Retail sales in Hungary fell by an annual 1.6% in September as non-food and fuel sales dropped, the Central Statistical Office (KSH) said. Adjusted for calendar year effects, retail sales declined by 2.0%. Adjusted food sales rose by 2.0% while non-food sales dropped by 3.8% and fuel sales by 9.8%.
Just 40% of Hungarians have savings invested in the money market, according to a survey in September by OTP Bank, the lowest level since the lender launched the annual gauge of financial self-care in 2011. The representative survey shows 47% of Hungarians keep some of their savings at home, up from 41% in 2018, and […]
The conference called ’Developing my company, entering foreign markets’ presented plans for assisting the growth of local small and medium-sized enterprises. The largest industrial development of Central Europe is unfolding in Debrecen. Related works are being carried out on 700 hectares. 70 per cent of the territory already has its owner. More than 600 billion […]
Industrial producer prices grew by 5.2% in September from the same month the previous year, the Central Statistical Office (KSH) said. Prices for domestic sale edged up 1.0% while export prices rose by 7.3%. In the manufacturing sector, export prices rose by 7.3%, while import prices increased by 1.5%. Import prices in the energy sector […]
South Korea’s Doosan will spend 75 billion forints (EUR 204m) to more than double the capacity at its copper foil base in Tatabanya, in north-western Hungary, the minister of foreign affairs and trade announced on Friday. The investment will boost annual capacity for copper foil for electric vehicle batteries at the base from 10,000 tonnes […]
Outstanding stock of baby bonds, a high-yield security available to newborn Hungarians since 2006, has climbed over 100 billion forints (EUR 272m), Finance Minister Mihály Varga said in a video posted on Facebook on Saturday. Varga said baby bond accounts for 27,000 children had been opened this year, bringing the total number to 228,000. He […]
Year-on-year wage growth in Hungary slowed to 9.1% in August from 10.8% in July, data released by the Central Statistical Office (KSH) on Friday show. In absolute terms, the average gross monthly wage for full-time employees stood at 391,600 forints (EUR 1,063). The average net wage was 260,400 forints. Calculating with twelve-month CPI of 3.9 […]
Hungary’s three-month rolling average jobless rate reached 4.4% in September, edging down 0.2 of a percentage point from the previous month, but still 0.9 of a percentage point over the rate a year earlier because of the coronavirus crisis, data released by the Central Statistical Office (KSH) show. The rate covers unemployment among people between […]
Chairman of the Hungarian Chamber of Commerce and Industry (MKIK) László Parragh has been re-elected for the 2020-2024 period. In a public vote held at a delegates’ meeting, Parragh received 127 votes in support, no votes against and 19 abstentions. hungarymatters.hu pixabay
The number of registered jobseekers in Hungary fell to 306,000 in October, about 70,000 fewer than the June peak, state secretary for employment policy Sándor Bodó said, commenting on the latest monthly report by the National Employment Service (NFSZ). The number of jobless has fallen for the 19th week in a row, Bodó said. The […]
