News

Construction Output Up by 3.3 pc in January

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 February Inflation 8.3%

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

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...

Economy grows 7.1% in 2021

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

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...