870 result(s) for economy growth
NBH: Hungary Prepared For Brexit Effects
- 25 Jun 2016 9:00 AM
- business
The National Bank of Hungary (NBH) has prepared for both outcomes of the British vote on European Union membership, NBH managing director Dániel Palotai told MTI after UK voters decided to leave to bloc at a referendum. “We continuously monitor the reactions of financial markets,” Palotai said on the sidelines of a conference. “We have all the necessary tools to ensure financial stability,” he ...
Gross Wages Rise 6.4% In April
- 22 Jun 2016 9:00 AM
- business
The average gross wage in Hungary was 264,471 forints (EUR 845) in April, up by 6.4% from the same month a year earlier, the Central Statistical Office (KSH) said. Net wage growth outpaced the increase, rising by 8.0% to 175,874 forints, because of a one percentage point cut in the personal income tax rate, to 15%, from January.
Hungarian CEOs Optimistic About State Of The Economy
- 21 Jun 2016 9:00 AM
- business
Hungarian chief executives are optimistic: 81% feel confident about the direction the economy is headed in the next twelve months, consulting firm Stanton Chase said based on a survey of 120 executives. Last year an almost identical share said they were optimistic about the economy.
Varga: Brexit Could Slow Hungarian GDP Growth By 0.4%
- 20 Jun 2016 9:00 AM
- business
The exit of Great Britain from the European Union could slow the speed of Hungarian GDP growth by 0.3-0.4 of a percentage point, National Economy Minister Mihály Varga said at a press conference regarding the 2017 Hungarian budget bill.
Parlt Raises 2016 Budget Revenue, Spending Targets By HUF 422Bn
- 14 Jun 2016 9:00 AM
- current affairs
Lawmakers approved amendments to the 2016 budget act raising both revenue and expenditures by 421.7 billion forints (EUR 1.4bn). The amendments were passed with 121 votes in favour and 63 against. The MPs raised the revenue target from 15,800.4 billion forints to 16,222.1 billion forints. They increased the expenditure target from 16,562.0 billion forints to 16,983.7 billion forints.
EIB Group Opens Budapest Office
- 14 Jun 2016 9:00 AM
- business
The Investment Bank (EIB) officially opened its Budapest office at a ceremony held at the Hungarian Academy of Sciences. Few countries would make better partners for the EIB than Hungary, Prime Minister Viktor Orbán said in his address. At the event, Hungary signed a 30 billion forint (EUR 96m) refinancing agreement with the EIB for the construction of gymnasiums, swimming pools, sports courts ...
CBanker: No Threat Of Deflation In Hungary
- 10 Jun 2016 9:00 AM
- business
The National Bank of Hungary sees no threat of deflation in the country despite inflation being well below the 3% target, a senior analyst at the central bank said. András Balatoni told public news channel M1 that Hungary is in no way threatened by the level of deflation Japan battled in the 90s.
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Hungary’s Q1 2016 GDP Growth Falls Far Short Of Projections
- 24 May 2016 9:00 AM
- business
Hungary’s GDP growth in the first quarter slowed to .09 percent, or roughly half what some analysts had predicted, according to online daily vg.hu. Compared to the same period in 2015, GDP growth has decreased by .8 percentage points.
NBH: Hungary Prepared For Brexit Effects
- 25 Jun 2016 9:00 AM
- business
The National Bank of Hungary (NBH) has prepared for both outcomes of the British vote on European Union membership, NBH managing director Dániel Palotai told MTI after UK voters decided to leave to bloc at a referendum. “We continuously monitor the reactions of financial markets,” Palotai said on the sidelines of a conference. “We have all the necessary tools to ensure financial stability,” he ...
Gross Wages Rise 6.4% In April
- 22 Jun 2016 9:00 AM
- business
The average gross wage in Hungary was 264,471 forints (EUR 845) in April, up by 6.4% from the same month a year earlier, the Central Statistical Office (KSH) said. Net wage growth outpaced the increase, rising by 8.0% to 175,874 forints, because of a one percentage point cut in the personal income tax rate, to 15%, from January.
Hungarian CEOs Optimistic About State Of The Economy
- 21 Jun 2016 9:00 AM
- business
Hungarian chief executives are optimistic: 81% feel confident about the direction the economy is headed in the next twelve months, consulting firm Stanton Chase said based on a survey of 120 executives. Last year an almost identical share said they were optimistic about the economy.
Varga: Brexit Could Slow Hungarian GDP Growth By 0.4%
- 20 Jun 2016 9:00 AM
- business
The exit of Great Britain from the European Union could slow the speed of Hungarian GDP growth by 0.3-0.4 of a percentage point, National Economy Minister Mihály Varga said at a press conference regarding the 2017 Hungarian budget bill.
Parlt Raises 2016 Budget Revenue, Spending Targets By HUF 422Bn
- 14 Jun 2016 9:00 AM
- current affairs
Lawmakers approved amendments to the 2016 budget act raising both revenue and expenditures by 421.7 billion forints (EUR 1.4bn). The amendments were passed with 121 votes in favour and 63 against. The MPs raised the revenue target from 15,800.4 billion forints to 16,222.1 billion forints. They increased the expenditure target from 16,562.0 billion forints to 16,983.7 billion forints.
EIB Group Opens Budapest Office
- 14 Jun 2016 9:00 AM
- business
The Investment Bank (EIB) officially opened its Budapest office at a ceremony held at the Hungarian Academy of Sciences. Few countries would make better partners for the EIB than Hungary, Prime Minister Viktor Orbán said in his address. At the event, Hungary signed a 30 billion forint (EUR 96m) refinancing agreement with the EIB for the construction of gymnasiums, swimming pools, sports courts ...
CBanker: No Threat Of Deflation In Hungary
- 10 Jun 2016 9:00 AM
- business
The National Bank of Hungary sees no threat of deflation in the country despite inflation being well below the 3% target, a senior analyst at the central bank said. András Balatoni told public news channel M1 that Hungary is in no way threatened by the level of deflation Japan battled in the 90s.
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Hungary’s Q1 2016 GDP Growth Falls Far Short Of Projections
- 24 May 2016 9:00 AM
- business
Hungary’s GDP growth in the first quarter slowed to .09 percent, or roughly half what some analysts had predicted, according to online daily vg.hu. Compared to the same period in 2015, GDP growth has decreased by .8 percentage points.