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Worker (illustration, Pixabay)

Hungary’s Employment Rate Remains High as Government Implements Historic Wage Agreement

Hungary’s employment remains at a stable 4.7 million in October 2024, reflecting a year of consistent growth. According to State Secretary Sándor Czomba, the government’s proactive policies, including a historic wage agreement, continue to bolster the labour market….

Hungary Sees Increase in Employment in July 2024

In July 2024 the average number of employed persons aged 15–74 increased by 20,000 compared to the same period of the previous year, according to the Hungarian Central Statistical Office (KSH). On the domestic primary labour market, 4.580 million people…

Hungary April Industrial Output Up by 6.4 Per Cent Year on Year

Hungary’s industrial output grew by 6.4 per cent year-on-year in April, the Hungarian Central Statistical Office (KSH) announced. However, adjusted to working days, the data actually shows a 2.4 per cent decline. In their statement the Ministry for National Economy…
The building of the Hungarian Central Statistical Office in Budapest

Hungary Government Sector Deficit 6.7 Per Cent of GDP in 2023

As of the end of 2023, Hungary’s national debt stood at 55.134 trillion HUF, 73.5 per cent of its GDP. Its debt-to-GDP ratio is considerably lower than that of the Eurozone countries, the collective debt of which amounts to 90.3…

Analysis Timed for Day of Hungarian Culture Finds Cultural Institutions and Publishing Weathered the Pandemic Storm

The Oeconomus Economic Research Foundation released an analysis regarding publishing and cultural institutions recovering after the pandemic on the occasion of the Day of Hungarian Culture….

Reduction in Gas and Electricity Consumption in Hungary in 2023

Approximately 8.5 billion cubic metres of gas was used, indicating a decrease of 1 billion cubic metres, or 10.9 per cent, compared to the 2022 level, and a substantial 2.5 billion cubic metres, or 23 per cent, reduction compared to…

Hungarian Economy Expands in the Third Quarter

Hungary’s economy expanded by 0.9 per cent in the third quarter of this year compared with the previous quarter, adjusted data show, and contracted by 0.4 per cent year on year, based on unadjusted data, the Central Statistical Office (KSH)…

KSH Population Report: Decline in Deaths in September Outpaces Decline in Births

Population loss slowed this September compared to the same month last year, the Central Statistical Office revealed. However, the number of new marriages has also shown a declining trend….

Hungary’s Wage Increase Signals Economic Resilience

The gross average monthly earnings for full-time employees amounted to 555,900 forints, surpassing the previous year’s figures by 15.2 per cent….

KSH: Inflation Dropped Significantly in September

Inflation fell for the eighth month in a row after peaking at 25.7 per cent in January. Food prices rose by 15.2 per cent in September, after a 19.5 per cent increase in the previous month….

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