|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 resulted from a 1% y/y drop in the business sector, which employed 1.789mn 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 edged up by 0.5% y/y to 682,200 in January. Non-profit organisations registered an annual drop of 2.8% y/y in January but their share of the labour market is negligible, as they employed only 100,600 individuals. The number of full-time employees in the local economy dropped by 0.7% y/y to 2.279mn in January. The number of part-time employees was up by 0.5% on the year to 294,600.
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 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
Hungarian banks are working on a complex proposal to support troubled borrowers with foreign currency-denominated home loans, which will be presented to the government within a week, MTI news ... more