The interest rates on forint-denominated deposits of the Hungarian non-financial corporations and households continued to increase in February 2012, after registering sharp increases in the previous two months, central bank data showed. Interest rates on deposits of non-financial corporations climbed to a 28-month high of 6.79% in February, up by 0.1pps m/m. Forint-denominated deposits for households were signed at an average rate of 6.64%, the highest since January 2010, and up by 0.09pps m/m. Interest rates on forint-denominated loans also advanced both for non-financial corporations and households. The companies signed credit contracts at an average of 9.75% in February, up by 0.33pps m/m. Regarding households, the interest rates on consumer credit and mortgage loans were up by 0.59pps and 0.4pps m/m. |
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