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Hungary in Austria | Hungarians in Vienna | Bilateral Relations
Austria and Hungary - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Hungary: Highest Loss in Real Wages in Five Years
Gross salaries increased 4.6 % while net income only saw moderate rise at 2 % in 2012.
March 6, 2013
Hungary: GKI Forecasts Budget Deficit of HUF 200 bn
The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.
March 5, 2013
Hungary: Percentage of Foreign Direct Investments in Decline
Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.
March 4, 2013
Hungary: Foreign Trade Falls Substantially
External trade showed a surplus of nearly EUR 7 billion in 2012.
March 4, 2013
Does the Hungarian Telecommunication Sector Face Nationalizations?
According to rumors, Hungary´s government plans to nationalize the Hungarian subsidiary of the telecommunication operator Vodafone.
March 2, 2013
Hungary: Matolcsy Becomes New Central Bank Governor
Prime Minister Orbán nominated the former National Economy Minister as the new governor of the MNB (National Bank of Hungary). Experts are concerned about the stability of the Forinth.
March 1, 2013
Hungary: Rise in Investments in Manufactury Industry
Yet investments in the national economy in general dropped by 7.9 % compared to the last quarter of 2011.
March 1, 2013
Hungary: Significant Drop in Retail Sales
Sales are falling particularly in food, drinks, tobacco, petrol, books and computer equipment.
March 1, 2013
Hungary Enlarges Railway Network
State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.
February 28, 2013
Hungary: Investments Continue Decreasing
In 2012 the volume of investments in the national economy was 5.2% lower than in the previous year.
February 28, 2013
Hungary: Employment Moves Upwards
In November 2012–January 2013, the number of employed people was 3,855 thousand, 39 thousand more than a year ago.
February 27, 2013
Austrian Railways Achieved Net Profit Last Year
For the first time for decades, Austrian railways (ÖBB) could generate profits after taxes.
February 26, 2013
Hungary Cuts Interest Rate
Due to the economic crisis, Hungary´s National Bank (MNB) has lowered the interest rate from 5.50% to 5.25%.
February 26, 2013
Hungary: Unemployment Rate Unchanged
In November 2012–January 2013, the number of unemployed people was 486 thousand, the unemployment rate was 11.2%.
February 26, 2013
Austria: Agrana Looking for New Market Shares in CEE and CESEE
CEO explains why Croatia and Serbia might be interesting settings
February 25, 2013 · Updated: February 25, 2013; 18:53
Hungary: Further Decline in Volume of Sales in Retail Trade
The volume of retail sales decreased by 2.1% in December and by 1.9% in the whole year compared with the previous period.
February 25, 2013
Austria Become Second Most Important Trading Partner for Hungary
Last year, only the foreign trade volume between Hungary and Germany was higher. Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz says.
February 23, 2013
Hungary: Government Demonstrates Optimism
Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.
February 23, 2013
“No further tightening of corporate credit conditions”
The Hungarian National Bank has today published the results of its latest lending survey. The survey conducted in January 2013 found that credit conditions for non-financial corporations had not been tightened further.
February 22, 2013
Hungary: Sharp Decline in Dwelling Construction
In 2012, 10560 new dwellings were built, 17 percent fewer than in the previous year. The number of dwelling construction permits was 10600, a 15 percent decline compared to the data of 2011.
February 22, 2013
Poland: Rostowski Wants to Cut the Interest Rates
According to Poland´s Minister of Finance Jacek Rostowski, the real interest rates are still too high. Rostowski wants to boost economic growth.
February 21, 2013
Hungary: Nominal Earnings Grew By 4.6%
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.6%.
February 21, 2013
CESEE Region Still Has Enormous Growth Potential
“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.
February 20, 2013
CESEE: Stress of Competition is Growing
CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.
February 20, 2013
Hungary: Hope for Soon Economic Recovery Vanishes
In the last quarter of 2012, Hungary´s GDP was down by 2.7% compared to the reference period of 2011.
