Analysis

Wizz Air Losses Narrow

Hungarian low-fare carrier Wizz Air booked a EUR 535.1 million loss for its business year ended March 31, an earnings...

Analysis

Investment Fund Managers Press for Changes to New Rules

The Association of Hungarian Investment Fund and Asset Management Companies (Bamosz) is urging the government to change new rules affecting...

Analysis

Czech Industrial Growth Slows in April

Czech industrial production growth slowed to 1.2% year-on-year in April from an upwardly revised 2.9% in the previous month, data...

Analysis

OECD Forecasts Flat GDP for Hungary in 2023

The OECD forecasts Hungary's GDP will stagnate this year in its biannual Economic Outlook published on Wednesday, according to a...

Analysis

Rising Business Services Value to Boost Hungarian Economy

In recent years, business services centers have been moving into the Central European region, one after the other. These entities...

Analysis

Matolcsy Advocates Euro Adoption Only After 2030

Hungary should not consider adopting the euro before 2030 as joining the single currency before its economy is duly prepared...

Analysis

Chamber of Commerce Corner, May 19, 2023

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

Analysis

Slovakia Consumer and Business Confidence Worsens

Consumer confidence in Slovakia declined by 3 points to -24.2 in May, from -21.2 in the previous month, a study...

Analysis

May PMI Falls to 57.1

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 57.1 points in May from 61.9 in April, the Hungarian Association of...

Analysis

Nearly 50% of Hungarians Unsatisfied With Financial Situation

Nearly half of Hungarians (46%) are not satisfied with their financial situation, and almost 60% say that their finances have...

Analysis

Investment Company Earnings Climb 79% in Q1

First-quarter after-tax profit of investment companies overseen by the National Bank of Hungary (MNB) rose 79% year-on-year to HUF 16.6...

Analysis

Hungarians Need More Self-care, Allianz Survey Reveals

Hungarians are among the least prepared for retirement and healthcare costs in the region, according to a recent survey by...

Analysis

U.S. Government Default not the Scariest Thing in the ‘Jungle’

Finance Matters columnist Les Nemethy looks at the threat of the United States defaulting on its debt and the more...

Analysis

Hungary’s CyberShield Program Expands to Better Withstand Digital Crime

As digital fraud cases surge across Hungary, the nation’s CyberShield program, designed to curb online scams, has been given a...

Analysis

Recession Continues, Outlook Remains Uncertain

Hungary, for the third time in a row, reported a drop in GDP in the first quarter of 2023, meaning...

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...