The Volume Of Retail Sales Decreases By 4.7pct in the First Five Months
The volume of retail sales – based on calendar-adjusted data – decreased by 4.7pct both in the first five months of 2010 and in May compared to the same period of the previous year.
GKI: Improving Business And Deteriorating Consumer Expectations
In July, GKI's economic sentiment index (adjusted for seasonal effects) remained unchanged.
Parliament Approves Bank Levy
Late on July 22, parliament approved a three-year bank levy which is to generate budget revenues of HUF 200 billion in 2010, including some HUF 13 billion in revenue from extraordinary bank taxes already in place.
PM Orban and Econ Min Matolcsy on Negotiations with IMF
Prime Minister Viktor Orban has stressed the improtance of a pan-European agreement to stengthen the fiscal stability of the 27 nations.
Jato: New Car Market Down 28.0pct In June
According to Jato Dynamics, Hungarian new car sales have fallen again in June (down 28pct on June 2009) dragging down the overall year-to-date figure.
In May, Industrial Gross Output Increased by 13.7 Pct
In May 2010, industrial gross output increased by 13.7 pct compared to May 2009, the index adjusted for working days was equal to the non-adjusted one.
PRESS MONITOR
International news sources report on the Hungarian economy and business environment.
Real Earnings Grew by 4.0 Pct
Real earnings grew by 4.0 pct compared to January–May 2009.
Economy Minister Sees Growth Potential in Tourism Sector
Hungary should double the share of its gross national income generated by tourism and raise the number of workplaces in the sector to 700,000 over the next ten years.
