Hungary's cash flow-based general government deficit, excluding local councils, stood at HUF 869.8bn in 2010, or 3.2pc of GDP, portfolio.hu reported quoting economy ministry data. Thus, the country met its target for a general government deficit calculated according to the European budget accounting-based (ESA95) at 3.8% of GDP. The ministry attributed the achievement to its crisis measures, including fiscal savings, crisis taxes and nationalisation of the private pension fund assets. The measures resulted in additional HUF 420mn in revenues, while the strict spending generated another HUF 200-250bn in savings. |
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Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more