Tag "magyar gazdaság"
The domestic large corporate sector has a stable outlook
Cautious optimism and stability characterize the outlook of the domestic large companies this year – according to K & H’s first quarter growth index. The indicator of one-year expectations of...
Read moreKSH: revenues in the infocommunication sector increased by 7.8 percent in the first quarter
Companies in the information and communication sector generated sales of 776 billion HUF in the first quarter of this year, 7.8 percent more, compared to the previous year – according...
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Record speed in the first quarter
In the first quarter of 2019 the Hungarian economy defied expectations and didn’t slow down; on the contrary, it accelerated to reach a record speed. Thanks to this, GKI modified...
Read moreSzázadvég: economic growth may even reach 5 percent
The Századvég Economic Research Co. has improved its growth expectations, and in favorable cases it is also not excluded that it will approach or even reach the 5 percent growth...
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Another ten companies are joining the Priority Export Partner Program
A further ten Hungarian companies join the priority export partnership program (kepp), in which nine companies are already involved – Szijjártó Péter, Minister of Foreign Affairs said on Monday at...
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GKI: Business expectations fell sharply in June
After reaching its two-year low in April and an improvement in May, the GKI economic sentiment index fell to its level of early summer 2017. The deterioration in business expectations...
Read moreGrowth can be four percent next year
Next year’s growth – similarly to this year – may be around 4 percent, well above the EU average – Adorján Richárd, Deputy Minister of State of the Ministry of...
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Cash use cost 400-450 billion HUF a year for the country
The amount of cash in circulation in Hungary is very high at over 6,000 billion HUF, which costs about 400-450 billion HUF annually to the country – Balogh László, Deputy...
Read moreThe government expects economic growth of around 4 percent in the coming years
The government expects sustained high economic growth of around 4 percent in the coming years; the growth forecast for next year is 4.0 percent, while 4.1 percent for 2020, 4.2...
Read moreKSH: The production of food, beverage and tobacco products grew by 11 percent
The growth rate of food, beverage and tobacco products accelerated: output in April increased by 10.9 percent year-on-year. The Central Statistical Office (KSH) registered a double-digit growth again after 15...
Read moreAnalysts expect a decline in inflation
Despite the fact that the May inflation rate has remained at the top of the central bank’s inflation target, and core inflation has risen, and other key indicators remain, MTI...
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SMEs expect stable profits in addition to falling sales
Compared to the previous year, domestic companies are planning a modest increase of 7.5 percent in sales revenue, while a stable 4.5 percent profit growth is planned for the next...
Read moreMNB: inflation stagnated, with the core indicators rising
In May, the average increase in consumer prices stagnated, inflation was 3.9 percent in April, while core inflation rose – according to the Hungarian National Bank’s (MNB) analysis – published...
Read moreKSH: four-month export surplus is over two billion euros
In the first four months of the year, the trade surplus became 2.081 billion euros as an 5.3 percent increase occured in the value of exports in euro and 7.4...
Read moreAnalysts: retail sales remain an important driver of GDP growth throughout the year
Basically, retail sales can continue to grow vigorously throughout the year due to wage outflow, which will remain an important factor for economic growth, as expected by analysts interviewed by...
Read moreKSH: retail sales were lively in April
According to raw data, retail trade turnover, was 8.5 percent higher in April, compared to a year before. Calendar effect adjusted, the growth was 7.1 percent, mainly due to the...
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The Purchasing Manager Index increased well above average in May
The seasonally adjusted May value of the Purchasing Manager Index (PMI) rose to 57.9 points from 55.1 in April. The respondents of the survey reported more favorable processes compared to...
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GKI: Hungarian GDP growth peaked in the first quarter
In the first quarter of 2019 the Hungarian economy grew by 5.3 per cent, at a record speed. This rate is by far the fastest in the EU, together with...
Read moreZero Advertising Tax, Accommodation Tax Reduction – Here’s the Government’s new action plan
The government announced a significant tax cut in its new economic action plan – penzcentrum.hu wrote. Economic slowdown is expected in the world, and the goal of the Hungarian government...
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The rise in earnings was double-digit in March
In March, gross average wages increased by 10.2 percent to 367,000 HUF, compared to a year before – the Central Statistical Office (KSH) announced Thursday. The growth has been double...
Read moreKSH: investment growth accelerated in the first quarter
Investments increased by 26 percent in the first quarter after the 17 percent growth of last year. The strong upswing in investments was primarily driven by the development of enterprises,...
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Analysts: increasing employment face increasing constraints
Unemployment has fallen to nadir, but the pace of decline will continue to slow down as the quality of supply is rather low, only the unskilled labor has been left...
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KSH: the number of employees has increased
In February-April this year, the average number of employees was 4 million 492 thousand, 47 thousand more than a year before. The employment rate of 15-64 year-olds increased with 1.0...
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MNB: the shock resilience ability of the Hungarian banking system remains strong
The shock resilience of the Hungarian banking system remains strong, and the institutions of the domestic banking system would meet regulatory expectations even in the event of a significant negative...
Read moreOECD: the growth of the Hungarian economy is slowing down, but remains strong
The growth of the Hungarian economy is slowing down but remains strong this year and next year -according to the latest OECD forecast released on Tuesday. Analysts from the Paris-based...
Read moreA general VAT reduction is possible in the long run
Varga Mihály, Minister of Finance also spoke about the government’s long-term tax plans in the interview with Világgazdaság. Among these, he mentioned that the government would like to reduce the...
Read moreThe CIB Bank expects slowing growth and rising inflation by 2019
This year, CIB Bank expects economic growth of around 3.5 percent, with stable inflation above three percent, however, with unchanged central bank base rate – Trippon Mariann, chief analyst of...
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The wealth of Hungarian households has grown
The wealth of Hungarian households has increased compared to the previous quarter, within which the amount of cash deposits has decreased – origo wrote on the basis of the data...
Read moreLondon analysts: domestic consumption offsets the weakening of external demand
According to London financial analysts, the strong domestic consumption, which counterbalances the weakening of external demand, is the driving force behind the robust first quarter growth momentum of the Hungarian...
Read moreAnalysts: GDP growth exceeded expectations again
The 5.3 percent growth of gross domestic product (GDP) in the first quarter is higher than theexpectations of the market analysts interviewed by MTI, who expect a gradual slowdown in...
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