Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 979.9 billion deficit at the end of August, 84% of the full-year target, a second reading of data from the Ministry for National Economy confirmed Thursday. The ministry stated that the deficit target of 2.4% of GDP can still be safely achieved.
The demographic perspectives are gloomy for Hungary, as its population continues to decrease due to a low birth rate and emigration. And the trend shows no sign of stalling, according to figures from Eurostat, the EUʼs statistical office.
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.
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.