Hungarians begin shopping for toys for Christmas in early November. This period produces 60-70% of the toy market full year turnover, director of Formatex Kft. toy distributor says.
GDP growth in Hungary for the full year of 2017 may yet reach 4%, bearing out the cabinetʼs expectations, declared Minister for National Economy Mihály Varga at the Wednesday meeting of Parliamentʼs budget committee, as reported by current affairs website hvg.hu.
An overwhelming majority of people aged 14-25 in Hungary expects a lot more of their peers to work abroad than now within the next ten years, according to the latest survey.
In January-September 2017, both gross and net earnings grew to the same extent, by 12.8% compared to the corresponding nine-month period of 2016. Rises in the minimum wage and salary adjustments in the public sector had an impact on earnings growth, the Central Statistical Office (KSH) said in a first release of earnings data for the period on Wednesday.
The Monetary Council of the National Bank of Hungary (MNB) has decided to introduce two unconventional monetary policy tools from January 2018, the council said in a statement on the central bankʼs website after yesterdayʼs rate-setting meeting. As expected, the council also decided to keep the key rate on hold at 0.90%.