decreased by 1.1 points in February, after a rise of 5.5 points in January, to minus 34.9 points – the GKI Gazdaságkutató Zrt. informed MTI....
Read moreKSH: consumer prices rose by 2.7 percent in January
In January, consumer prices were on average 2.7 percent higher than a year before – the Central Statistical Office (KSH) announced on Friday. The data is in line with analysts...
Read moreAccording to the EU forecast, last year’s Hungarian GDP fell by 5.3 percent
According to the European Commission’s winter interim economic forecast, Hungary’s gross domestic product (GDP) fell by 5.3 percent in 2020, while the November forecast was about a 6.3 percent decline....
Read moreAccording to the MNB, the economy will regain its 2019 performance by the end of the year
The Hungarian economy may regain its 2019 performance by the end of 2021, after GDP growth is expected to approach 6 percent this year – the Magyar Nemzeti Bank (MNB)...
Read moreITM: domestic retail has proven to be crisis-resistant
The retail sector provided essentially the same performance in 2020 as a year earlier, with the annual turnover of internet and packages post exceeding 1,000 billion HUF last year. An...
Read moreAnalysts: retail sales in December dcclined due to epidemiological restrictions
Due to restrictions imposed due to the second wave of the pandemic, such as restrained Christmas gift purchases in the absence of large family gatherings, retail sales in December last...
Read moreKSH: retail sales decreased in December
Last year, the turnover of retail stores was 0.2 percent lower than in the previous year, when it grew by 6.3 percent – the Central Statistical Office (KSH) reported on...
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Growth of purchasing power in Hungarian settlements between 2012 and 2019
One important segment of quality of life is purchasing power. Therefore, GKI Economic Research Ltd. estimated the purchasing power of the settlements for the years 2012-2019. During the estimates, we...
Read moreKSH: producer prices rose by 6.8 percent in December and by 4.2 percent in 2020
Last December, domestic sales prices of industry rose by 2.6 percent, export sales prices by 9.0 percent, and industrial producer prices were 6.8 percent higher than a year earlier, the...
Read moreAccording to Parragh, the economy can be recovered quickly
Magyar Nemzet asked the President of the Hungarian Chamber of Commerce and Industry (MKIK) about how quickly the economy can be restored. According to Parragh László, if the vaccine reaches...
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GVH: 2020 was about consumer protection and merger control
Last year, the Hungarian Competition Authority (GVH) closed 51 competition supervision proceedings, of which 29 were on consumer protection, 14 on merger control, and 4-4 cases concerned the investigation of...
Read moreMLBKT: The Purchasing Managers’ Index rose in January
The seasonally adjusted value of the January Purchasing Managers ’Index (PMI) rose 54.9 points from 51.6 in December to the seventh highest January value ever. According to this, the respondents...
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KSH: earnings continued to grow
The average gross earnings of full-time employees were 438,200 HUF in November last year, 8.6 percent higher than a year before. The average earnings in November were increased by an...
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Coronavirus and public debt
The GDP data for 2020 have been released, which provides an opportunity to reflect on how last year developed in the light of the numbers, what the strengths are and...
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Analysts: favorable developments in the labor market in December
More favorable developments prevailed in the labor market in December: despite the restrictions, employment increased slightly on a monthly basis, and the annual lag rate also decreased; the government’s workplace...
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The gap between wages in the capital and in the countryside has narrowed
In 2020, Budapest was also the best place to earn in Hungary, but rural salaries have caught up significantly with the capital compared to previous years. The highest average salary...
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From February, the minimum wage will increase to 167,400 HUF gross
From February 1, the gross value of the minimum wage will increase to 167,400 HUF and the gross value of the guaranteed minimum wage to 219 thousand HUF, which means...
Read moreBy the end of the century, economic well-being had improved in January
The economic index of both the population and companies shows a slightly negative mood, but both indicators have improved compared to the previous month, and pessimism is steadily declining –...
Read moreEquilor: the Hungarian economy may expand by 4 percent this year
The Hungarian economy may expand by 4 percent this year after last year’s expected 6 percent decline, but there is a lot of uncertainty, according to the latest analysis by...
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Profession.hu: the Hungarian job market stabilized in the fourth quarter last year
Last year, the Hungarian job market stabilized in the fourth quarter: the number of new job advertisements was only one percent lower than in the same period of 2019, Profession.hu...
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The difference in net earnings between settlements was nearly thirteen times in 2019
According to NAV data, in 2019 the average monthly salary (employment income) was HUF 295 thousand gross, which meant HUF 200 thousand net per month. There was a significant difference...
Read moreMinister of Agriculture: 7,537 billion HUF to strengthen the Hungarian countryside
7,537 billion HUF will come to strengthen and develop the Hungarian countryside through the EU and domestic resources of the Common Agricultural Policy (CAP) by 2027, said Nagy István at...
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Consumer-friendly personal loans to come
New personal loans can be taken out for a maximum term of 7 years, and banks need to decide quickly on disbursement, which also maximizes fees and loan interest. Although...
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