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    Unemployment falling

    • 5. November 2016 - by in Brief

    The rolling average three-month jobless rate reached 4.9 percent in July-September, the Central Statistical Office has announced. Analysts said falling unemployment has a positive effect on economic growth in the[…]

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    Cellar of year named

    • 4. November 2016 - by in Brief

    Patricius Winery has been named the 2016 “Cellar of the Year” at a ceremony in Bodrogkisfalu. The title acknowledges the work of vintners who raise the profile of Hungarian wine[…]

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    MSZP ‘must unite for 2018’

    • 30. October 2016 - by in Brief

    The Socialist Party is not capable alone of ousting the government because it does not have anywhere near the necessary voter base, former leader of the party László Kovács told[…]

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    Tourists looking beyond Budapest

    • 29. October 2016 - by in Brief

    Guest nights by foreign visitors at hotels outside Budapest rose 9.6 year-on-year in January-August, well over the 0.4pc growth rate in the capital, business daily Világgazdaság has said, citing the[…]

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    Gross wages up 6.9%

    • 29. October 2016 - by in Brief

    The average gross wage was HUF 258,260 in August, up 6.9pc from August 2015, the Central Statistical Office has said. Net wage growth outpaced the increase, rising 8.5pc to HUF[…]

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    Police photos ruling reversed

    • 28. October 2016 - by in Brief

    The Constitutional Court has thrown out earlier court decisions that banned publication of photos and video footage including portraits of police in action. The courts have so far considered police[…]

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    Airport-city rail study ready

    • 22. October 2016 - by in Brief

    A feasibility study on a rail line to make Liszt Ferenc International Airport more accessible from Budapest and other big cities around the country has been completed, business daily Világgazdaság[…]

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    Inflation moving up

    • 21. October 2016 - by in Brief

    Consumer prices rose 0.6pc year-on-year in September, climbing for the first time in five months, the Central Statistical Office has said. Analysts said the increase had been expected and mainly[…]

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    IMF sees lowers growth

    • 16. October 2016 - by in Brief

    The International Monetary Fund has lowered its projection for economic growth in Hungary this year to 2.0pc in its fresh World Economic Outlook from 2.3pc in the previous outlook released[…]