Annual economic growth in 2008 is expected at about 3%, partly due to the good harvest. The forint’s exchange rate is exposed to whether the 2009 budget will be accepted or rejected.
Full-time employees had a monthly gross average income of Ft 195,700 in January – May, Ft 120,500 net. Gross average wages grew by 7.9% year-on-year (y/y), and net incomes by 7.2%. Real wages will prove to have grown 2% in the private sector and 0% in the public sector in 2008. In June, prices grew 0.1% month-on-month (m/m), and 6.7% y/y (annual inflation in May was 7%).
Food prices featured a definite diversity: meat prices, e.g., grew 3.3% m/m, while those of vegetables and fruit dropped 7.3%, but all in all, food prices dropped 0.4% m/m. Fuel prices grew 2%, and the annual average will be 6.5%. (Népszava)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
