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Hungary
Featured Content
EU Newcomers: Monetary Policy
Hungary Monetary Policy: Headline Inflation Accelerates to 5.7% y/y in April
Macroeconomy
Hungary: Fiscal Policy
Hungary Fiscal Policy: Government Approves New Taxes to Help Unlock EU Funds
Hungary Politics: New Constitution Draws Criticism from the EU
Emerging Europe and CIS : Hungary : Emerging Markets : Europe : Macroeconomy : Fiscal Policy :
Eastern Europe: External Accounts
Capital Inflows to Emerging Europe Brace for a Slowdown
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia : Russia, CIS and the Caucasus : Southeast Europe : Europe : Macroeconomy : Capital Flows, FDIs, Capital Controls : Current Account : Trade and External Balance :
Eastern Europe: Public Finances
Czech Fiscal Policy: More Spending Cuts in the Pipeline
Poland: The Coalition Partners Reach Compromise on Pension Reform
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Macroeconomy : Fiscal Policy :
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Hungary: Economic Profile
Hungary Fiscal Policy: Government Approves New Taxes to Help Unlock EU Funds
Hungary: EU Opens the Way to Aid Talks
Emerging Europe and CIS : Hungary : Europe : Macroeconomy : Growth Outlook and Business Cycle :
IMF's Role in Central and Eastern Europe
Romania: New Government Wins IMF Backing for Wage Rises
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Serbia : Southeast Europe : Europe : Macroeconomy : Current Financial Crisis : IMF and International Economic Institutions : Systemic Risk, Vulnerabilities and Asset Bubbles :
Euro Adoption Path for EU Newcomers
EU Newcomers' Euro Adoption: Delays Expected Due to Eurozone Debt Crisis
On the Back of Euro Adoption, Estonia Re-elects Coalition Government
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Frontier Markets : Macroeconomy :
EU Newcomers: Monetary Policy
Hungary Monetary Policy: Headline Inflation Accelerates to 5.7% y/y in April
Romanian Monetary Policy: April CPI Slumps to a Record-Low of 1.8% y/y
Emerging Europe and CIS : Hungary : Poland : Romania : Southeast Europe : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
Finance & Banking
Geostrategy
Central and Eastern European Demographics
Central and Eastern European Demographics: Impact Of Greying And Emigration
Baltics : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Southeast Europe : Europe : Geostrategy : Macroeconomy : Demographics : Labor Markets and Productivity :
Political Risk in Eastern Europe
Czech Politics: Government Survives Confidence Vote
Romania: New Government Wins IMF Backing for Wage Rises
Baltics : Commonwealth of Independent States : Czech Republic : Emerging Europe and CIS : Eurozone : Hungary : Poland : Romania : Russia, CIS and the Caucasus : Southeast Europe : Emerging Markets : Europe : Frontier Markets : Geostrategy : Foreign and Domestic Political Risk :
Key Indicators
Discount Rate (End Of Period)
Percent Per Annum - Hungary
Percent Per Annum - Hungary
5.25, 5.25, 5.25, 5.25, 5.27
5.27
Cpi % Change
Hungary
Hungary
5.3, 4, 3.7, 3.98, 4.2
4.2
Gdp Vol. (2005=100)
Index Number - Hungary
Index Number - Hungary
101.37, 105.09, 90.91, 99.51, 102.36
102.36
BOP
Current account balance, net, EUR - Hungary
Current account balance, net, EUR - Hungary
342.48, 445.65, 344.21, 476.7, 365.88
365.88
International Trade
By Region, Exports, Total, Million Eur - Hungary
By Region, Exports, Total, Million Eur - Hungary
5636, 5721, 6311, 5860, 5705
5,705
Harmonized unemployment rate
Both sexes, All Ages, SA - Hungary
Both sexes, All Ages, SA - Hungary
11.27, 11.17, 11.07, 10.93, 12.1
12.1
data by Factset
Hungary Outlook: A Milder Recession
The stronger outlook for the core eurozone (EZ) economies and tentative signs of improvement in Hungary’s PMI and confidence indicators signal a softer recession than we had anticipated. Political hiccups will push the introduction of the new EU/IMF loan program to the end of Q2 2012, with a risk of more delays if favorable external market dynamics continue. Calmer financial markets and the central bank’s liquidity measures have prompted a revision of our monetary policy call: We now expect the 7.0% policy rate to stay on hold until Q4.
