Analysis

Hungarian Employers Planning Avg Wage Raise of 12%

Compared to the January plans, many more companies have finally increased the wages of their employees this year, and the...

Analysis

Chamber of Commerce Corner, November 17, 2023

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

Analysis

SMEs More Pessimistic

Small- and medium-sized enterprises have become more pessimistic, according to the results of GVI's October business cycle survey, writes business...

Analysis

The Future of Business Services Centers in Hungary

Hungary is one of the leading hubs for business service centers (BSCs) in Central and Eastern Europe. The sector has...

Analysis

Business Services Sector Continues to Flex its Muscles Across Hungary

One of the most crisis-proof segments of the economy, business service centers are thriving in this country, as evidenced by...

Analysis

Launching Hungary’s eVAT System

The tax law package brought before Parliament in the fall includes the amendments to the VAT Act, which will re-create...

Analysis

Technical Recession Ends, KSH Confirms

Hungary's GDP grew 0.9% quarter-on-quarter in Q3, adjusted for seasonal and calendar year effects, marking the end of a technical...

Analysis

Bosnia Retail Sales Growth Slows in October

Retail sales in Bosnia and Herzegovina rose 14.2% year-on-year in October, less than a 15% increase in the previous month,...

Analysis

Hungary PMI 52.2 in November

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) edged down to 52.2 points in November from 52.3 in October, staying over the...

Analysis

Slovakia Business Confidence Rises in November

The industrial confidence indicator in Slovakia increased by 4 points from a month earlier to -6 in November, marking the...

Analysis

OECD Forecasts GDP Contraction for Hungary in 2023, Rebound in 2024

The OECD forecasts Hungary's GDP will fall 0.6% this year and grow 2.4% in 2024 in its biannual Economic Outlook...

Analysis

Czech Consumer Morale Weakens in November

The consumer confidence indicator in the Czech Republic fell by 2 points to 90.7 in November from 92.7 in the...

Analysis

Inflation, Deficits and Coping With Compounding Debt

At the IMF Annual Research Conference on Nov. 9, Federal Reserve chair Jerome Powell stated: “The Federal Open Market Committee...

Analysis

Shoppers Promise Budget Discipline for Black Friday

Inflation has considerably loosened its grip in Europe, but its effects will probably be long-lasting. Customers are searching for discounted...

Analysis

Recession is Over, Slow Recovery Ahead

October has finally brought the much-awaited single-digit inflation figure, and the third-quarter GDP data was also good news. For all...

Analysis

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...

Analysis

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...

Analysis

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...

Analysis

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...

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

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...

Analysis

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...

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

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...

Analysis

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...

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...