Tag "magyar gazdaság"
Analysts: GDP growth outperformed expectations in the second quarter
The second quarter GDP growth has outperformed market expectations. Analysts interviewed by MTI are expecting faster growth for the year as a whole than the government and the central bank....
Read moreKSH: GDP increased by 4.9 percent in the second quarter
Hungary’s gross domestic product (GDP) grew by 4.9 percent in the second quarter and by 5.1 percent in the second quarter, according to seasonally and calendar-adjusted and balanced data, compared...
Read moreConsumer prices increased by 3.3 percent in July
In July, consumer prices were 3.3 percent higher on average year-on-year, and were 0.2 percent higher compared to June – according to the Central Statistical Office (KSH). Inflation declined further,...
Read moreThe first-half annual export surplus is 3.3 billion euros
In the first half of the year, the value of exports in euros increased by 3.2 percent and imports by 5.0 percent. The export trade surplus was 3,328 billion euros,...
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Analysts: industrial production data indicate a slowdown in economic growth
Economic growth peaked in the first quarter and a slowdown in GDP growth started in the second quarter, according to analysts interviewed by MTI on the first estimate on industrial...
Read moreAnalysts: retail sales growth remains decent
Rise in real wages will keep retail sales up, but the pace may decline as more income is spent on services, investments or savings – experts interviewed by MTI commented...
Read moreKSH: retail sales increased by 5.2 percent in June
According to the raw data retail sales grew by 4.3 percent in June. The calendar effect adjusted growth became 5.2 percent year-on-year – the Central Statistical Office (KSH) announced on...
Read moreKSH: exports increased more than imports in May
In May, exports were up 4.6 percent year-on-year and imports were up 2.9 percent year-on-year, so the monthly export surplus became 674 million euros, 181 million euros more – according...
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KSH: double-digit earnings growth again in May
In May, gross and net average earnings were 11.2 percent higher than a year before. After the 9.0 percent growth in April a double-digit growth occured in May. Excluding the...
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Analysts: it is hard to mobilize labor reserves
Remaining labor market reserves are now very difficult to mobilize, and unemployment can only be reduced very slowly – analysts told MTI commenting on the latest data released by the...
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KSH: employment continued to grow in the second quarter
The average number of employees in the April-June period was 4 million 511,000, u 36,000 more than a year before. The average number of employees also exceeded 4.5 million in...
Read moreKATA and KIVA are becoming increasingly popular
The number of self-employed persons in Hungary is constantly increasing. More and more people are opting for tax treatment that is favorable at European level, and the number of KATA...
Read moreOpten: half of the companies are less than ten years old
The survival rate of the Hungarian companies continued to deteriorate. 28 percent of the companies are terminated within five years, and 52 percent within 10 years. According to Opten, in...
Read moreBisnode: the number of operating companies is decreasing in Hungary
At the end of the second quarter of 2019, more than eight thousand less companies were operating in Hungary, compared to a year before – according to Bisnode Magyarország Kft....
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The Hungarian Competition Authority proposes to encourage bank card acceptance
The Competition Authority (GVH) did not reveal any market disruption in the market for credit card acceptance, which would trigger the initiation of a competition supervision procedure, but suggested measures...
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K&H: the popularity of cash deposit ATMs increases
Cash deposit machines (ATMs) and automated cash registers are gaining popularity at K&H Bank. Rajna Gábor Sales Director at K & H Bank said at a press conference on Wednesday...
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KSH: the increase in agricultural producer prices slowed down in May
The annual increase in crop production prices decreased to 3.5 percent in May, from the 6.8 percent of April. While the increase in prices for live animals and animal products...
Read moreAnalysts expect annual inflation of around 3.5 percent
This year, analysts interviewed by MTI are expecting 3.3-3.5 percent inflation based on the latest KSH data and do not expect significant monetary tightening from the central bank in 2019....
Read moreThe European Commission has further improved its growth forecast for Hungary
This year’s economic growth forecast for Hungary has been improved further – the European Commission published its summer forecast on Wednesday. Experts from the Brussels-based Economic and Financial Directorate-General (Ecfin)...
Read moreKSH: the price of alcoholic beverages, tobacco and food products is at the forefront in inflation
Consumer prices were on average 3.4 percent higher in June than a year before. Compared with May an average of 0.2 percent decrese in prices occured – the Central Statistical...
Read moreAnalysts: growth in retail sales is lower than expected
The slower than expected retail sales of May surprised the analysts. Most of them expect further downturns in the second half of the year, compared to what they saw in...
Read moreKSH: retail sales increased by three percent
According to the raw data, retail turnover in May increased by 3.0 percent and calendar effect adjusted it was 2.6 percent higher than in May 2018, according to the Central...
Read moreThe analysts of Takarékbank raised the forecast for this year’s GDP growth from 4.4 percent to 4.7 percent
Suppan Gergely, chief analyst of Takarékbank said at a press conference in Budapest on Thursday that the analysts of Takarékbank raised their forecasts for this year’s growth from 4.4 percent...
Read moreImports increased further
In April, the value of exports in euro rose by 3.8 percent and imports by 7.0 percent year-on-year, the trade balance surplus was 245 million euros, which is 238 million...
Read moreKopint-Tárki improved growth forecast
Compared to its March forecast, Kopint-Tárki Institute for Economic Research also increased its forecast for economic growth and inflation in a report published on Tuesday. Instead of the 4.0 percent...
Read moreThe June Purchasing Manager Index decreased
The Purchasing Manager Index (PMI) shows a slowdown in growth, its seasonally adjusted vakue in June was 54.4 points, compared with the 57.9 points in May – the Hungarian Logistics,...
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KSH: earnings increased by 9 percent in April
In April, the average gross earnings of full-time employees reached 371,100 HUF. By excluding public employees, the increase was 381,100 HUF which is an increase of 9.0 and 7.9 percent,...
Read moreInflation report: the catch up of the Hungarian economy continues
Despite the slowdown in external activity, the Hungarian economy will continue to catch up in the next period – Balatoni András, Director of the Hungarian National Bank (MNB) said at...
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KSH: the number of employed is over 4.5 million again
The number of employees was again over 4.5 million, averaged over the March-May three-month period. Last time, the number of employees was so high in August-October last year. The number...
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Nearly half of the Hungarians pay with cash by routine, according to a research
Nearly half of the Hungarians pay with cash by routine, while most households have credit cards and are familiar with credit card payments – according to a national, representative survey...
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