Today is : Tuesday,22nd Aug 2017

Economy News

» Hungary gov't dips into 2010 budget reserves
The Hungarian government has already made commitments to spend some of next year's budget reserves, business daily Napi Gazdaság reported in its Friday issue.

» MNV targets revenue of HUF 89.2 billion in 2010, expenditures of HUF 82.4 billion
Hungary's National Asset Management Company (MNV) targets revenue of HUF 89.2 billion and expenditures of HUF 82.4 billion in 2010, MNV told MTI late Wednesday, after its business plan was approved at a meeting of the National Asset Management Counci ...

» Active mobile phone subscription number grows in November
The number of active mobile phone subscriptions in Hungary grew 66,000 in November to 10.712 million, but was down 59,000 from twelve months earlier, the National Communications Authority (NHH) reported.

» Ecostat sees economic contraction slowing to 4% in Q4
Ecostat expects the contraction of Hungary's economy to slow to 4% in Q4 compared to the same period a year earlier, the economic research institute said in its latest projection on Thursday.

» Hungary's construction output drops 2.4% yr/yr in October
Output of Hungary's construction sector fell 2.4% in October from the same month a year earlier according to both unadjusted and workday-adjusted figures, the Central Statistical Office (KSH) said. The drop picked up after slowing to 1.2% in Septembe ...

» US consumers fall behind in holiday shopping
The holiday shopping that consumers have completed so far this season is at a five-year low in the US, according to a new survey, raising the stakes for retailers in their last major push to capture sales this year.

» Fall in gross wages makes central bank rate cut more likely
A drop in twelve-month gross wages in October - for the first time since January - makes a 50bp rate cut by the National Bank of Hungary's Monetary Council in December all the more likely, analysts told MTI on Wednesday.

» Kopint-Tárki scraps growth forecast for 2010
Kopint-Tárki expects Hungary's economy to stagnate in 2010, the research institute said in fresh projections on Wednesday. The figure was lowered from 0%-1% growth in a projection in September.

» MFB says Hungary's GDP contraction likely to subside to 0.5%-1.5% in 2010
State-owned Hungarian Development Bank (MFB) believes that Hungary's GDP contraction will likely decrease to the 0.5%-1.5% range in 2010 from an expected 6.5%-7% in 2009, the MFB informed MTI on Tuesday evening.

» Hungary's gross wages drop 1.6% yr/yr in October
Gross wages in Hungary were down 1.6% in the twelve months to October after a 0.7% yr/yr rise in September. Net wages rose 1.4% in twelve months, the Central Statistical Office (KSH) reported.

» Few differences between preliminary, final EDP reports, says KSH
There are only a few minor differences between preliminary excessive deficit procedure EDP reports submitted to Brussels and the final reports published after their review by the European Union statistics office Eurostat, the Central Statistics Offic ...

» Hungarian financial system stable, capital position solid, says PSzÁF chief
Hungary's financial mediation system maintained its stability, its capital position was solid and growth of lending stock slowed or stopped; at the same time the number of loss-making financial institutions rose, according to a fresh report on the se ...

» Hungary export sales up 2.8% m/m in October, output figures confirmed
Hungary's industrial exports were up 2.8% in October from September, rising m/m for the sixth month in a row. Export sales were down an unadjusted 11.3% yr/yr. The calendar-adjusted drop was 8.9% yr/yr, slowing from 13.8% in September, the Central St ...

» Abu Dhabi throws Dubai a lifeline, terms uncertain
Abu Dhabi threw its flashy but debt-laden neighbor Dubai a $10 billion lifeline to head off a bond default, cheering Gulf and global markets on Monday but raising questions about the undisclosed terms.

» Hungary could come out of crisis more competitive than neighbors, says Oszkó
Hungary could come out of the crisis more economically competitive than its neighbors in the region, Finance Minister Péter Oszkó told MTI.