Finance

General Government Net Borrowing Was Equal to 4.4 Pct of GDP

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


Foreign Investors Were Net Sellers of Hungarian Securities in Q4, 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.


Hungary at Milano Fur Exhibition (Mifur) 2010 in March

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 in Manufacturing Sector up First Time since July 2008

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.


PRESS MONITOR

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


Construction of a Micro-Regional Outpatient Healthcare Center to Commence

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


Banks Remain Risk Averse

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.


CIB Bank Analyst Expects Industrial-Output Growth this Year

CIB Bank analysts say they expect industrial output to increase by around 5 pct in 2010 taking into consideration uncertainty factors such as the calamities of the German industry this year.


IMF-EU Delegation Praises Hungary but Calls for Further Measures

Hungary's government has taken sufficient measures to stabilize the economy.


Pannunion Sales Revenue Grows 13 pct in Q4

The Pannunion Group's sales revenue rose 13.2 pct in the fourth quarter of 2009 to HUF 3.2 billion (EUR 11.88 million), the company said on the Budapest Stock Exchange website.


News Monitoring