Analysis

Analysis

MBH Stands by 2024 GDP Growth Forecast of 2.7%

Analysts at MBH Bank, Hungary's second-biggest lender, are sticking to their forecast for GDP growth of 2.7% this year, chief...

Analysis

KPMG Hungary Reveals How AI Could Revolutionize Businesses

In conjunction with the 35th anniversary of KPMG Hungary, the experts at the Big4 firm have summarized the future directions...

Analysis

Hungary PMI Points to Contraction in June

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 49.4 points in June, down from 51.3 points in May, the Hungarian...

Analysis

Chamber of Commerce Corner, June 14, 2024

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Analysis

Czech Economic Confidence Improves in June

The Czech economic confidence strengthened in June to the highest level in two years, survey results from the Czech Statistical...

Analysis

IMF Staff Acknowledge ‘Encouraging Signs’ in Hungary

International Monetary Fund (IMF) staff acknowledged a rapid decline in inflation, a "resilient" labor market, and financial sector, and recovering...

Analysis

MNB Lowers 2024 Inflation Forecast

The National Bank of Hungary (MNB) lowered its 2024 inflation forecast because of more favorable than expected spring data and...

Analysis

Delta 1 Esports Café: Hungary’s Latest Esports Hub Opens

Budapest has inaugurated its latest electronic gaming venue, the Delta 1 Esports Café. The hub offers a comprehensive environment for...

Analysis

Startup Genome, Hungarian Innovation Agency Feature Startup Ecosystem

The 2024 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network was launched on June 10...

Analysis

Craft Conference Celebrates 10th Anniversary with Leading Tech Giants

The 10th anniversary of the Craft Conference, Central Europe’s largest professional IT event, was held at the Hungarian Railway Museum...

Analysis

Editorial: In Praise of Summer Sundowners

It’s been a busy few days, what with AmCham and GE Hungary celebrating their joint 35th anniversary (see page 21),...

Analysis

Inflation in Hungary on the Rise Again

Although prices fell by 0.1% in May from April, the 12-month inflation index rose to 4%. This means that the...

Analysis

Chamber of Commerce Corner, May 31, 2024

This regular section of the Budapest Business Journal features news and events from various international business chambers. For further information...

Analysis

More Companies Take Action Against Corruption

More domestic companies are consciously taking action against corruption within the organization, according to EY's international research involving a total...

Analysis

ESG, Among Others, an ‘Increasingly Important’ Field for International Law Firms

Some of Hungary’s leading legal minds give us their take on the country’s evolving market, including significant growth areas (with...

Analysis

Hungarian Business Confidence Improves as Consumer Sentiment Weakens

Business confidence edged higher in Hungary in October, while consumer sentiment deteriorated, according to economic research institute GKI....

Analysis

Kopint-Tárki Forecasts Hungary’s GDP Growth at 2.5% in 2027

Economic research institute Kopint-Tárki expects Hungary’s GDP to grow by approximately 2.5% in 2027, according to a new forecast released...

Analysis

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

Analysis

VOSZ Business Confidence Index Declines in Q3 2026

Hungarian business association VOSZ’s business confidence index fell two percentage points to 50% in the third quarter of 2026, according...

Analysis

Editorial: In Praise of the Diplomatic Dance

The improved mood evident across Hungary following the Tisza government’s assumption of power appears to have extended well beyond the...

Analysis

Equilor: 2033 Earliest Date for Hungary to Adopt the Euro

Hungary could adopt the euro no earlier than 2033, according to a new assessment by Equilor Investment, which acknowledges improving...

Analysis

Bosch-Richter Survey Finds Hungarians Open to AI, Health Tech and Safer Mobility

A survey presented at BoschxRichter Innovators’ Day suggests Hungarians prioritize health and financial stability while welcoming technology that improves safety...

One in Six Hungarian Adults Has Lost Money to Cyberfraud, CIB Survey Finds

Nearly half of Hungarian adults have encountered a cyberfraud attempt, and 16% have lost money, according to a representative survey...

Economic and Geopolitical Uncertainty Should Change how we Grow, not Whether we Grow

Economic volatility, geopolitical disruption, and technological change are making long-term decisions harder for business leaders. Yet uncertainty does not remove...

Hungary’s GDP Grows 1.5% in Q3 as Industry Offsets Drought Hit

Hungary’s GDP grew 1.5% year-on-year in the Q3 2026, supported by industry and services, while drought-hit agriculture held back the...

Hungary Sets 2030 Euro Readiness Goal in Growth and Deficit Plan

Hungary aims to meet the conditions for euro adoption by 2030 while lifting growth above 3% and reducing budget deficit...

Hungarian Business Confidence Improves as Consumer Sentiment Weakens

Business confidence edged higher in Hungary in October, while consumer sentiment deteriorated, according to economic research institute GKI....

Kopint-Tárki Forecasts Hungary’s GDP Growth at 2.5% in 2027

Economic research institute Kopint-Tárki expects Hungary’s GDP to grow by approximately 2.5% in 2027, according to a new forecast released...

MNB Keeps Base Rate Unchanged, Lower Inflation Target Signals Tighter Stance

The Monetary Council of the National Bank of Hungary (MNB) left Hungary’s benchmark rate at 5.5% at its most recent...

Hungarian Business Groups Urge Changes to Draft Wealth Tax

Fourteen Hungarian business organizations have issued a joint statement calling for changes to the proposed wealth tax, including relief for...

AI Boom, USD 100 Oil and 5% Bond Yields Reshape Investment Outlook

An AI-driven technology rally, oil prices above USD 100 and U.S. Treasury yields around 5% are reshaping investment opportunities, according...

VOSZ Business Confidence Index Declines in Q3 2026

Hungarian business association VOSZ’s business confidence index fell two percentage points to 50% in the third quarter of 2026, according...

Editorial: In Praise of the Diplomatic Dance

The improved mood evident across Hungary following the Tisza government’s assumption of power appears to have extended well beyond the...

EY Urges Early Preparation for Hungary’s Proposed Wealth Tax

Hungary’s proposed wealth tax could create new obligations for wealthy individuals, trusts and private foundations, with the first assessment generally...

IMF Sees Window for Hungary’s Economic Revival, Urges Swift Reforms

Hungary has a “uniquely favorable window of opportunity” to revitalize its economy, but must act quickly to turn market confidence...

Equilor: 2033 Earliest Date for Hungary to Adopt the Euro

Hungary could adopt the euro no earlier than 2033, according to a new assessment by Equilor Investment, which acknowledges improving...

Bosch-Richter Survey Finds Hungarians Open to AI, Health Tech and Safer Mobility

A survey presented at BoschxRichter Innovators’ Day suggests Hungarians prioritize health and financial stability while welcoming technology that improves safety...