The number of employees in Hungary's public and private sectors fell for the seventh straight month in October 2012 edging down by 0.5% y/y to 2.697mn, the statistics office informed. The decline resulted from a 2.2% y/y drop in the business sector, which employed 1.821mn people. Employment in the private sector has been declining since December 2011 after rising in the previous 19 months. By contrast, employment in the public sector rose by 3.9% y/y to 767,000 in October. Non-profit organisations registered an annual rise of 0.1% y/y in October but their share of the labour market is negligible, as they employed only 109,200 individuals. The number of full-time employees in the local economy edged up by 0.1% y/y to 2.389mn in October. The number of part-time employees declined by 4.8% on the year to 308,200. |
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