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Hungary
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
„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
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
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
IMF Criticizes Hungarian Government
According to IMF, the economic outlook for Hungary is rather gloomy.
January 28, 2013
Nabucco Pipeline Is Taking Shape Slowly
The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
“Germany overestimated, USA and China underestimated”
Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.
January 26, 2013
Hungary: Real Wages Declining Persistently
In the first eleven months of 2012, real wages of Hungarian workers was down by 3.5%.
January 26, 2013
Hungary: Retail Trade Shrinks Significantly
The volume of sales in retail trade decreased by 4.1% in November.
January 25, 2013
Treichl: „BCR Will be Positive this Year“
Erste Group´s CEO Andreas Treichl thinks that the Romanian subsidiary Banca Commerciala Romania will not record losses in 2013.
January 24, 2013 · Updated: January 24, 2013; 21:58
Erste Group´s CEO Wants to Create CESEE Stock Exchange
Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).
January 23, 2013
Rostowski Calls for Further Interest Cuts
Polish minister of finance Jacek Rostowski wants NBP (Polish National Bank) to lower the base rate further.
January 21, 2013
Hungary: Production of Main crops Decreases Sharply in 2012
In 2012, 25% less cereals were produced on a 2% larger area than in the previous year.
January 21, 2013
Hungary: Gross Earnings Grow Moderately.
Last year, gross earnings were up by 4.6%. As Hungary´s inflation rate comes at 5.7%, real earnings are still shrinking.
January 18, 2013
Hungary Wants Tax Treaty with Switzerland, Germany and Austria
Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.
January 17, 2013
Hungary: Construction Output Decreases
In November 2012, construction output was down by 11.7% on the high base a year ago.
January 17, 2013
Hungary: Poverty Grows Dramatically
More than 33% of Hungary´s citizens are at risk of poverty. Among the EU countries, Hungary ranks fifth.
January 16, 2013
EU: Romania and Hungary Have Highest Inflation Rates
Euro area annual inflation stable at 2.2%, Eurostat says.
January 16, 2013
Hungary: Sharp Decrease in Industrial Production
In November 2012, industrial gross output declined by 6.9% in volume compared to the same month of 2011.
January 16, 2013
Erste Group: Austerity Cuts Also in Austria
After sharp austerity measures in Romania and Hungary, the banking group wants to reduce personnel costs in Austria.
January 15, 2013
Hungary Has Highest Inflation Among EU Members
In December consumer prices increased by 5.0% compared to December 2011. I
January 15, 2013
CESEE: Chakrabarti Expects Stabilization
In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.
January 14, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
Hungary Suffers from Capital Outflow
Hungary´s banking industry faces a substantial loss of confidence. More and more Hungarians shift their deposits to foreign banks.
January 9, 2013
Foreign Trade With Hungary Shrinks
External trade in goods showed a surplus of € 704 million in November. Exports and imports fell by 1.7% in 2012.
January 9, 2013
Hungary: Negative Development in Industrial Sector
In November 2012 – according to preliminary data – industrial gross output declined by 6.9% compared to the same month of 2011.
January 8, 2013
Hungarian Opposition Optimistic to Come to Power in 2014
Hungary´s opposition leader Attila Mesterhazy seems to be convinced that Prime Minister Orban will be replaced in 2014.
January 8, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
Hungary: No Mandatory Voter Registration
The Hungarian Constitutional Court rejected the law proposed by the government.
January 5, 2013
CESEE: Construction Industry Shrinks Further
The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.
January 5, 2013
Hungary: Unemployment Rate Unchanged
In September–November 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.6%.
January 4, 2013
Hungary: 55,000 More People in Work
In September–November 2012, the number of employed people was 3,925 thousand, 55 thousand more than a year ago. The employment rate of both men and women improved.
January 4, 2013
Hungary: Dissatisfaction Grows
More than the half of the Hungarians is dissatisfied with the country´s government.
January 3, 2013
Hungary: Public Deficit Declines
The deficit of the general government sector fell by 3.1 percentage points in the 3rd quarter of 2012.
January 3, 2013
Austrian Purchasing Power Abroad Shrinks
For Austrians, Hungary and Croatia still leading the list of top destinations. The Holiday euro is worth slightly more in many Eurozone countries than in Austria.
December 28, 2012
Hungarian Government „Do Not Need Help from IMF“
Hungary´s Minister of Economics György Matolcsy argues that his country has never needed a loan from the IMF.
December 22, 2012
Hungary: Foreign Trade Grows Sligthly
Export and import volumes grew by more than 5% in October. In the first ten months, exports were up by 2.4%.
December 21, 2012
Bank Taxes: RZB Records Costs of € 168m
For Austrian RZB (Raiffeisen Zentralbank), bank taxes in Austria, Hungary and Slovakia come at € 168m. RZB will not leave Hungary, CEO Rothensteiner says.
December 20, 2012
Bank Austria: Poland and Turkey are Most Attractive
According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.
December 19, 2012
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