|New passenger car registrations in Hungary amounted to 4,416 in March, just 24 more than the same period in the previous year and still substantially below the 15,000 car registrations recorded every month before the crisis, MTI news agency reported, quoting figures from Datahouse. The number of newly registered cars increased by 25.2% m/m and inched up by 0.5% y/y, despite the significant base effect, resulting from the car fleet purchase by the police a year ago. In March 2011, Volkswagen climbed to the first position on the auto market with 514 sold vehicles or an 11.64% market share. Opel returned to the second position with a share of 10.55% (466 vehicles). Ford, holding 10.35% of the market or 457 sold new cars, dropped to the third position in March. In aggregated terms, the total number of car registrations increased by 11.7% y/y to 11,406 in Q1 2011, with Ford leading the market with 1,369 sold cars since the beginning of the year.
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