Economy

Retail sales growth accelerates to 6.9% in July

September 5, 2019 Kurucz JuditLeave a Comment

Retail sales in Hungary grew by 6.9% in July from the same month a year earlier, accelerating from a 4.3% increase in June, data released by the Central Statistical Office (KSH) show.

Hungary’s June trade surplus revised down to EUR 488 M

September 4, 2019 Kurucz JuditLeave a Comment

Hungary’s trade surplus in June was revised down to 488 million euros in a second reading of data released by the Central Statistical Office (KSH). In the first reading, KSH had the June surplus at 556 million euros.

Home sales decline by 16% in August

September 4, 2019 Kurucz JuditLeave a Comment

Home sales in Hungary came to 11,945 in August, down 16% from the same month a year earlier, real estate broker Duna House estimated. For the period January-August, home sales were down 3% year-on-year at 102,104.

Public debt at 68.7% of GDP at End-Q2

August 22, 2019 Kurucz JuditLeave a Comment

Hungary’s public debt stood at 68.7% of GDP at the end of June, down from 70.0% of GDP at the end of March, the National Bank of Hungary said concerning preliminary data of Hungary’s financial accounts.

Hungary’s industrial output down 1.4% in June

August 13, 2019August 14, 2019 Kurucz JuditLeave a Comment

Industrial output in Hungary dropped by an annual 1.4% in June, according to unadjusted data, the Central Statistical Office (KSH) said in a second reading of data.

Hungary expects 10% annual growth in tourism sector

August 12, 2019 Kurucz JuditLeave a Comment

Hungary is expected to report a 10% growth rate in its tourism sector for the full year of 2019 which is above the EU average, the head of the Hungarian Tourism Agency said.

Richterʼs Cariprazine Cleared in Singapore, Thailand

August 9, 2019August 9, 2019 Tóháti ZsuzsaLeave a Comment

Hungarian pharmaceutical company Richter Gedeon announced on the 8th of August, that subsidiaries of its business partner Mitsubishi Tanabe Pharma Corporation have obtained regulatory approval for the use of Richterʼs antipsychotic cariprazine for the treatment of schizophrenia in Thailand and Singapore.