Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - rose to EUR 3.122 billion in the second quarter on a high inflow of European Union funding and a rising surplus in the foreign trade of goods, a report released by the National Bank of Hungary (MNB) on Wednesday shows.
The average gross monthly wage in Hungary rose 13.1% year-on-year to HUF 290,500 in July, the Central Statistical Office (KSH) said on Wednesday. Business sector wage growth has been slower than in the public sector.
No CEO in the world is going to say he has not been busy, but when David Blunck, head of Invitel Group, tells you that, you tend to give him rather more credence; in the last six months, the sale of the residential business has been announced, and the group itself was bought by the China-CEE Fund. Now the group is turning its eyes on future acquisitions of its own.
The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold at 0.90% at its rate-setting meeting on Tuesday, as expected. Analysts cited by state news wire MTI, however, envisage tightening in 2018.
The expansion of the market in electric vehicles may have a negative impact on the Hungarian economy already within five years. Hungarian suppliers of major car manufacturers will be most affected by the trend, business news portal vg.hu cites an analysis as saying.