Finance

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.


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.


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.


Rába Expects Turnover to Increase This Year

Hungarian vehicle and vehicle-parts maker Rába expects the company's turnover to increase in 2010, the business daily Világgazdaság reported on March 23, citing Rába President-CEO István Pintér.  


CPI Rose by 5.7pct on February 2009

In February 2010, consumer prices increased 0.3pct on the previous month and rose by 5.7pct on February 2009.


GDP Decreased 4pct in the Fourth Quarter of 2009, and by 6.3pct through all 2009

Hungary’s Gross Domestic Product decreased by 4.0pct in the fourth quarter of 2009 and by 4.1pct when adjusted for calendar effects, compared to the corresponding period of the previous year.


The Number of E.ON Customers Opting to Manage Their Accounts Online Has Tripled

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


The Monetary Council Reduced the Central Bank Base Rate by 25 Basis Points to 5.75 pct

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.


Construction Output Decreased by 4.3 Pct in 2009

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


News Monitoring