EU Agrees to Unlock Hungary Funds, Confirms PM Press Chief
- 25 Mar 2022 4:20 PM
A total of 300 million euros in European Union funding will soon be made available to Hungary, the PM’s press chief said in Brussels.
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Hungarian Central Bank Points to 'Strong' Influence of War on Economic Activity in Inflation Report
- 25 Mar 2022 4:17 PM
The National Bank of Hungary (NBH) acknowledged the country’s “dynamic” economic growth early in the year, following a record expansion in 2021, but said economic activity in the coming quarters will be “strongly influenced” by the war in Ukraine in its quarterly Inflation Report released on Thursday.
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Central Bank in Hungary Raises Base Rate to 4.40% Due to Increased Inflation Risks
- 23 Mar 2022 7:54 AM
Hungarian rate-setters raised the central bank base rate by 100 basis points to 4.40% at a monthly policy meeting.
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Trade Balance Shows Deficit for Seventh Month in Hungary
- 16 Mar 2022 8:10 AM
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.
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Inflation in Hungary Hits Highest Level in 15 Years
- 10 Mar 2022 6:34 AM
Consumer prices in Hungary were 8.3% higher on average in February 2022 than a year earlier, according to data published by the Central Statistical Office (KSH), representing the highest inflation rate since August 2007.
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Details Released for Hungary's Budget Deficit of HUF 1,434 Billion
- 9 Mar 2022 8:49 AM
Hungary’s cash flow-based budget deficit, excluding local councils, was 1,433.7 billion forints at the end of February, lifted by tax refunds, pensioner and public sector bonuses and a payroll tax cut, a first reading of data released by the Finance Ministry on Tuesday shows.
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