Economic Research
Central Bank Watch
Central Bank Watch Focus: The Evolution of Emerging Market Monetary Policy
By Feb 9, 2012
Europe Weekly
Greek PSI and the ECB; EZ Yield Curves; EZ PMIs; UK Double Dip; Hungarian Monetary Policy; EZ Calendar
By Jan 27, 2012
Europe Weekly
Reassessing the EFSF; Hungarian Politics; Turkish Fiscal Policy; EZ Calendar
By Jan 20, 2012
Europe Weekly
German Slump; French, Finnish Elections; Eastern Europe Monetary Policy; EZ Calendar
By Jan 13, 2012
Europe Weekly
ECB Meeting Preview; Spain’s Crucial Fiscal Consolidation; Hungary Risks; Turkish Monetary Policy; EZ Calendar
By Jan 6, 2012
Europe Weekly
EZ Pitfalls in 2012; Italian GDP; New Spanish Government; Swedish Monetary Policy; Hungarian, Polish Banks; EZ Calendar
By Dec 23, 2011
Europe Weekly
German, Global Central Bank, ECB Moves to Solve EZ Crisis; EZ Yield Curves; Hungarian Monetary Policy; Scandinavian Growth; EZ Calendar
By Dec 2, 2011
Europe Weekly
EZ Crisis Response; Eastern Europe Banks; ECB Monetary Policy; Hungary and the IMF; Belgian Politics; EZ Calendar
By Nov 25, 2011
Europe Weekly
UK’s MPC Meeting; Norway’s Monetary Policy; Portugal’s Budget Plan; Hungary’s Credit Rating; Russia’s Retail Sales; EZ Calendar
By Oct 21, 2011
Europe Weekly
UK QE2; Hungarian Financial Stability Concerns; Swedish Policy Bullets; Swiss Currency Strength; Irish Growth Outlook
By Sep 23, 2011
Global Economic Outlook
Emerging Europe and CIS Outlook Update: Weaker Growth Across the Region
By Sep 16, 2011
Economic Research
Strengths and Vulnerabilities in Emerging Europe: A Balance Sheet Approach
By Aug 19, 2011
Europe Weekly
Inflation Concerns Easing in EZ, Switzerland, UK, Hungary and Czech Republic
By Aug 12, 2011
Europe Weekly
ECB Collateral Holdings; German Dynamics; UK Corporates; Turkish Monetary Policy; Polish Consumption; Hungarian Mortgage Relief
By May 27, 2011
Economic Research
Eastern Europe: Are Higher Commodity Prices a Monetary Policy Game-Changer?
By Mar 21, 2011
Global Economic Outlook
Central Europe Outlook: Externally Driven Growth and Inflation
By Mar 18, 2011
Europe Weekly
Eastern Europe Monetary Policy; Icelandic Policy Rate; Irish Fiscal Challenges
By Mar 18, 2011
Economic Research
Central Europe: December PMIs Point to Strong Growth, Mounting Price Pressures
By Jan 7, 2011
Economic Research
Hungary: Government Ramps Up Offensive Against Central Bank; Whither Rates?
By Dec 17, 2010
Europe Weekly
EZ Current Accounts; Sweden's Hung Parliament Risk; Basel III Impact on German Banks
By Sep 17, 2010
Economic Research
Q3 2010 Geostrategy Note: Nascent Nukes, Portly PIIGS and the Taliban
By Aug 4, 2010
Economic Research
Europe Weekly Spotlight: Germany Peaks; Slovakia Relents; UK House Price Indexes Diverge
By Jul 16, 2010
Economic Research
How to Prevent a Financial Crisis in Hungary That Would Lead to Serious Financial Contagion in Emerging Europe
By Oct 21, 2008
Economic Research
Global Recession Watch: A Dozen Significant Economies are at Risk of a Hard Landing
By Jun 25, 2008
Economic Research
NATO; U.S. Employment; Peru Investment Grade; Hungary Political Turmoil
By Apr 3, 2008
EconoMonitors
Don't Shoot the Messenger
As Hungary's "Correction" Heads For A Dead End, Time For A Change Of Course?
