• GDP Up 17.9% in Hungary

    GDP Up 17.9% in Hungary

    • 18 Aug 2021 3:03 PM

    Hungary’s second-quarter GDP grew by an annual 17.9% after a double-digit decline in the base period, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows.

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  • Faster Minimum Wage Hikes Advocated by Hungarian Union

    Faster Minimum Wage Hikes Advocated by Hungarian Union

    • 17 Aug 2021 11:36 AM

    High inflation and the weaker forint have annulled the wage hike made at the beginning of the year, so the gross minimum wage should be increased to Ft 200,000 per month from January 1, 2022, president László Kordás of union alliance Maszsz told Népszava on Monday.

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  • S+P: Stable Outlook in Hungary

    S+P: Stable Outlook in Hungary

    • 16 Aug 2021 9:43 AM

    S+P Global Ratings affirmed Hungary’s ‘BBB’ sovereign rating with a stable outlook at a scheduled review. S+P’s analysts projected Hungary’s economy would grow 6.1% this year and 5.3% in 2022, acknowledging the country’s effective vaccination rollout and fiscal stimulus.

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