Tag "magyar gazdaság"
MNB: household savings increased in the fourth quarter of last year
Households’ net financial savings amounted to 905 billion HUF, or 5.8 percent of GDP, in the fourth quarter of last year, compared to 111 billion HUF in the third quarter...
Read moreKSH: GDP grew by 7.1 percent in 2021 as a whole
Hungary’s gross domestic product (GDP) grew by 7.1 per cent in 2021 compared to the previous year, and by 2.1 percent in 2019, the Central Statistical Office (KSH) announced on...
Read moreKSH: agricultural producer prices increased by 31.0 percent
In December last year, agricultural purchase prices were 31.0 percent higher than a year earlier, with statistics showing an average increase of 19.3 percent last year, according to the latest...
Read moreHungarian inflation at 2007 heights
In January 2022, consumer prices were on average 7.9 percent higher than a year before. Inflation was last higher in August 2007, the Central Statistical Office (KSH) reported on Friday....
Read moreThe value of corporate acquisitions in Hungary increased by half last year
The total value of corporate mergers and acquisitions (M&A) in Hungary last year was 1.67 billion USD (520.8 billion HUF), which was almost 50 percent higher than in 2020, said...
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GKI: per capita purchasing power in 2020 was 2 million HUF
At the national level, the purchasing power per capita (total income) averaged 2 million HUF in 2020, increasing by 7 percent in nominal terms in one year, GKI Gazdaságkutató Zrt....
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The vast majority of stores enforce the food price stop
The vast majority of stores are validating the food price stop, with experts finding fault in just 17 stores last week, the strategic secretary of state for the Ministry of...
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Századvég: real wage growth is expected to average double-digit this year
Regős Gábor, head of the macroeconomic business unit of the Századvég Konjunktúrakutató Zrt., expects real wage growth to average above ten percent this year. Regős told M1 news channel on...
Read moreAnalysts: growth this year may be higher than last year’s
Most analysts have been positively surprised by the pick-up in retail at the end of last year, which is expected to grow even more this year due to the extraordinary...
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KSH: retail turnover increased by three and a half percent last year
Excluding the calendar effect, the turnover of retail stores increased by 6.2 percent in December last year, by 6.7 percent according to raw data, and by 3.5 percent for the...
Read moreKSH: foreign trade balance showed a deficit of 76 million euros in last November
In November last year, the value of exports in euros increased by 8.2 percent and imports by 15.7 percent year-on-year, the balance deteriorated by 682 million euros and showed a...
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KSH: 4,687,000 employees in December
The average monthly number of employees aged 15-74 in December 2021 was 4,687,000. In the period of October-December 2021, the average number of employees was 4,688,000, which is 65,000 more...
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According to Equilor, the economy could grow by 4.5 percent this year
In the first half of the year, domestic consumption will push up economic growth, after which external demand may have a positive effect on the data with the recovery of...
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Analysts: inflation and labor shortages are pushing up earnings
Analysts told MTI last November that the earnings rose unexpectedly last year are attributed to high inflation and labor shortages. According to a report released by the Central Statistical Office...
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KSH: Earnings grew by 10.1 percent last November
In November last year, the average gross earnings of full-time employees were 482,400 HUF, and the average net earnings excluding benefits were 320,800 HUF, both 10.1 percent higher than a...
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AM: The result of the Hungarian canning industry has increased to two and half fold since 2010
The result of the Hungarian canning industry has increased to two and half fold since 2010 and the export capacity of the sector has also strengthened, the state secretary of...
Read moreSzázadvég: corporate and retail sentiment had improved significantly
The Business Tendency Survey of the Századvég, measured an improving sense of economic activity among both the population and businesses. The value of the household economic index on the scale...
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Takarékbank revised its growth forecast for last year and this year downwards
Macroeconomic analysts at Takarékbank and the Magyar Bankholding have downgraded their GDP forecast for 2021 to 6.9 percent from 8 percent and this year’s growth forecast to 6 percent from...
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Raiffeisen: Hungarian economy could expand by 4.5 percent this year
The recovery of the economy may continue, this year the growth rate may exceed 4 percent in Europe and up to 4.5 percent in Hungary, the bank’s analysts said at...
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Profession.hu: companies started a strong recruitment last year
From the point of view of the labor market, 2021 was an unprecedented year, during the twelve months a visible, intense wave of recruitment went through the country, the companies...
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Minister of Agriculture: the performance of agriculture has increased significantly in recent years
The regional productivity of Hungarian agriculture increased by 161 percent between 2010 and 2021, Minister of Agriculture Nagy István wrote on his community page. The head of the ministry drew...
Read moreAnalysts: food and durable goods have raised inflation in December
Analysts told MTI that inflation had not slowed last December in spite of expectations. A lot is expected from the January indicator, because the revaluations at the beginning of the...
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KSH: agricultural purchase prices continued to rise
The rise in agricultural purchase prices accelerated further in November last year, by an average of 27.2 percent year-on-year after rising 26.1 percent in October. The rise in prices for...
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KSH: consumer prices rose by 5.1 percent last year
Last December, consumer prices were on average 7.4 percent higher than a year earlier, 0.3 percent higher than a month earlier and up 5.1 percent year-on-year, the Central Statistical Office...
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The World Bank has improved its forecast for the Hungarian economy
The government is working to maintain its lead in relaunching the Hungarian economy and to keep the Hungarian economy on a dynamic growth path even in a slowing global economic...
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Domestic consumption has increased VAT revenues
The amount of tax collected between January and November significantly exceeds the figures planned for the same period, and based on the outstanding VAT revenues, domestic consumption developed very well...
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KSH: sales of retail stores increased by 3.8 percent
In November last year, the volume of retail trade turnover increased by 3.8 percent, compared to the same period of the previous year, according to both raw and calendar-adjusted data,...
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MKIK: 81 percent of companies plan to raise wages this year
This year, 81 percent of companies plan to raise wages, 18 percent indicated that they will not change wages, while 1 percent expect a decline, MKIK told MTI in its...
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The MNB Vice-President: the series of base rate increases in 2022 will continue
Prolonged inflationary pressures justify long base rate hikes, and the monthly series of rate hikes will continue in 2022, Virág Barnabás, vice-president of the Magyar Nemzeti Bank (MNB) said in...
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Kopint-Tárki revised its GDP growth forecast for this year downwards
Kopint-Tárki has revised its GDP growth forecast for this year down to 6.1 percent from 6.8 percent indicated in the autumn, CEO Palócz Éva announced at the online presentation of...
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