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GDP

Moody’s: Hungary’s Outlook Remains Stable

The credit rating agency expects a three per cent economic growth in Hungary next year, supported by strong exports, a high investment rate, and rising real wages….
Hungarian Foreign Minister Péter Szijjártó at the Tranzit festival in Tihany on 26 August 2023.

Péter Szijjártó: Our Time has Come

‘And here we come. Our time has come because by becoming the meeting point of Eastern and Western investments, we provide a life insurance for Hungary, we provide a guarantee that in the coming years, Hungary will be the winner…

Hungarian Company Hell Energy to Invest Over $200 Million in Azerbaijan

The facility aims to produce 700–800 million aluminium beverage cans annually, with approximately half of them filled, mainly to meet the demands of local and regional third-party brands. Additionally, the company plans to serve its own local and regional markets…

Rolls-Royce to Invest in Future-Oriented Development in Hungary

During the announcement of Rolls-Royce’s new research and development investment, the minister highlighted that the company will design the tools necessary for the transportation of the future in its Budapest centre, including components for hybrid and electric aircraft and systems…

EBRD Improves Forecast for Hungarian Economy

In its Tuesday report, the bank estimated a real growth of 0.4 per cent for 2023 and 3.5 per cent for 2024 in Hungary. The bank increased its estimate for the Hungarian Gross Domestic Product growth this year by 0.6…

Can the World Economy Be Made Stable and Growing amidst Dominant Ideologies and Interests?

As regards so-called ‘globalization’, it is becoming evident that—due to technological and supply chains complexities—it is reaching its natural limits. We should, therefore, pay more attention to the rationality of domestic policies….

Financial Flows, Supply Chain Politics, and Europe’s Stagflation

There is a slowdown in global growth. The economies of a once highly globalized world are drifting apart. The EMU economy is being hit particularly hard. The recession is coming and, according to projections, the EMU will soon enter stagflation,…
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Slovakia Turns Thirty

‘Slovakia has turned thirty years old. Whether the past three decades can be considered a success story remains an open question. The Slovak nation achieved the independence it had always wanted.’…

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….

Analysts Suprised by Hungarian GPD Growth

The Hungarian economy’s second quarter performance has surprised analysts – according to official data, Hungary’s GDP has grown by 6,5 per cent compared to the same period last year….

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