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.
PRESS MONITOR
International news sources report on Hungarian economics and finance.
Fourth Purchase of Mortgage Bonds in the Primary Market
Under the mortgage bond purchase program announced by the Monetary Council on February 8, 2010, the MNB has made its fourth purchase of mortgage bonds in the Hungarian primary market.
Central Bank Forecasts Fourth-Quarter Inflation Better than Expected
Hungary will record inflation at 3.6pct in the fourth quarter of 2010 and 3.3pct in the first quarter of 2011, the National Bank of Hungary (NBH) said in its quarterly inflation report on August 25.
Think Tank Says Export-Driven Growth Will Hit 1 Pct
According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the mostly exports driven GDP growth rate will be approximately 1 pct.
PRESS MONITOR
Guardian
To Viktor Go the Spoils: How Hungary Blazes a Trail in Europe.
Hungary Posted a Budget Surplus of HUF 36.1 Billion in July
Hungary posted a budget surplus of HUF 36.1 billion in July. The January–July balance shows a HUF 997.5 billion deficit, which is 114.6 pct of the full-year target.
Synergon’s Operating H1 Profit Was HUF 97 Million
The Synergon Group reached sales revenue of HUF 8,139 million in H1 2010. The 6 pct deficit of Q1 was decreased during Q2.
Magyar Telekom: Strong Cash Flow Despite Continued Top Line Pressure
Revenues were down by 7.1 pct to HUF 297.8 billion in the first six months of 2010 compared with the same period in 2009.
Hungary Is Second Globally and First in Europe in Terms of Value for Money
According to the largest Swedish daily paper, Aftonbladet, Hungary offers excellent value for money.
