The number of new housing construction permits in Hungary dropped by 35% y/y to 8,869 in the first nine months of 2011, the statistics office reported. This contraction followed a substantial decline in interest towards new construction in towns, while that in villages edged down by 2%. New permits in the capital Budapest dropped at a rate above the average - 62%. The number of permits in the residential segment narrowed by 8.2% y/y in January-September. They envisaged a total useful floor area of 959,400 square meters, down by 26.6% y/y. Permits for non-residential buildings contracted at a slower pace 5.1% y/y in Q1-Q3. The aggregate useful floor area, allowed by this type of permits, was down by 36.3% y/y. At the same time, a total of 8,147 housing units were put on the market in January-September, down by 38.4y/y. |
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