Hungary's GDP growth could reach 7-7.5% this year – said Hungarian Finance Minister Mihály Varga, addressing an annual meeting of economists in Budapest on Friday. On Friday Moody's Investors Service also upgraded Hungary's sovereign rating to Baa2 from Baa3, with a stable outlook.

Hungarian rate-setters raised the central bank's base rate by 15 basis points to 1.65 percent. 

Péter Szijjártó, the minister of foreign affairs and trade, announced on Friday that the automotive industry in Hungary had increased its production by 31 percent in the first half of 2021, and by the end of the year, for the first time ever, its total value could exceed 10,000 billion forints. Photo by Audi Hungária

In total, 14.9 million guest nights were registered at accommodation establishments in Hungary this summer, which is 25 percent more than in 2020, and the number of domestic guest nights reached 11.9 million. – This is an outstanding achievement – said Zoltán Guller the CEO of the Hungarian Tourism Agency (MTÜ).

– To ensure Hungary’s long-term stable, predictable energy supply, a decision has been taken to reach a new long-term gas supply agreement with Russia – Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday.

Hungary’s jobless rate was 3.9 percent in July, down from 4 percent in the previous month, the Central Statistical Office (KSH) announced on Friday. Fot. Brooke Cagle on 

32% of Hungarian employees work occasionally and 9% regularly during their holidays – jobs portal profession.hu announced on Tuesday. Fot. Lauren Mancke on Unsplash   (JAP)

Hungarian inflation was an annual 4.6 percent in July, after 5.3 percent in June – the Central Statistical Office (KSH) announced on Tuesday.

Hungary's current high level of inflation is temporary and the central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate – Mihály Varga told atv.  

Hungary should stick to its currency for now, as having a national currency gives more leeway in creating a successful economic policy – Central Bank Governor György Matolcsy writes in Magyar Nemzet Daily

The Finance Minister Mihály Varga said Hungary’s GDP growth could exceed 6 percent this year “even if not a single cent is received” from the European Union until the end of the year Fot.