In January 2018, the number of nights spent by international tourists increased by 7.6%, while nights spent by domestic tourists rose by 13.5% compared to a year earlier, shows a first release of monthly data from the Central Statistical Office (KSH). Total gross revenues from commercial accommodation grew over 11% at current prices.
In January 2018, both average gross wages and average net wages were 13.8% higher than a year earlier, according to a first release of monthly data from the Central Statistical Office (KSH). Real wages increased by 11.5% in January.
Industrial output was up nearly 7% in January from a year before. The figures give reason for optimism and analysts therefore also expect good GDP data for the first quarter.
Turnover via electronic payment methods continued to rise strongly in 2017, according to data released on Monday by the National Bank of Hungary (MNB). The payment card acceptance network grew by 25%, while 83% of POS terminals supported contactless payment.
In a surprise move, the National Bank of Romania has rejected a request for approval by the Romanian unit of Hungaryʼs OTP Bank to acquire 99.28% of Banca Românească from the National Bank of Greece, the lender said in a disclosure posted on the website of the Budapest Stock Exchange (BÉT) early on Monday.