Sep 21, 2009
Daily Digest
News
Hungary forint goes north of 302 vs. EUR, this is the price of not having an IMF deal
portfolio.hu (free registration required) May 23, 2012
News
PwC: Hungary new car market may revive only after 2014
portfolio.hu (free registration required) May 23, 2012
News
Hungary to have the entire 2013 budget bill ready in a few weeks
portfolio.hu (free registration required) May 23, 2012
News
RBS not enthralled by Hungarian policies, questions commitment to IMF deal
portfolio.hu (free registration required) May 23, 2012
News
Hungary aid negotiator designate Varga wants achievable conditions in IMF/EU credit deal
Portfolio.hu (free registration) May 22, 2012
News
OECD lowers growth, budget deficit forecasts for Hungary
Portfolio.hu (free registration) May 22, 2012
Analysis
CEE Fixed Income Daily: Chart of the day- CEE CDS spread widening has abated; Polish Industrial Output grows almost in line with consensus
Erste Bank (free registration required) May 22, 2012
News
Hungary to Buy 8,000 Properties From Borrowers in ’12, MTI Says
Bloomberg BusinessWeek May 21, 2012
News
Hungarian Forint Rebounds From Longest Losing Streak in a Year
Bloomberg BusinessWeek May 21, 2012
News
Hungary plans no Eurobond issue before IMF/EU credit deal - ÁKK Dep.CEO
Portfolio.hu (free registration) May 21, 2012
News
Government measures exhaust Hungarian unit of KBC, K&H Bank Q1 profit plummets
Portfolio.hu (free registration) May 21, 2012
News
Hungary to buy 8,000 properties from non-paying FX mortgage borrowers in 2012
Portfolio.hu (free registration) May 21, 2012
News
EBRD revises GDP estimate for Hungary upward, sees mild recession in 2012
Portfolio.hu (free registration) May 21, 2012
News
Hungary seeks to avoid IMF deal or at least loosen conditions - Citi
Portfolio.hu (free registration) May 21, 2012
Analysis
CENTRAL EUROPEAN DAILY: CEE currencies calm down for a while; Polish macro-figures should confirm flat-rate scenario
KBC Research May 21, 2012
News
Hungary First Release: Average gross earnings amounted to HUF 219,200 in January–March 2012
Hungarian Central Statistics Office May 18, 2012
News
Hungary PM wants to suspend party subsidising from state budget in 2013-14
Portfolio.hu (free registration) May 18, 2012
News
Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai
Portfolio.hu (free registration) May 18, 2012
News
Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients
Portfolio.hu (free registration) May 18, 2012
Analysis
Regional Economic Prospects in EBRD Countries of Operations: May 2012– Transition Economies in the Shadow of the Eurozone Crisis: Managing the Fallout
EBRD May 18, 2012
Analysis
CEE Insights: How will the GDP trajectory look like in the reminder of this year?
Erste Bank (free registration required) May 18, 2012
News
Preliminary financial accounts for general government and households: 2012 Q1
MAGYAR NEMZETI BANK (Hungarian Central Bank) May 17, 2012
News
Hungary lifts bond auction over strong bidding, yields rise
Portfolio.hu (free registration) May 17, 2012
News
Hungary Fidesz popularity lead over Socialists dips to 9 percentage points
Portfolio.hu (free registration) May 17, 2012
News
BofA/ML convinced by Hungary's commitment to fiscal consolidation
Portfolio.hu (free registration) May 17, 2012
News
IMF ready to start talks with Hungary once c.bank issues are resolved - Ivaschenko
Portfolio.hu (free registration) May 17, 2012
News
Hungary EcoMin publishes macro assumptions for 2013 budget
Portfolio.hu (free registration) May 17, 2012
News
Hungary - Budget and general government debt data according to the European Commission forecast
Hungarian Ministry for National Economy May 17, 2012
News
Hungary future IMF negotiator says fiscal policy and economic development may be separated
Portfolio.hu May 17, 2012
Blogs
Depositing Cash Savings Could Ease Hungary’s Lending Crunch, Central Bank Economist Says
The Wall Street Journal May 17, 2012
Analysis
Hungary: Greek political crisis had a hit ont he BUX; 1Q12 GDP of Hungary is in the red
Erste Group Research May 17, 2012
News
This is what the IMF does not want to see in Hungary's c.bank law - paper
Portfolio.hu (free registration) May 16, 2012
News
Hungary can realistically ink IMF aid deal in the early autumn - Varga
Portfolio.hu (free registration) May 16, 2012
News
Hungary has sufficient funds to lean on should Greek situation worsen - official
Portfolio.hu (free registration) May 16, 2012
Analysis
Central European Daily: As contagion intensifies sell-off in Central Europe too; CNB is heading for rate cut already in June
KBC Bank May 16, 2012
Analysis
Emerging Markets Briefer: May 2012 – Greek and Chinese worries hit Emerging Markets hard
Danske Markets Research May 16, 2012
Analysis
