Farm Gate Prices Climb 27% in November
Farm gate prices in Hungary rose an annual 27.2% in November, the Central Statistical Office (KSH) said.
Economy
“Hungary to Become Self-Sufficient in Electricity Supplies”
Hungary is set to become self-sufficient in terms of electricity supplies thanks to the expansion of the Paks nuclear power station and investment projects in solar energy, the foreign ministry said, citing Foreign Minister Péter Szijjártó on Monday.
“Mortgage Rate Freeze to Save Families HuF 30 BN”
The government freeze of rates on retail mortgage loans in place for the first half of 2022 will save Hungarian families 30 billion forints (EUR 83.9m), the finance minister said over the weekend.
Opposition: Food Price Cuts Offer No Solution to Rising Inflation
Politicians of three opposition parties on Sunday criticised the government’s rollback of basic food prices, insisting that it offered no solution to rising inflation. Máté Kanász-Nagy, co-leader of green LMP, said the cuts were only a “pseudo measure” serving to “cover for the government’s flawed economic policy”.
Hungary Inflation 7.4% in December
Hungarian annual inflation was 7.4% in December, the Central Statistical Office (KSH) said on Friday. Higher cigarette and vehicle fuel prices continued to be the main drivers, though food and consumer durables prices rose above headline inflation. Spirits and tobacco prices increased by 8.9%, including a 12.7% rise in the price of tobacco products. Prices […]
Construction Sector Output Up 12.3% in November
Output of Hungary’s construction sector rose by an annual 12.3% in November, the Central Statistical Office (KSH) said on Friday.
Opposition Vows to Inject Extra HuF 1,200 BN Into Health Care
The united opposition plans to spend an extra 1,200 billion forints (EUR 3.4bn) in four years on Hungarian health care, its prime ministerial candidate told a forum.
MOL Acquires Lotos Petrol Stations in Poland for USD 610 M
Hungarian oil and gas company MOL on Wednesday said it signed agreements with PKN Orlen and Grupa Lotos on the acquisition of 417 petrol stations in Poland for 610 million US dollars.
World Bank Forecast 5% Hungary Growth in 2022
Hungary’s economy is forecast to grow by 5% this year, according to the World Bank, which raised its June projection of 4.7%. Hungary’s finance ministry expects growth of 5.9% this year.
Government Imposes Price Cuts on Basic Foodstuffs
Hungary’s government has decided to impose price curbs on six food products effective February 1, Prime Minister Viktor Orbán announced on Facebook.