Economy

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.


Think tank Tank Says GDP Will Grow by 1 pctPct

According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the output of exporting and service industries will expand most in 2010.


PRESS MONITOR

International news sources report on Hungarian banking, business and government.


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.


Hungary New Passenger Car Sales Rise 25 pct m/m, Fall 28 pct yr/yr In in June

The number of new passenger cars sold in Hungary rose 25.2 pct to 4,254 in June from May, but sales fell 27.9 pct year-on-year, Datahouse told on July 2.


Szentkiralyi Szentkirályi Inaugurates HUF 500 Million Warehouse At at Bottling Plant

Hungarian-owned mineral water bottler Szentkiralyi Szentkirályi ÁAsváanyviíz on July 1 inaugurated a HUF 500 million logistics centrecenter at its base in SzentkiralySzentkirály, south of Budapest.


Households Were Net Repayers Of of Debt In May

In May 2010, forint borrowing by households exceeded repayments, i.e. the sector was a net borrower, while repayments in foreign currency exceeded borrowing, i.e. the sector was a net repayer.


News Monitoring