• 22 Nov 2024

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10 result(s) for high energy costs in Finance

IMF Sees Hungary Economic Growth Among Highest In Region

IMF Sees Hungary Economic Growth Among Highest In Region

The International Monetary Fund (IMF) has bumped up its projection for Hungary’s economic growth in 2022 to 5.7%, among the highest in the region, according to the finance ministry.
Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

The average gross wage in Hungary climbed 14.9% year-on-year to 495,900 forints (EUR 1,250) in May, data released by the Central Statistical Office (KSH) on Monday show.
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).
Hungarian Central Bank Points to 'Strong' Influence of War on Economic Activity in Inflation Report

Hungarian Central Bank Points to 'Strong' Influence of War on Economic Activity in Inflation Report

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.
Hungary Central Bank Raises Base Rate 50 Basis Points

Hungary Central Bank Raises Base Rate 50 Basis Points

Hungarian central bank rate-setters raised the base rate by 50 basis points to 3.40% at a regular policy meeting on Tuesday.
Central Bank Hikes Base Rate by 50 Bps to 2.9%

Central Bank Hikes Base Rate by 50 Bps to 2.9%

Hungarian central bank (NBH) rate-setters, at a regular policy meeting on Tuesday, hiked the base rate by 50 basis points to 2.9%.
Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play. In his article in the business daily Világgazdaság, Varga said the jump in energy prices, raw materials and transport costs, as well as the re-pricing amid the post-pandemic economy — services in ...
EC Raises Hungary 2021 GDP Growth Forecast to 7.4%

EC Raises Hungary 2021 GDP Growth Forecast to 7.4%

The European Commission has raised its projection for GDP growth in Hungary this year to 7.4%, up from its July projection of 6.3%.
Hungary’s Growth Rate Among Highest In EU

Hungary’s Growth Rate Among Highest In EU

Hungary has recently experienced strong economic expansion with one of the highest GDP growth rates in the European Union, the European Commission said in an annual country report released on Wednesday.
IMF Sees Hungary Economic Growth Among Highest In Region

IMF Sees Hungary Economic Growth Among Highest In Region

The International Monetary Fund (IMF) has bumped up its projection for Hungary’s economic growth in 2022 to 5.7%, among the highest in the region, according to the finance ministry.
Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

The average gross wage in Hungary climbed 14.9% year-on-year to 495,900 forints (EUR 1,250) in May, data released by the Central Statistical Office (KSH) on Monday show.
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).
Hungarian Central Bank Points to 'Strong' Influence of War on Economic Activity in Inflation Report

Hungarian Central Bank Points to 'Strong' Influence of War on Economic Activity in Inflation Report

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.
Hungary Central Bank Raises Base Rate 50 Basis Points

Hungary Central Bank Raises Base Rate 50 Basis Points

Hungarian central bank rate-setters raised the base rate by 50 basis points to 3.40% at a regular policy meeting on Tuesday.
Central Bank Hikes Base Rate by 50 Bps to 2.9%

Central Bank Hikes Base Rate by 50 Bps to 2.9%

Hungarian central bank (NBH) rate-setters, at a regular policy meeting on Tuesday, hiked the base rate by 50 basis points to 2.9%.
Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play. In his article in the business daily Világgazdaság, Varga said the jump in energy prices, raw materials and transport costs, as well as the re-pricing amid the post-pandemic economy — services in ...
EC Raises Hungary 2021 GDP Growth Forecast to 7.4%

EC Raises Hungary 2021 GDP Growth Forecast to 7.4%

The European Commission has raised its projection for GDP growth in Hungary this year to 7.4%, up from its July projection of 6.3%.
Hungary’s Growth Rate Among Highest In EU

Hungary’s Growth Rate Among Highest In EU

Hungary has recently experienced strong economic expansion with one of the highest GDP growth rates in the European Union, the European Commission said in an annual country report released on Wednesday.