982 result(s) for decline
Xpat Opinion: Hungarian Economy Again Officially In Recession, Rival Interpretations
- 16 Aug 2012 12:40 PM
- business
The Central Statistical Office (CSO) published preliminary data on the 2nd quarter main economic indicators on Wednesday. According to their report, the Hungarian economy is now officially in recession, as economic output fell for two consecutive quarters in 2012. The leading left-wing daily claims that worsening economic data may prompt Prime Minister Viktor Orbán to seek tighter control, in ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Xpat Opinion: Will Hungary's Jobbik Split?
- 9 Aug 2012 12:45 PM
- current affairs
Commentators on both the left and right agree that recent scandals affecting Jobbik indicate grave conflicts and deep rifts within the far-right party. Analysts contend that this could foreshadow either its split or decline .
Hungarian Offers To Buy Seuso Treasure
- 2 Aug 2012 9:02 AM
- community & culture
Hungarian István Zelnik has signed a preliminary contract to buy most of the disputed Seuso Treasure from its British owner. The treasure, one of the largest hoards of silver from the Roman era ever discovered, is claimed by Hungary, which contends that it was discovered near Lake Balaton.
Sanyo Hungary Axes 300 Jobs At Solar Cell Plant
- 1 Aug 2012 9:00 AM
- business
Sanyo Hungary announced the elimination of 300 of the 1,100 jobs at its plant in Dorog, Komarom-Esztergom county as demand for the company's products abroad has shrunk. The layoffs will affect Sanyo’s Solar II plant, which produces solar cell panels, mainly for export.
Retail Sales Extend Slide In Hungary In May
- 25 Jul 2012 9:00 AM
- shopping
Retail sales were down 2.5% year-on-year in May, after a decline of 2.8% in April, the Central Statistics Office announced yesterday. Sales contracted 0.1% from April and were down 1% in January-May. Sales volume totalled Ft 668 billion in May and Ft 3.1 trillion in the first five months.
Xpat Opinion: The Hunters And The Hunted: Kuruc.info’s List Of Anti-Hungarians
- 24 Jul 2012 1:00 AM
- current affairs
The first detailed description of the flashmob that took place in front of László Csatáry’s house on July 16 was published in Kanadai Magyar Hírlap. The author of the article was Eszter Garai-Édler, a participant, who was subsequently identified by some of the readers of kuruc.info. The threats against her have been relentless ever since. Two came from Béla Varga himself, who offered a bounty of ...
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Losses Mount For Home Improvement Market In Decline In Hungary
- 5 Jul 2012 9:00 AM
- shopping
The five largest home improvement chains in Hungary have lost 20% of their revenue in the past five years, according to data compiled by Napi Gazdasag. The combined revenues of OBI, Praktiker, BauMax, BricoStore and Bauhaus reached Ft 141 billion in 2008, but that figure has since fallen to Ft 115 billion by 2011.
Xpat Opinion: Hungarian Economy Again Officially In Recession, Rival Interpretations
- 16 Aug 2012 12:40 PM
- business
The Central Statistical Office (CSO) published preliminary data on the 2nd quarter main economic indicators on Wednesday. According to their report, the Hungarian economy is now officially in recession, as economic output fell for two consecutive quarters in 2012. The leading left-wing daily claims that worsening economic data may prompt Prime Minister Viktor Orbán to seek tighter control, in ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Xpat Opinion: Will Hungary's Jobbik Split?
- 9 Aug 2012 12:45 PM
- current affairs
Commentators on both the left and right agree that recent scandals affecting Jobbik indicate grave conflicts and deep rifts within the far-right party. Analysts contend that this could foreshadow either its split or decline .
Hungarian Offers To Buy Seuso Treasure
- 2 Aug 2012 9:02 AM
- community & culture
Hungarian István Zelnik has signed a preliminary contract to buy most of the disputed Seuso Treasure from its British owner. The treasure, one of the largest hoards of silver from the Roman era ever discovered, is claimed by Hungary, which contends that it was discovered near Lake Balaton.
Sanyo Hungary Axes 300 Jobs At Solar Cell Plant
- 1 Aug 2012 9:00 AM
- business
Sanyo Hungary announced the elimination of 300 of the 1,100 jobs at its plant in Dorog, Komarom-Esztergom county as demand for the company's products abroad has shrunk. The layoffs will affect Sanyo’s Solar II plant, which produces solar cell panels, mainly for export.
Retail Sales Extend Slide In Hungary In May
- 25 Jul 2012 9:00 AM
- shopping
Retail sales were down 2.5% year-on-year in May, after a decline of 2.8% in April, the Central Statistics Office announced yesterday. Sales contracted 0.1% from April and were down 1% in January-May. Sales volume totalled Ft 668 billion in May and Ft 3.1 trillion in the first five months.
Xpat Opinion: The Hunters And The Hunted: Kuruc.info’s List Of Anti-Hungarians
- 24 Jul 2012 1:00 AM
- current affairs
The first detailed description of the flashmob that took place in front of László Csatáry’s house on July 16 was published in Kanadai Magyar Hírlap. The author of the article was Eszter Garai-Édler, a participant, who was subsequently identified by some of the readers of kuruc.info. The threats against her have been relentless ever since. Two came from Béla Varga himself, who offered a bounty of ...
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Losses Mount For Home Improvement Market In Decline In Hungary
- 5 Jul 2012 9:00 AM
- shopping
The five largest home improvement chains in Hungary have lost 20% of their revenue in the past five years, according to data compiled by Napi Gazdasag. The combined revenues of OBI, Praktiker, BauMax, BricoStore and Bauhaus reached Ft 141 billion in 2008, but that figure has since fallen to Ft 115 billion by 2011.