EC Raises Hungary GDP Growth Projections
- 9 Nov 2018 10:28 AM
The European Commission raised its projections for Hungary’s GDP this year and next to 4.3% and 3.4%, respectively, in a biannual forecast.
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Hungary's Service PPI Up 0.6% Year-On-Year In Q2
- 30 Oct 2018 7:21 AM
Service producer prices were up 0.6% in the second quarter of 2018 from the corresponding period last year, the Central Statistical Office (KSH) said in a report published on its website.
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Hungary’s End-Sept Deficit At 110% Of FY Target
- 26 Oct 2018 9:04 AM
Hungary’s cash flow-based budget, excluding local councils, ran a 1,496.5 billion forint (EUR 4.6bn) deficit at the end of September, the finance ministry confirmed in a second reading of data.
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HUF 1,000 Banknotes To Be Withdrawn
- 18 Oct 2018 7:16 AM
From November 1, Ft 1,000 banknotes issued before 2017 will no longer be legal tender, the MNB warned on Wednesday.
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VAT Cut In Hungary Bad For Revenues
- 13 Oct 2018 8:35 AM
Reducing Hungary’s main VAT rate by two percentage points to 25% would result in “many hundreds of billions of forints” of lost budget revenue, András Tállai, the deputy finance minister, said in an interview published in Friday’s issue of the daily Magyar Idők.
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EU To Transfer Almost All Funds To Hungary
- 10 Oct 2018 8:37 AM
The government has managed to resolve disputes with the European Commission on all but two funding issues, namely the construction of the M4 metro line and Hungary’s tendering system for EU funds.
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