Low investments project shrinking growth - Hungary

Competition

Data on investments reveal unfavorable tendencies, regarding both future aggregated demand and later production opportunities, researcher for the Central Bank (MNB) Péter Gál said.

However, whether the problem is temporary, or there exist grater structural problems that translate into a deteriorating Hungarian competitiveness is unclear, Gál added. In Q1 2007 the volume of national economic investments exceeded that of Q4 2006 by 2.6% adjusted by seasonal and working day factors, while growth was 0.8% compared to Q1 2006. Last year the volume of investments decreased by 2 %, unprecedented in the past two decades. This will make catching up with the current European economic activity definitely harder, Gál said. (Napi Gazdaság, Magyar Hirlap)

ADVERTISEMENT

Job ads in hospitality, tourism sector grow drastically  Analysis

Job ads in hospitality, tourism sector grow drastically 

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.