Hungary’s calendar-adjusted retail sales increased by 1.5% y/y in August 2013, speeding up from a 1.2% annual rise in the previous month, statistics office preliminary data showed. In unadjusted terms, retail sales advanced by 1% y/y.
Sales of food, drinks and tobacco rose a calendar-adjusted 1.2% y/y in August, growing at the same pace as in July. Sales of non-food products also increased - by 1.3% y/y. Automotive fuel sales witnessed a 1.6% y/y rise, increasing for the fifth consecutive month. The statistics office said it will provide more detailed data on October 25.
Hungary’s retail sales declined by 1.9% in 2012 on the back of a 3% decrease in the non-food category, while food sales dropped at the slower pace of 0.7%.
The head of the European Commission Jean-Claude Juncker held talks with leaders of the Visegrad Group at a nearly three-hour dinner on October 19. The dinner on the eve of the EU summit was ... more
Hungary-based no-frills airline Wizz Air has set up subsidiary in the United Kingdom and is considering acquiring an air operators certificate (AOC) in preparation for possible negative impacts ... more
The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more