ADVERTISEMENT

EBRD: Hungary’s GDP growth forecast at 2.4%

Deals

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary's GDP growth this year to 2.4%, from the 2.2% originally predicted in September, in its fresh Regional Economics Prospects report published today.

According to the report, GDP growth for the country accelerated significantly to an estimated 3.2% in 2014, partly due to the faster disbursement of European Union funds and a rise in households' disposable income caused by government-mandated utilities price cuts. EBRD noted that these factors are no longer relevant this year, while the external environment has deteriorated and a fiscal tightening "is imminent" in part because of the need to finance planned asset acquisitions.

MNB Issues Instructions to Prevent Online Personal Loan Frau... Banking

MNB Issues Instructions to Prevent Online Personal Loan Frau...

UN SDGs Unachievable Without 'East-West Cooperation' - Szijj... World

UN SDGs Unachievable Without 'East-West Cooperation' - Szijj...

Competition Office Launches Probe of Aldi Retail

Competition Office Launches Probe of Aldi

Sziget Announces FutureGrounds Zone, Starts Build-up In Budapest

Sziget Announces FutureGrounds Zone, Starts Build-up

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.