News
Ban on destruction of unsold clothes and shoes enters into application
From 19 July, large companies across the EU are prohibited from destroying unsold clothes, clothing accessories and footwear. Medium-sized companies will be subject to the same rules from 2030. The measure, introduced under the Ecodesign for Sustainable Products...
A better understanding of links between natural resources can help the EU’s sustainability drive
Addressing the links between natural resources like food, energy, water, land, materials and ecosystems services is key to supporting Europe’s ambitions in shifting to a sustainable future,...
Construction Output Up by 3.3 pc in January
Output growth of Hungary’s construction sector slowed to an annual 3.3 percent in January, decelerating on a decline in the building segment, the Central Statistical Office (KSH) said on Wednesday....
Hungary trade balance shows deficit for seventh month in a row
Hungary’s trade balance showed a deficit for the seventh month in a row in January, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. Hungary, an...
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...
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...
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...
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...
V4 energy ministers discuss hydrogen in Budapest
Energy ministers of the Visegrad Group comprising the Czech Republic, Hungary, Poland and Slovakia discussed the planning and establishment of a European hydrogen ecosystem at a meeting in Budapest...
FM Varga in Debrecen: 2021 had the highest annual economic growth rate in the last 30 years
Hungary is expected to have expanded by 6.5 to 6.9 percent in 2021, Finance Minister Mihály Varga said. Varga’s comments came at the opening of the Hajdú-Bihar County Chamber of Commerce and...
