GKI: 1 pct GDP Growth in 2010

According to the forecast of GKI Economic Research Co. following the end of the recession in statistical terms in the first quarter, there will be an approximately 1 pct GDP growth in 2010.


International news sources report on Hungarian business and banking.


International news sources report on business in Hungary.

General Government Gross Debt 79.6pct of GDP; Net Borrowing at 4.4pct

According to preliminary financial accounts data, general government net borrowing was equal to 4.4pct of Hungary’s GDP in the year to 2010 Q1.

In March, the Trade Balance Showed a Surplus of EUR 653 Million

In March, the trade balance showed a surplus of EUR 653 million (HUF 172 billion); the balance improved by EUR 167 million (HUF 25 billion) compared to the same month of 2009.

Developments in the Hungarian-Croatian Border Region from EU Funding

The assistance contracts of a further three applications awarded funding to be implemented in the Hungarian-Croatian border region.

Palace District in Józsefváros to Be Renovated

The former ‘exclusive magnate quarter’ in the center of Budapest, namely the Palace District in the 8th District known as Józsefváros will be renewed by the summer 2011.

Hungary's Prime Minister-Elect Orban Unveils Cabinet

Hungarian prime minister-elect Viktor Orban named further members of a streamlined cabinet on May 3. Introducing his new cabinet, Orban stressed the experience of his new team.

Hungarian Investment and Trade Development Agency is the Best

Site Selection, a leading American economy magazine has selected ITD Hungary as the best trade development agency in Central Eastern Europe in 2010.

Unemployment at 11.8pct

In the 1st quarter of 2010, the number of employed people aged 15–74 was 3,719,000; the number of unemployed persons was 498,000; and the unemployment rate was 11.8 pct.

News Monitoring