• 16 Aug 2022

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455 result(s) for gdp growth

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
EC Raises Hungary 2022 GDP Growth Forecast to 5.2%

EC Raises Hungary 2022 GDP Growth Forecast to 5.2%

The European Commission has raised its projection for Hungary’s GDP growth this year to 5.2% and said it would slow to 2.1% in 2023.
Catering Turnover Up Over 30% in Hungary this May

Catering Turnover Up Over 30% in Hungary this May

Compared to the rising base due to the gradual post-Covid reopening a year ago, the volume of catering turnover increased by 34.3% in May after the 89.3% increase in April, while its sales revenue increased by 55.8%, according to profitline.hu.
Opposition: Next Year's Draft Budget is 'Unsustainable'

Opposition: Next Year's Draft Budget is 'Unsustainable'

The 2023 draft budget is “unsustainable” and “fictitious”, the head of parliament’s budgetary committee, of the opposition Socialists, said on Wednesday.
Lack of EU Deal May Cost Hungary €1.4 Billion

Lack of EU Deal May Cost Hungary €1.4 Billion

The government’s failure to submit a plan that would be approved by the EU and pave the way for the release of EU reconstruction fund money for the country has cost Hungary €1.4 billion, Népszava writes.
Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
EC Raises Hungary 2022 GDP Growth Forecast to 5.2%

EC Raises Hungary 2022 GDP Growth Forecast to 5.2%

The European Commission has raised its projection for Hungary’s GDP growth this year to 5.2% and said it would slow to 2.1% in 2023.
Catering Turnover Up Over 30% in Hungary this May

Catering Turnover Up Over 30% in Hungary this May

Compared to the rising base due to the gradual post-Covid reopening a year ago, the volume of catering turnover increased by 34.3% in May after the 89.3% increase in April, while its sales revenue increased by 55.8%, according to profitline.hu.
Opposition: Next Year's Draft Budget is 'Unsustainable'

Opposition: Next Year's Draft Budget is 'Unsustainable'

The 2023 draft budget is “unsustainable” and “fictitious”, the head of parliament’s budgetary committee, of the opposition Socialists, said on Wednesday.
Lack of EU Deal May Cost Hungary €1.4 Billion

Lack of EU Deal May Cost Hungary €1.4 Billion

The government’s failure to submit a plan that would be approved by the EU and pave the way for the release of EU reconstruction fund money for the country has cost Hungary €1.4 billion, Népszava writes.
Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation to Peak in Autumn, Says National Bank of Hungary Director

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank’s tolerance band at the end of 2023, and the NBH target of 3% by 2024 H1, according to Gergely Baksay, director of the National Bank of Hungary (NBH).
Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Interest Rate Hiked by 185 Basis Points to 7.75% in Hungary

Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.