International news sources report on Hungarian economics and banking issues.

Real Earnings Grew by 3.2pct

Real earnings grew by 3.2pct compared to January–July 2009, (combined with a 5.4pct increase in the consumer price index) due to changes in measures concerning personal income tax.

Hungarian Government to Bring 2011 Deficit below 3pct – Eying Euro Adoption by 2015

Hungary will probably meet the Maastricht criteria and enter the euro-zone by 2015, said Mihaly Varga, the prime minister’s chief in a TV interview on Monday.

Outsourcing of Labor Rises Sharply in January–August

The Hungarian unit of HR solution provider Adecco announced on September 10 that it had outsourced 5,000 employees in the first eight months of 2010.

Consumer Prices Decreased 0.6pct in August

In August 2010, consumer prices decreased 0.6pct on the previous month. They rose 3.7pct on August 2009.

GDP Increases 1pct in Q2

Hungary’s GDP increased by 1pct in the second quarter of 2010 (and by 0.8pct when adjusted for calendar effects) compared to the corresponding period of last year.

Trade Balance Surplus Reaches EUR 241 Million in July

In July, the trade balance showed a surplus of EUR 241 million, meaning a deterioration of EUR 87 million on the corresponding month of 2009.

Deliotte Research: 63 Hungarian Companies among the Top 500 of the CEE Region

International consultancy firm Deloitte listed 63 Hungarian companies among the 500 largest in the CEE region.

Hungary Advances Six Places on WEF’s Global Competitiveness Index

Hungary ranks six places higher on this year’s World Economic Forum Global Competitiveness Index, currently occupying 52nd place.

Hungary's GDP will be around 1pct – GKI

According to GKI Economic Research Co. and Erste Bank, the rate of growth will be around 1pct due to the rapid expansion of exports and the improvement of domestic demand.

News Monitoring