Consumer confidence in Hungary improved in March-April from September-October with the index growing by 3pts to 61pts during the period on the back of better employment and financial situation outlook, according to the bi-annual survey of market research company Nielsen. The share of respondents with a positive assessment of their financial situation and the prospects for employment growth in the country for the next twelve months rose respectively to around 20% and 9% respectively. These levels, however, remain quite low, indicating the depth of the economic recession. On the other hand, the share of people, planning large purchases, dropped by 3pps to 19% in March-April. |
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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