S+P Downgrades Hungary to BBB-, Bounce-Back Expected
- 30 Jan 2023 9:05 AM
S+P Global Ratings downgraded Hungary’s sovereign rating one notch to BBB- from BBB at a scheduled review on Friday.
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Inflation Expected to Fall to Single Digits by End 2023 - Hungary's Economy Minister
- 27 Jan 2023 9:23 AM
Economic growth may slow to 1.5% this year, but Hungary can avoid recession, and GDP might jump as high as 4% in 2024, the economy development minister told the weekly Mandiner.
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No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting
- 25 Jan 2023 10:59 AM
The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
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13% Base Rate Kept on Hold in Hungary
- 25 Jan 2023 10:29 AM
Hungarian rate-setters decided to keep the base rate on hold at 13% at a regular policy meeting on Tuesday, the first such meeting this year.
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Hungarian Opinion: Pensions Raised by 15 Percent
- 24 Jan 2023 8:37 AM
Even as old-age pensions are increased to follow the inflation rate forecast for 2023, a left-wing columnist sees no reason for the elderly to thank the government.
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Budget Deficit in Hungary Now Exceeds Euro 12 Billion
- 24 Jan 2023 6:54 AM
Hungary’s cash flow-based budget, excluding local councils, posted a 4,753.4 billion forint (EUR 12.1bn) deficit in 2022, the finance ministry confirmed in a detailed release of data.
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