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Hungary’s economy stagnated in the first quarter of 2025, with gross domestic product showing no growth on raw data and contracting 0.4% on seasonally and calendar-adjusted terms year-on-year.
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Over one-third of auctions of property seized by the National Tax and Customs Administration (NAV) are successful, with a wide range of sometimes interesting items up for grabs.
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The OECD forecasts Hungary's GDP growth will reach 0.9pc in 2025 before accelerating to 2.4pc in 2026 in its latest Economic Outlook published.
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Moody's Ratings affirmed Hungary's investment-grade sovereign rating at a scheduled review on Friday, the National Economy Ministry said in a statement.
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The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting on Tuesday.
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Banks have warned that the government’s transparency bill on cutting off foreign funding for NGOs, media outlets and others is eroding confidence in the domestic financial system, which could lead to capital flight from the sector.
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