Economy

PRESS MONITOR

International news sources report on Hungarian business, economy and finance.


GKI Think Tank Says Export-Driven Industry can Revive Economy

Hungary's industrial and trade data are improving as the country's export market recovers.


Unemployment at 11.8pct

In the 1st quarter of 2010, the number of employed people aged 15–74 was 3,719,000; the number of unemployed persons was 498,000; and the unemployment rate was 11.8 pct.


Next Gov’t to Submit Plan on Tax System, Red Tape and Local Councils

Hungary's new government will prioritise changes to the tax system, reduction of state bureaucracy, and new cooperation with local councils, Viktor Orbán, head of Fidesz, said.


Monetary Council Reduces Base Rate to 5.25pct

The Monetary Council has reviewed the latest economic and financial developments, voting to reduce the Central Bank base rate by 25 basis points from 5.50pct to 5.25pct with effect from April 27, 2010.


BDO Unit Expects Hungarian Mergers and Acquisitions Market to Grow in 2010

The market of mergers and acquisitions in Hungary could expand at a rate of 10– 20pct in 2010 after a slump last year, the Hungarian unit of international consultancy BDO International said on April 19.


PRESS MONITOR

International news sources report on Hungarian business and finance.


GKI's Confidence Index of Consumers Approaches a Four-Year High

In April, GKI's economic sentiment index (adjusted for seasonal effects) continued its rise which started a year ago.


2009 Proves one of the Hardest Periods for Domestic Tourism

For the domestic tourism industry, and especially for Budapest, 2009 proved to be one of the hardest periods in a long time.


Volume of Retail Sales Decreases 4.9pct in the First Two Months of 2010

The volume of retail sales – based on calendar-adjusted data – fell by 4.9pct in the first two months of 2010, and by 4.3pct in February, compared to the same period of the previous year.


News Monitoring