Finance

The number of E.ON customers managing their accounts online is constantly growing, and even more people are interested thanks to customer contests.

At its meeting on February 22, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 6.00 pct to 5.75 pct, with effect from  February 23, 2010.

Continuing the decline of previous years, output of construction decreased by 4.3 pct in 2009.

According to preliminary financial accounts data, general government net borrowing was equal to 4.4 pct of Hungary’s GDP in 2009.

The National Bank of Hungary showed that foreign investors were the net sellers in every segment of the Hungarian securities markets in Q4 2009, except for HUF 13 billion net secondary market purchases of Hungarian government bonds issued abroad.

ITD Hungary and the Hungarian Fur Association will present five Hungarian fur makers at this year's Fur and Leather Exhibition, from March 3 until March 6 .

New orders received by Hungary's manufacturing sector in December rose 7.0 pct in volume terms from the same month of 2008, in the first yr/yr increase since July 2008, helped by base effects, the Central Statistics Office (KSH) said on Monday.

International news sources report on Hungarian diplomacy, election and economy.

A total of HUF 481 billion has been earmarked under the New Hungary Development Plan for healthcare developments over the 2007–2013-period.

The Magyar Nemzeti Bank (the central bank of Hungary) published the results of its latest lending survey in January, suggesting that banks have had strong ability and adequate liquidity position to lend.