Analysis and Statistics

The Trade Balance Showed a Surplus of HUF 485 Billion in January-–April

Over the course of January–April 2010, the volume of exports and imports increased by 16 and 14 pct, respectively.

GDP is Expected to Grow by 1.5 pct, Says Kopint-Tarki

Kopint-Tarki, a leading thinktank in Hungary has revised its previous forecast about the central budget deficit and GDP.

Volume of Retail Sales Decreased 4.7pct in First Four Months

The lasting decrease in the consumption expenditures of households is well reflected by how the volume of retail trade changes, too.

Wizz Air Continues to Expand in Budapest – Over 20pct Growth in 2010

Wizz Air, the largest low-fare, low-cost airline in Central and Eastern Europe announced that it would launch new routes and increase frequencies of a number of existing services.

Real Earnings Grow 4.7 pct on January–April 2009

Average gross and net earnings in corporations employing at least five persons and in budgetary institutions increased 4.5pct and 10.9pct respectively on the same period of last year.

In April 2010, the Producer Price Level of Agricultural Products Decreased by 5.7pct

In April 2010 the producer price level of agricultural products decreased by 5.7pct compared to the corresponding period of the previous year.

GKI: Improvements, but at the cost of Drops in Consumption, Investments and GDP

In the past 1.5 years, a huge improvement has taken place in Hungary's external and internal deficits.

OECD Predicts 2010 GDP Growth of 1.2 pct, Government Deficit of 4.5 pct

The OECD said that the initial success in reducing public expenditure growth has increased investor confidence in Hungary, contributing to a relatively stable forint and reduced spreads on government and corporate bonds.

Hungary Trade Surplus Expands to EUR 653.3 Million in March

Hungary had a EUR 653.3m trade surplus in March 2010.

Monetary Council Leaves Central Bank Base Rate Unchanged

At its meeting on May 31, 2010, the Monetary Council of the Central Bank left the central bank base rate unchanged at 5.25 pct, as expected.

News Monitoring