168 result(s) for forecast in Business
OECD Lowers 2017 GDP Growth Forecast To 2.5 Pc
- 29 Nov 2016 8:00 AM
- business
The OECD lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the 3.1 percent in the previous Economic Outlook released in June 2016. The OECD however improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent in the autumn edition of the World Economic Outlook.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Gross Wages Up 6.7% In Sept
- 23 Nov 2016 8:00 AM
- business
Average gross wages in Hungary rose by an annual 6.7% in September to 257,857 forints (EUR 834), the Central Statistical Office (KSH) reported. Net wages grew by 8.3% to 171,475 forints due to a one percentage point cut in the personal income tax rate from January.
Fitch Affirms Hungary Rating At ‘BBB -’ With Stable Outlook
- 21 Nov 2016 8:00 AM
- business
Fitch Ratings has affirmed Hungary’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘BBB-’ with a Stable Outlook. Hungary’s ratings reflect the country’s membership in the European Union, strong governance indicators, high GDP per capita and reduced external debt, Fitch said.
EC Revises 2016 Hungary GDP Growth Forecast Downwards To 2.1%
- 10 Nov 2016 8:00 AM
- business
Hungary’s economy, adjusted for inflation, is expected to grow by 2.1 % this year, the European Commission said in its autumn economic forecast released on Wednesday. The commission revised its estimate downwards from its spring forecast of 2.5%.
Varga: Moody’s Upgrade To Open ‘New Chapter’
- 7 Nov 2016 8:00 AM
- business
The upgrade of Hungary’s sovereign rating by Moody’s means that all three big ratings agencies have Hungary in investment grade and this could open a “new chapter” in efforts to reduce the country’s public debt, Economy Minister Mihály Varga said.
Pénzügykutató Expects Growth To Slow Before Accelerating Next Year
- 11 Oct 2016 9:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to slow to 2.2% this year from 3.1% in 2015, due to dropping investments, before accelerating to 3% next year, the economic research company said in a forecast. Performance in the first half of this year has made it clear that growth will grind to a halt as soon as the inflow of EU funding stops, the researchers said.
S&P Bumps Hungary Back Into Investment Grade
- 19 Sep 2016 9:00 AM
- business
Standard and Poor’s raised its longand short-term foreign and local currency sovereign credit ratings on Hungary to ‘BBB-/A-3’ from ‘BB+/B’, putting the country back in investment grade. S&P also raised its rating for the National Bank of Hungary (NBH) to ‘BBB-’ from ‘BB+’. The outlook on both Hungary and the NBH is stable.
Hungary Q2 GDP Growth Rate Confirmed At 2.6%
- 7 Sep 2016 9:00 AM
- business
Hungary’s economy grew by an annual 2.6% in the second quarter, up from 1.1% in the first quarter, the Central Statistical Office (KSH) confirmed in a second reading of data. KSH revised Q1 upward by two-tenths of a percentage point on the back of better farm sector output.
OECD Lowers 2017 GDP Growth Forecast To 2.5 Pc
- 29 Nov 2016 8:00 AM
- business
The OECD lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the 3.1 percent in the previous Economic Outlook released in June 2016. The OECD however improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent in the autumn edition of the World Economic Outlook.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Gross Wages Up 6.7% In Sept
- 23 Nov 2016 8:00 AM
- business
Average gross wages in Hungary rose by an annual 6.7% in September to 257,857 forints (EUR 834), the Central Statistical Office (KSH) reported. Net wages grew by 8.3% to 171,475 forints due to a one percentage point cut in the personal income tax rate from January.
Fitch Affirms Hungary Rating At ‘BBB -’ With Stable Outlook
- 21 Nov 2016 8:00 AM
- business
Fitch Ratings has affirmed Hungary’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘BBB-’ with a Stable Outlook. Hungary’s ratings reflect the country’s membership in the European Union, strong governance indicators, high GDP per capita and reduced external debt, Fitch said.
EC Revises 2016 Hungary GDP Growth Forecast Downwards To 2.1%
- 10 Nov 2016 8:00 AM
- business
Hungary’s economy, adjusted for inflation, is expected to grow by 2.1 % this year, the European Commission said in its autumn economic forecast released on Wednesday. The commission revised its estimate downwards from its spring forecast of 2.5%.
Varga: Moody’s Upgrade To Open ‘New Chapter’
- 7 Nov 2016 8:00 AM
- business
The upgrade of Hungary’s sovereign rating by Moody’s means that all three big ratings agencies have Hungary in investment grade and this could open a “new chapter” in efforts to reduce the country’s public debt, Economy Minister Mihály Varga said.
Pénzügykutató Expects Growth To Slow Before Accelerating Next Year
- 11 Oct 2016 9:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to slow to 2.2% this year from 3.1% in 2015, due to dropping investments, before accelerating to 3% next year, the economic research company said in a forecast. Performance in the first half of this year has made it clear that growth will grind to a halt as soon as the inflow of EU funding stops, the researchers said.
S&P Bumps Hungary Back Into Investment Grade
- 19 Sep 2016 9:00 AM
- business
Standard and Poor’s raised its longand short-term foreign and local currency sovereign credit ratings on Hungary to ‘BBB-/A-3’ from ‘BB+/B’, putting the country back in investment grade. S&P also raised its rating for the National Bank of Hungary (NBH) to ‘BBB-’ from ‘BB+’. The outlook on both Hungary and the NBH is stable.
Hungary Q2 GDP Growth Rate Confirmed At 2.6%
- 7 Sep 2016 9:00 AM
- business
Hungary’s economy grew by an annual 2.6% in the second quarter, up from 1.1% in the first quarter, the Central Statistical Office (KSH) confirmed in a second reading of data. KSH revised Q1 upward by two-tenths of a percentage point on the back of better farm sector output.