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Budapest has jumped to 85th place from 101th last year on the Global Financial Centers Index, which was published on Thursday for the 29th consecutive year by the Z/Yen Group.
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Annual inflation in Hungary was 3.1% in February, the Central Statistical Office (KSH) said. Inflation grew at a higher rate than 2.7% registered in January, with higher tobacco prices due to excise tax increases putting upward pressure on the index.
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Hungary’s economy shrank by an annual 3.6% in the fourth quarter of 2020, slowing from a 4.6% decline in Q3, the Central Statistical Office (KSH) said.
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Hungary’s three-month rolling average jobless rate averaged 4.3% in the Nov-Jan period, up by 0.2 percentage point from the previous month, the Central Statistical Office (KSH) said on Friday.
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The International Investment Bank’s (IIB) decision to move its headquarters to Budapest is a boost to Hungary’s financial position on international markets, Finance Minister Mihály Varga said at the inauguration of the IIB’s new headquarters in Budapest.
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The average annual compulsory vehicle insurance premiums were Ft 45,000 nationwide and Ft 63,000 in Budapest, increases of 9% and 15%, respectively, according to the MNB’s annualised index presented on Monday.
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