The number of newly-built housing units in Hungary shrank 20.1% y/y to 6,509 in the first nine months of 2012, the statistics office said in a statement. The contraction follows last years record-low level of only 12,655 new units, down 38.2% in comparison to 2010. Budapest saw the sharpest decrease of 57.7% y/y in newly-built units in January to September 2012. The number of new homes in other towns and villages declined 5.8% y/y and 20.9% y/y, respectively. On the other hand, new units in county towns saw a 25% y/y increase, which only partly offset the drop in the former three categories. The number of construction permits for residential buildings fell by 13.7% y/y to 4,457 in Jan-Sep. They envisaged a total useful floor area of 845,000 square meters, down by 11.9% y/y. In contrast, the number of permits for non-residential buildings increased by 16.5% y/y to 4,223 in Jan-Sep, while the aggregate useful floor area for this type of permits grew by 25.7% y/y to 1.88mn square meters. |
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