The inflation rate in European Union countries fell by half a percentage point to 3.1% in November, marking the lowest level in nearly two years, according to the latest Eurostat report. An analysis of data from the 27 member states revealed that the highest rate of price growth was recorded in November in the Czech Republic (8% year on year). In Hungary, prices increased by 7.7% year on year. In Slovakia, inflation dropped to 6.9%. Meanwhile, in Poland, the pace of price growth remained at the…

On November 29, 2023, a significant conference unfolded at the Warsaw headquarters of the Wacław Felczak Polish-Hungarian Cooperation Institute.

Hungary's central bank (Magyar Nemzeti Bank) cut its base rate by another 75 basis points on Tuesday.   Barnabás Virág. Photo by MTI/Lajos Soós (J)

According to the latest Eurostat data, the Visegrád Group countries remained among the countries with the lowest unemployment rates in the European Union in August. Poland recorded the third lowest unemployment rate (2.8%), after the Czech Republic (2.5%) and Malta (2.7%). The unemployment rate in Hungary was 4.0%. The highest number of unemployed individuals among the V4 countries was in Slovakia, where the unemployment rate was 5.8% in August.

Annual inflation in Hungary was 25.2% in March, down from 25.4% in the previous month, the Central Statistical Office (KSH) said on Wednesday.  Photo by Gergely Meszárcsek/Pixabay  (JAP)

The gross domestic product (GDP) of the Czech Republic will fall by 0.5 percent this year. According to the International Monetary Fund (IMF) GDP is expected to increase by 0.3 percent in Poland, by 0.5 percent in Hungary and by 1.3 percent in Slovakia. Photo by SHAWN THEW/PAP/EPA (JAP)

The consumer price index (CPI) increased 25.4 percent year-on-year in February after a 25.7 percent rise in January, driven mostly by household energy and food prices, the Central Statistical Office (KSH) said on Wednesday. Month on month, prices edged up by 0.8%. Fot. Csaba Nagy/Pixabay   

Some 62% of companies surveyed by recruiting site Profession.hu plan pay rises of 6-10% this year. Photo by Csaba Nagy / Pixabay  (JAP)

In the third episode of The Bold Truth About Hungary's second season, State Secretary Zoltán Kovács discussed the main elements of Hungary's "unorthodox" economic policy, widely known as the "Hungarian model," with Finance Minister Mihály Varga. Source: YouTube Cover photo by OLIVIER HOSLET/PAP/EPA

Hungary’s jobless rate was 3.9% in January, up from 3.8% in the previous month, the Central Statistical Office (KSH) said on Friday. Photo by Gerd Altmann z 

Hungary's state debt relative to GDP fell to 72.9% at the end of last year from 76.8%, Finance Minister Mihály Varga said in a post on Facebook on Monday.      Mihály Varga (L) in Brussels. Photo by OLIVIER HOSLET/ PAP/EPA

Foreign companies, with the support of the Polish Investment and Trade Agency, invested over EUR 3.7 billion in Poland in 2022, i.e. EUR 200 million more than a year ago