CEE Fixed Income Daily: Czech GDP fell much more than expected in 1Q12; Hungary's GDP figures grim, but only a slight negative surprise to us; CEE fixed income
Erste Bank (free registration required) May 16, 2012
News
Hungary First Release – The volume of industrial production decreased in March 2012
Hungarian Central Statistical Office May 15, 2012
News
Hungary, First Release: First quarter 2012 GDP down by 0.7%
Hungarian Central Statistical Office May 15, 2012
News
Hungary’s debt-to-GDP ratio may fall below 60 per cent in 15 years assuming unchanged fiscal policy
Magyar Nemzeti Bank (Central Bank of Hungary) May 15, 2012
News
Hungary needs further steps to meet debt target - c.bank chief
Portfolio.hu (free registration) May 15, 2012
News
Hungary MOL Q1 performance greatly beats expectations (2)
Portfolio.hu (free registration) May 15, 2012
News
INSTANT VIEW - Hungarian economy contracts both in annual and quarterly terms in Q1 (3)
Portfolio.hu (free registration) May 15, 2012
Blogs
Hungary’s Central Bank to Expand Range of Currencies It Invests In
Wall Street Journal May 15, 2012
Analysis
Central European Daily: CEE currencies still under pressure on Greece; Czech and Hungarian GDP slip in negative territory
KBC Bank May 15, 2012
Analysis
Hungary Short Note: GDP declined by 0.7% y/y in 1Q2012
Erste Bank (free registration required) May 15, 2012
News
Jobbik stages “Hungarian march of the living” to protest “treacherous austerity”
MTI – Econews May 14, 2012
Analysis
Hungary: Information on the data released in the publication on the composition of loans extended to the household sector Q1 2012
The National Bank of Hungary May 14, 2012
News
Hungarian mobile carriers urge gov't to withdraw harmful telecom tax
portfolio.hu (free registration required) May 14, 2012
News
Hungary MOL to cut fuels prices this week again
portfolio.hu (free registration required) May 14, 2012
News
NBH Deputy Governor: Hungary c.bank needs to be "extremely cautious" due to "bumpy" IMF talks
portfolio.hu (free registration required) May 14, 2012
News
Hungary EcoMin submits bills on new taxes to Parliament
portfolio.hu (free registration required) May 14, 2012
Analysis
Central European Daily: Contagion from EMU brings regional sell-off; Czech leading indicator at crossroads
KBC Bank May 14, 2012
Analysis
CEE Fixed Income Daily: Hungary - Budget Deficit Forecast; Romania - Industrial Production
Erste Group Research May 14, 2012
Analysis
CEE Weekly - Poland: Risks to the optimistic GDP outlook increase; Hungary: New permanent tax measures; Czech Republic: Economy returns to slow growth in Q1; Romania: New government approved, budget deficit target revised
Raiffeisen Research May 11, 2012
Analysis
New Europe Economics & Strategy: Financial markets in the region trim part of their recent gains
EFG Eurobank May 11, 2012
News
Hungary inflation accelerates to 5.7% yr/yr in April
portfolio.hu (free registration required) May 11, 2012
News
EC: Hungarian economic growth to be among the slowest in CEE next year
portfolio.hu (free registration required) May 11, 2012
News
Commission expects Hungary’s budget deficit below 3% of GDP in 2012/13
portfolio.hu (free registration required) May 11, 2012
News
RBS: Replacement of Hungary's aid negotiator Fellegi is positive
portfolio.hu (free registration required) May 11, 2012
News
Goldman Sachs: Hungary forint to remain under pressure, ease to 325 vs. EUR in 12 months
portfolio.hu (free registration required) May 11, 2012
News
Hungary inflation rises more than expected in April
portfolio.hu (free registration required) May 11, 2012
News
Hungary reshuffles cabinet, chief aid negotiator Fellegi is "done"
portfolio.hu (free registration required) May 11, 2012
Blogs
EU Sees Slowing Economy, Narrowing Budget Gaps Among New Members
WSJ Emerging Europe May 11, 2012
Analysis
A message from the Czech National Bank: governor voted for a rate cut. April’s inflation above expectations in Hungary
KBC Bank May 11, 2012
Analysis
CEE Insights: How realistic is the fiscal target outlined in the convergence/stability program?
Erste Group Research May 11, 2012
Analysis
CEE Fixed Income Daily: Romania - Bond auction went well, Czech Republic - First industrial production y/y contraction since Nov. 2009
Erste Group Research May 11, 2012
Analysis
Hungary: On inflation and on the Excessive deficit procedure
Raiffeisen Research May 11, 2012
RESEARCH AND STRATEGY FIXTURES
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Top 10 Most Read
Featured Economic Research and Market Strategy
Featured Analysis
European Central Bank: Action Likely in June
“Despite the resurgence of the sovereign debt crisis, we do not foresee another multiyear long-term refinancing operation (LTRO) in our base case.”
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