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economy

General Government Gross Debt Improved More Than Expected

According to the National Bank of Hungary, the ratio of gross government debt to GDP improved significantly last year….

POLITICO Attacks Hungary and Poland For Ambassadors Attending Celebration of Iranian Revolution

Ambassadors Varga-Haszonits and Fałkowski were the only diplomats to be present at the Tehran event with President Raisi. Despite that, other European nations also refrain from fully committing to cutting ties with the Middle Eastern nation….

Shifting Paradigms in Global Supply Chains

This article aims to outline the nature and role of global supply chains in economic globalization, and to highlight the underlying roots of and reasons for the new trend towards realignment….

Hungarian Tourism Close to Record Numbers

Tourism numbers in Hungary massively outperformed the expectations for 2022. The data showed that the industry reached levels close to those recorded before the pandemic….

Chinese Investments Contribute to Growth in Hungary

Over the last couple of years, Chinese investments have greatly contributed to economic growth in Hungary, in sectors ranging from cargo transport to battery manufacturing….

A Close Look at the Hungarian Economy

Similarly to the budget deficit, public debt is also declining and may drop to below 70 per cent this year. To compare: Hungary’s public debt was 83.6 per cent of the GDP in the second quarter of 2010, the final…

Hungarian Unemployment Rates at Record Lows

Recently published statistics about 2022 workforce data show that the Hungarian unemployment rate has plunged to under four per cent….

The Lessons to Learn From Britain’s Productivity Puzzle

Increasing labour productivity is the most important determinant of sustainable, long-term economic growth. More investment, both in human and physical capital and technology, are of paramount importance in order to achieve it….

A Hungarian Green Success Story in the Making: Debrecen

The massive electric vehicle-related investments that Debrecen has secured over the past year represent a major step in Hungary’s shift toward a more sustainable economic development….

The Cost of the War May Impact Ukrainians’ Resolve to Fight

The cost of the war in Ukraine was sky-high even before Moscow started to target the country’s critical infrastructure….

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