Hungary February Inflation 8.3%
Hungary’s consumer price index rose by an annual 8.3% in February, a high not last seen since August 2007, and up from 7.9% in the previous month, the Central Statistical Office (KSH) said on Wednesday. Analysts had forecast inflation of 8.1%. Month on month, consumer...
Forint Recovers after Central Bank’s Intervention
The National Bank of Hungary decided to raise the upper band of its interest rate corridor on Tuesday which had a positive impact on Hungary’s currency. After hitting a record low of 400 against the euro on Monday, the forint exchange rate started to strengthen on...
Expo 2020 Hungarian pavilion draws 800,000 visitors
The Hungarian pavilion at the 2020 World Exposition in Dubai has attracted 800,000 visitors since the fair opened in October, the Hungarian Tourism Agency (MTÜ) said on Monday. The daily number of visitors to the pavilion has “risen significantly” to 7,000-8,000 as...
Economy grows 7.1% in 2021
Hungary’s economy grew by an annual 7.1% in the fourth quarter, bringing full-year growth to 7.1%, the Central Statistical Office (KSH) said in a second reading of data. The Q4 figure was revised downward from 7.2% in the first reading released on Feb. 15, but...
