Tag "magyar gazdaság"
GKI: economic expectations deteriorated in August
The dynamic rise in the GKI business cycle index came to a halt in August after the April low, with half of the April fall caused by the pandemic being...
Read more
Many vendors were knocked out of the store by the virus
The coronavirus pushed down the number of store employees by 23,000 in the second quarter. Meanwhile, part-time employment has jumped. One-tenth of shopkeepers lost their jobs, or part of them,...
Read moreOpten the survival rate of start-up Hungarian companies deteriorated
The survival rate of start-up Hungarian companies has deteriorated in the past year as well, with less than 70 percent of companies reaching the age of 5, while 46 percent...
Read moreAnalysts this year’s economic downturn next year bounce may follow
The performance of the Hungarian economy may jump next year after this year’s downturn – macroeconomic analysts told MTI, who estiimates the growth rate in 2021 at 3-5 percent. According...
Read more
The wealth of Hungarian households increased significantly
By the end of the second quarter, the financial assets of households had increased to 63,191 billion HUF, which is an increase of 1,823 billion HUF, compared to the previous...
Read more
Listen, you spent more in July again
Purchases in shops increased in July. At a slightly higher rate than in June, in July by 1-1.5 percent. In the larger grocery stores, we spent 10 percent more, but...
Read moreKSH: economic performance decreased by 13.6 percent in the second quarter
According to raw data, Hungary’s gross domestic product (GDP) fell by 13.6 percent seasonally and calendar-adjusted, while according to the balanced data by 13.5 percent in the second quarter, compared...
Read moreGKI: An attempt to rapidly measure the coronavirus crisis and economic performance
The application of big data analysis methods and machine learning has created new opportunities in the preparation of economic analyzes and forecasts. Based on the information available to it, the...
Read more
Unemployment figures are better than expected
Unemployment figures in Hungary are much better than expected – Szalai Piroska, labor market expert told M1 news channel on Thursday. She recalled that, according to a report by the...
Read moreOpten: 2942 new businesses were registered in July
In July 2020, 2,942 new companies were registered in Hungary, the last time the number of company foundations was so high was in 2014 – the company information service provider...
Read moreKSH: consumer prices rose by 3.8 percent in July
In July, consumer prices were on average 3.8 percent higher than a year before. Over the past year, the prices of food and spirits and tobacco have risen significantly –...
Read moreKSH: foreign trade surplus was 697 million euros in June
In June, the value of exports in euros decreased by 3.1 percent and imports by 5.7 percent year-on-year. The foreign trade balance of products improved by 201 million euros and...
Read moreBisnode: the willingness to start a business declined in the first half of the year
The number of companies decreased by one and a half percent, the number of company start-ups by 14.7 percent, while the number of liquidations increased by almost 40 percent in...
Read moreAnalysts expect further moderate improvement in retail
Macroeconomic analysts told MTI to expect a gradual recovery in retail sales, according to which the pre-pandemic level is expected to be reached by the end of the year and...
Read moreKSH: the turnover of retail stores did not change in June
The retail stores could be open in June without pandemiological restrictions in the whole country, so according to the raw data, the volume of their turnover increased by 0.8 percent,...
Read more
The shopkeeper market has grown in
The first half of the year and June are also closed slightly but above zero. The sales of clothing stores decreased the most. Although the sales of web stores jumped,...
Read moreITM: retail sales could be positive again this year
Retail sales could be positive again this year, after a short period of recovery, thanks to government action, Secretary of State of the Ministry of Innovation and Technology’s (ITM) said...
Read morePalkovics: almost half of the resources of the Economic Protection Action Plan has already reached destination
In response to the economic crisis caused by the coronavirus, the government announced an economic protection action plan in the spring of 2020 – portfolio.hu wrote. The package has undergone...
Read more
KSH: average gross earnings were 390 thousand HUF in the first five months
In May, the average gross earnings were 398,800 HUF, 9.4 percent higher than a year before. In the first five months of the year, gross average earnings were 390,000 HUF...
Read more
Analysts: the resumption of the economy may improve employment
The moderate increase in the unemployment rate is treated with caution by analysts because a significant proportion of those who lost their jobs due to the pandemic situation could not...
Read moreHungary ranks 19th among EU countries in the MNB’s competitiveness ranking
Hungary finished 19th among the countries of the European Union in the competitiveness ranking of the Magyar Nemzeti Bank (MNB) with 47.4 points, which is slightly higher than the average...
Read moreHooray! The shop world might have grown in July
The total of the indicator of KSH is above zero for the first time since the pandemic period. Also in larger grocery stores. The unpleasant surprise is that the telecommunications...
Read moreGKI only improved the outlook for consumers and business providers in July
Following the shock-like deterioration in the outlook for Hungarian economic participants in April, a significant positive correction took place in May and June. GKI’s economic index rose only slightly in...
Read moreNielsen: Consumer confidence decreased significantly because of the coronavirus
As a result of the Covid-19 pandemic, global consumer confidence decreased by 14 points, compared to the last quarter of 2019: it fell from 107 to 92 points. In Europe,...
Read moreVarga Mihály: economy already revived the a bit in June, but the half-year GDP may decrease by 5 percent
The economy picked up slightly in June, but GDP in the second quarter may still shrink by 10 percent year-on-year and shrink by 5 percent in the second half of...
Read more
K&H: SMEs left the crisis behind
The virus pandemic had a surprisingly moderate effect on the expectations of company executives. According to the most recent K&H SME Confidence Index, domestic SMEs’ sales and profit expectations for...
Read more
Another support program will be launched for exporting Hungarian companies
Another support program will be launched for Hungarian exporting companies, the Minister of Foreign Affairs and Trade announced on his Facebook page. Szijjártó Péter emphasized that the pandemic will create...
Read more
376,000 people were looking for jobs in Hungary in June
In June, there were 376 thousand jobseekers in Hungary, which is an increase of almost 130 thousand compared to the same period of the previous year. Nearly 176 thousand people...
Read moreThis is how the Secretary of State of the ITM sees the chances of the Hungarian economy during a pandemic
The state of the Hungarian economy is encouraging even in the midst of the global economic shock caused by the coronavirus epidemic. This year’s economic downturn may be smaller than...
Read more