February 19, 2013
Hungary´s Construction Output Falls by 6%
Year-on-year, construction output decreased by 5.9% in 2012 and by 3.1% in December. Over the whole year, both the construction of buildings (7.6%) and civil engineering works (4.0%) decreased.
February 15, 2013
Economic Growth: Baltic Countries Ahead
Euro area GDP down by 0.6% and EU27 down by 0.5%. The CESEE countries show mixed results. Lithuania, Estonia and Latvia have performed best in 2012.
February 14, 2013
Hungary: Industrial Production Shrinks Considerably
In December 2012, industrial output was 7.6% lower than a year ago.
February 14, 2013
Hungary: Inflation Moves Up
In January consumer prices increased by 3.7% compared to January 2012.
February 14, 2013
Hungary: GDP Down by 2.7%
On the basis of the preliminary estimation of HCSO the gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.
February 14, 2013
CESEE: Banking Industry Slightly Optimistic
Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.
February 11, 2013
CESEE Office Market Shows Solid Fundamentals
CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.
February 11, 2013
Hungary´s Foreign Trade Balance Positive
In 2012, exports as well as imports were down substantially. The surplus of trade balance amounted to EUR 192 million in December.
February 8, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
Hungary´s Economy to Recover?
Hungarian Minister of Economics György Matolcsy says that the country may achieve the turnaround this year. Last year, several adverse factors occurred at the same time, Matolcsy explained.
February 7, 2013
Erdogan Met Orban in Budapest
Turkey´s Prime Minister Recep Tayyip Erdogan has met his Hungarian counterpart Viktor Orban in Budapest. Orban praised the success of Turkey´s government.
February 6, 2013
CESEE: Economic Outook Brightens Slightly
According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.
February 6, 2013
„Hungary Needs Sustainable Reforms“
The IMF underline that the country must restore the confidence of international investors. At the moment, Hungary´s government is not forced to continue the talks with IMF.
February 5, 2013
Hungarian Unemployment High, But Slight Downward Trend
Hungarian Ministry of Economics: “Unemployment up in the EU but trend continues down in Hungary.”
February 2, 2013
Hungary: “EU funds to be spent on economic development”
In the 2014-2020 fiscal period of the European Union, Hungary will allocate the 60 percent of EU resources to stimulating growth and the development of the economy,
February 2, 2013
Hungary to Stagnate in 2013
The economic outlook for Hungary remains rather bleak. The country will not leave the recession behind this year.
February 2, 2013
Orban: „Agreement with IMF Unlikely“
According to Hungary´s Prime Minister Viktor Orban, the IMF tries to put pressure on Hungary.
February 1, 2013
Budapest Stock Exchange: One of the Region's Most Liquid Markets
Despite the globally dwindling capital market activity, the Budapest Stock Exchange (BSE) still remained one of the region's most liquid markets in 2012.
February 1, 2013
Slight Upward Trend for CESEE Countries
The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.
February 1, 2013
Hungary: Foreign Trade Goes Down
In November, export and import volumes decreased by 4.3% and 4.6%, respectively, compared to the same month of the previous year.
February 1, 2013
Hungary: Lending Declines
Household and non-financial corporate sector interest rates: December 2012.
January 31, 2013
Hungary: Unemployment Stagnates
In the 4th Quarter 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.7%.
January 31, 2013
“Operations of Austrian Banks in CESEE Region Are a Success Story“
Regarding the Austrian banking sector, governor of OeNB (Austrian Central Bank) Ewald Nowotny demonstrates cautious optimism.
January 30, 2013
Hungarian National Bank Cuts Interest Rate Again
At its meeting on 29 January 2013, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 5.75% to 5.50%, with effect from 30 January 2013.
January 30, 2013
Hungary: More People in Work than in 2012
In the 4th Quarter 2012, the number of employed people was 3,909 thousand, 58 thousand more than a year ago. The employment rate of both men and women improved.
January 29, 2013
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