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HATC SAMPLE EDITION:
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19th June, 2025
Hungary at bottom in EU household consumption
Hungary’s actual individual consumption (AIC) stood at 72% of the EU average in 2024, making Hungary the poorest member state in the EU, Eurostat reported on Wednesday.
AIC was 70% of the EU average in both Hungary and Bulgaria in 2023, but Bulgaria improved to 74% last year.
Hungary’s consumption has risen relative to the EU average in every year since 2010, but formerly poorer member states in Eastern Europe have overtaken it one by one.
On a broader metric, Hungary’s GDP per capita in purchasing power standards now stands at 77% of the EU average, placing it ahead of five member states.
Slovenia and the Czech Republic (both at 91%) and Lithuania (88%) remain well ahead. Poland, Estonia (both at 79%), and Romania (78%) have surpassed Hungary, while Croatia has effectively drawn level at 77%.
Slovakia (75%), Latvia (71%), and Bulgaria (66%) remain behind Hungary. (hvg.hu; portfolio.hu; index.hu)
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19th June, 2025
Corporate lending collapses in Q1
Banks’ corporate loan portfolios decreased by Ft 393 billion in the first quarter, by far the worst nominal figure in the past ten years, Portfolio calculates.
The annual rolling net transaction volume, based on the balance of loan disbursements and repayments, was last so weak at the beginning of 2017, meaning that companies barely took out more loans than they repaid on an annual basis.
Retail lending flourished, with growth above 10%, but loan portfolios grew by only 2% in the 12 months to the end of March.
Due to the interest-rate differential, the proportion of foreign-currency loans increased from 38% to 49% in three years, and the proportion of loans with maturity of more than one year, mainly for investment purposes, shrank from 79% to 74%. (portfolio.hu; hvg.hu; index.hu)
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19th June, 2025
Subsidies open for district heaters
District heating providers can now submit applications under the Jedlik Anyos Energy Programme, Hungary’s most ambitious district heating development initiative in 35 years, Energy Ministry state secretary Gabor Czepek announced via the ministry’s official Facebook page on Wednesday.
Launched earlier this year, the Jedlik Anyos scheme comprises ten separate calls for proposals aimed at spurring Ft 440 billion in private-sector investment.
In the first phase, applicants may seek between Ft 20 million and Ft 1.5 billion in support.
Beginning July 21, district heating producers will be eligible to apply for further rounds of funding, with Ft 51 billion earmarked specifically for the renewable-based modernisation of heating systems. (portfolio.hu)
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