Economy

PRESS MONITOR

International media reports on Hungarian business and economics.


Real Earnings Grew by 4.0pct in January–February

Real earnings grew by 4.0pct on January–February 2009, paralleled by a 6.1pct increase in the consumer price index.


The Volume of Construction Activity Decreased by 10.1pct in February

In February 2010, the volume of construction activity decreased by 10.1pct according to both unadjusted indices and to those adjusted for working days, compared to February 2009.


Industrial Gross Output Increases by 8.4pct

In February 2010, industrial gross output increased by 8.4pct compared to February 2009; the index adjusted for working days was equal to the non-adjusted.


Consumer Prices Increased by 5.9pct in March

In the first three months of 2010, the average increase of prices was 6.0pct compared to the corresponding period of 2009.


Economic Researchers Forecast Moderate GDP Growth for 2010

Economic research institutes forecast GDP growth of between 0pct and 0.8pct for 2010, and between 3pct and 3.1pct for next year. Inflation is predicted to be between 4.2 and 4.4pct this year, and 2.6–3.2pc in 2011.    


The EC Says Hungarian Balance ”Broadly Stable” But Calls for Further Reforms

In an assessment of Hungary's updated convergence program, the European Commission said Hungary's budget balance was "broadly stable" in 2009.


PRESS MONITOR

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


Mixed Forecast from GKI Think Tank, the GDP Will Stagnate This Year

GKI head András Vértes said Hungary's fiscal position is excellent compared to its peers in Europe.


Monetary Council Voted to Reduce the Central Bank Base Rate by 25 Basis Points

At its meeting on 29 March 2010, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate.


News Monitoring