• 22 Dec 2025

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Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Output of Hungary’s industrial sector rose by an annual 3.1% in April, slowing from 3.6% in the previous month, as output of automotive companies continued to shrink, the Central Statistical Office (KSH) said in a first reading of data.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
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%.
Trade Up: Germany Remains One of Hungary’s Key Economic Partners

Trade Up: Germany Remains One of Hungary’s Key Economic Partners

German businesses continue to see Hungary as a good investment destination, the finance minister said at an event of the German-Hungarian Chamber of Industry and Commerce (DUIHK).
Nokia 5G R&D Investment to Create 150 'Advanced-Skill' Jobs in Hungary

Nokia 5G R&D Investment to Create 150 'Advanced-Skill' Jobs in Hungary

Finnish telecommunications and IT company Nokia’s 2.5 billion forint (EUR 6.35m) investment is set to create 150 advanced-skill jobs in Budapest as part of an R&D programme in 5G technology, Péter Szijjártó, the minister of foreign affairs and trade, said on Tuesday.
Food Processing & Farming Investments Up Significantly in Hungary

Food Processing & Farming Investments Up Significantly in Hungary

Investments in Hungary’s agriculture and food industry increased significantly in the first quarter of this year, the minister of agriculture said on Tuesday.
Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Arriving in Brussels for a two-day summit, Viktor Orbán said Hungary could back an EU embargo on Russian oil if it left out oil delivered through pipelines.
Investment Volume Up by 8.7% in Hungary in Q1, Says KSH

Investment Volume Up by 8.7% in Hungary in Q1, Says KSH

Investment volume in Hungary rose by an annual 8.7% in the first quarter of 2022, supported by investments from businesses and growing activity by households, the Central Statistical Office (KSH) said.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.
Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Output of Hungary’s industrial sector rose by an annual 3.1% in April, slowing from 3.6% in the previous month, as output of automotive companies continued to shrink, the Central Statistical Office (KSH) said in a first reading of data.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
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%.
Trade Up: Germany Remains One of Hungary’s Key Economic Partners

Trade Up: Germany Remains One of Hungary’s Key Economic Partners

German businesses continue to see Hungary as a good investment destination, the finance minister said at an event of the German-Hungarian Chamber of Industry and Commerce (DUIHK).
Nokia 5G R&D Investment to Create 150 'Advanced-Skill' Jobs in Hungary

Nokia 5G R&D Investment to Create 150 'Advanced-Skill' Jobs in Hungary

Finnish telecommunications and IT company Nokia’s 2.5 billion forint (EUR 6.35m) investment is set to create 150 advanced-skill jobs in Budapest as part of an R&D programme in 5G technology, Péter Szijjártó, the minister of foreign affairs and trade, said on Tuesday.
Food Processing & Farming Investments Up Significantly in Hungary

Food Processing & Farming Investments Up Significantly in Hungary

Investments in Hungary’s agriculture and food industry increased significantly in the first quarter of this year, the minister of agriculture said on Tuesday.
Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Arriving in Brussels for a two-day summit, Viktor Orbán said Hungary could back an EU embargo on Russian oil if it left out oil delivered through pipelines.
Investment Volume Up by 8.7% in Hungary in Q1, Says KSH

Investment Volume Up by 8.7% in Hungary in Q1, Says KSH

Investment volume in Hungary rose by an annual 8.7% in the first quarter of 2022, supported by investments from businesses and growing activity by households, the Central Statistical Office (KSH) said.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.