The number of foreign tourist arrivals increased by 8% to 1.55mn and the number of foreign overnights rose by 6% y/y to 4.146mn in the first six months of the year, the statistics office reported. On the other hand, the number of both domestic tourist arrivals and domestic overnights remained unchanged on the year at 1.677mn and 3.749mn, respectively. In June alone, the foreign overnights rose by 4.6% y/y, while those, made by Hungarians, were down by 2.9% y/y. In January-June, the room occupancy in hotels rose by 3pps y/y to 43% on average, with five and four-star hotels having occupancy rates of 61% and 49%, respectively. The total revenues of accommodation establishments grew by 6% y/y to HUF 107bn (EUR 389.2mn). |
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