Tag "magyar gazdaság"

The OECD has improved its GDP growth forecast for Hungary for 2019 and 2020

GDP growth is slowing compared to last year, but Hungary’s economic growth this year and next year will be faster than previously expected, according to the latest OECD forecast released...

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Slower growth, but lower inflation too

Economic growth was 5.1 percent in Hungary in the first half of 2019. This growth rate was the fastest in the EU – three times faster than the average. The...

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KSH: economy continues to boost

Gross domestic product (GDP) grew by 5.0 percent in the third quarter, according to the raw data, and 4.8 percent in the third quarter compared to the same period last...

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MNB: rising food prices pushed up core inflation in October

With the food price index moving up, the central bank explains that inflation and core inflation rose by 0.1 percentage points in October compared to the previous month. In October,...

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KSH: consumer prices increased by 2.9 percent in October

Consumer prices were on average 2.9 percent higher in October than one year before, which is a 0.6 percent increase, compared to September – the Central Statistical Office (KSH) announced...

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The European Commission has revised its forecast for the Hungarian economy this year

The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth, according to which economic growth is expected to be 4.6 percent this year, the third...

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KSH: retail sales increased by 5.8 percent in September

In September, the retail sales calendar effect adjusted increaased by 5.8 percent year-on-year. According to the raw data, the growth was 6.3 percent – the Central Statistical Office (KSH) announced...

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MLBKT: Purchasing Manager index increased in October, but shows slight increase

The Seasonally Adjusted Purchasing Manager Index (PMI) for October was 51.9 points, according to respondents reporting better overall performance than last month, the Hungarian Logistics, Purchasing and Inventory Company (MLBKT)...

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KSH: exports increased more than imports in August

The value of exports, measured in euros, grew by 2.7 percent in August and imports by 1.2 percent. The export surplus on trade in goods was 60 million euros, 122...

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KSH: double-digit earnings growth continues

In August, average gross earnings grew by 11.5 percent year-on-year to 358,000 HUF. The average net income without allowances amounted to 238,700 HUF taking the benefits into account reached 246...

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Expert: significant growth can be seen on the personal loans market

Low interest rates have seen significant growth in the personal loans market for years – Trencsán Erika, financial expert of money.hu told M1 news channel. Over the past period, personal...

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Vámos György: retail sales have been growing for six years

Retail sales in Hungary have been growing steadily since 2013, but the real expansion started in 2014 – origo wrote. Since then, the sector has been growing at an annual...

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A strong confidence characterizes the SME sector

There is a good mood in the SME sector. The K&H SME confidence index, which shows the expectations of companies, is now 15 points after a slight decrease of 2...

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Hungary’s competitiveness improved

Hungary is one place ahead of last year, ranking 52nd in the World Bank’s Doing Business 2020 Competitiveness Ranking, confirming that Hungary’s economic policy is on the right track, while...

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Coface: growth in the region may slow in the coming years

Although the Central and Eastern European region’s GDP growth is impressive at EU level, growth may slow in the coming years, with regional GDP rising by 3.6 percent in 2019...

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Bisnode: the number of firms has reduced in every region of the country

By the end of the third quarter of 2019, more than eight thousand companies were operating in Hungary less than a year before. Unlike previous periods, all regions of the...

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Earnings continued to grow

In July, average gross and non-discounted earnings increased by 10.7 percent and net earnings, adjusted for discounts, increased by 10.9 percent year-on-year – the Central Statistical Office (KSH) announced on...

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The IMF has significantly improved its GDP growth forecast

The International Monetary Fund (IMF) has improved its Hungarian GDP growth forecast in the World Economic Outlook (WEO) forecast released on Tuesday. The Hungarian economy is forecast to grow by...

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Companies’ willingness to lend increased to record levels

Lending to Hungarian companies reached a record. It was 20 percent higher than a year before, according to Atradius Credit Insurance. According to a study, made with the involvement of...

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THe analysts of Savings Bank raised their GDP growth forecast to 4.9 percent this year

Analysts at the Savings Bank raised their GDP growth forecast from 4.7 percent to 4.9 percent -was said at the press conference of the bank in Budapest. Suppan Gergely, senior...

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MNB: rising cost of services increased core inflation

Inflation fell by 0.3 percentage points to 2.8 percent in September, while core inflation rose by 0.2 percentage points to 3.9 percent. The slowdown in inflation was mainly caused by...

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Analysts: duality characterizes inflationary processes

Inflationary processes are characterized by duality: in contrast to the decline in the main indicator of inflation, core inflation adjusted for products showing strong price movements has risen. The former...

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Exports outpaced imports again

In August, exports increased by 2.6 percent in euro terms and exports grew by 1.3 percent year-on-year – the Central Statistical Office (KSH) announced on Wednesday. The external trade balance...

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KSH: prices increased by 2.8 percent in September

Consumer prices increased by 2.8 percent on average in September, compared to a year before. Compared to August prices increased by 0.1 percent – the Central Statistical Office (KSH) announced...

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Kopint-Tárki has improved its growth expectations

The Kopint-Tárki Economic Research Institute raised its GDP growth forecast for September to 4.8 percent from the 4.5 percent forecasted in June, while its forecast for 2020 remained unchanged at...

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KSH: retail sales continued to increase

According to raw data, calendar effect adjusted retail trade turnover in August was 5.3 percent higher than a year before – the Central Statistical Office (KSH) announced on Thursday. Food...

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KSH: foreign trade turnover increased again in July

In July, exports increased by 8.3 percent in euros, while imports increased by 9.2 percent year-on-year, after a month-on-month decline of 7.3 and 2.3 percent, respectively. The monthly export surplus...

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MLBKT: PMI in September indicates modest growth

The seasonally adjusted September Purchasing Manager Index (PMI) is 51.8 points. The 50 points, or above value is indicating trends better than in the previous month – the Hungarian Logistics...

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Employment may peak

Employment may have peaked, and further expansion may be hampered by labor shortages, especially in an uncertain global market environment – analysts told MTI in response to employment and unemployment...

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34,000 more have worked in the last three months than a year ago

In June-August, 34,000 more people were employed than a year earlier, with the average number of employees rising to 4 million 517,000, the Central Statistical Office (KSH) announced on Friday....

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