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CEE Boom Passes Peak

August 16. 2018.

BNE  Intellinews / By Ben Aris in Berlin

The boom Central and Eastern Europe (CEE) has been enjoying for the last four years has reached its peak as countries in the region start to run up against their structural limits. While all the countries are still enjoying robust growth, the rate of expansion is starting to slow and in some cases has begun to fall. More...

External Financing Capacity Shrinks in Q2 - MNB

August 15. 2018.
bbj.hu
Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - was EUR 1.38 billion in the second quarter of 2018, state news agency MTI calculated, based on monthly preliminary data released by the National Bank of Hungary (MNB) on Tuesday. More...

Hungary's Finance Ministry: Cryptocurrencies Aren't a Legal Payment Method

August 15. 2018.

CryptoGlobe / Francisco Memoria

Hungary’s Finance Ministry has recently revealed the country is working on a regulatory framework for cryptocurrencies like bitcoin, although it doesn’t yet consider them a legal payment method. More...

GDP Growth Exceeds Expectations in Q2

August 14. 2018.

Budapest Business Journal

In the second quarter of 2018, gross domestic product (GDP) in Hungary rose by 4.4% according to seasonally and calendar-adjusted and reconciled data, the Central Statistical Office (KSH) said in a flash report released on Tuesday.  More... Full KSH report

REAL ESTATE: Euphoria on Home Market: Demand and Prices Both May Rise Further

August 13. 2018.

GKI Economic Research Co.

The GKI real estate index rose to 4 points in July 2018, while the Budapest index stood at 5 points. The index has increased by nearly 2 points and the Budapest index has gone up by 3 points, compared to the previous survey conducted in April. Both indices have increased by 4 points, compared to one year earlier and reached their historical peaks indicating that real estate market players have never been so optimistic during earlier surveys. Full report.

Soros Foundation to Quit Hungary by End-August

August 16. 2018.

AFP

The foundation run by US billionaire George Soros said Thursday that the last of its operations in Hungary would cease by August 31, with its activities being transferred to Berlin. The Open Society Foundations (OSF) announced in May that it was leaving Hungary, citing what it called the "repressive" policies of nationalist firebrand Prime Minister Viktor Orban. More...

Hungary: Real Chance of a Rating Upgrade

August 15. 2018.

ING Bank / Peter Virovacz Senior Economist, Hungary

After strong second-quarter GDP data, Hungary may be set for more good news by the end of the week. S&P upgraded Hungary's credit outlook to 'positive' a year ago, will it finally raise its rating? More...

Hungarian Healthcare System Back in the Spotlight

August 14. 2018.

Emerging Europe / Claudia Patricolo

The healthcare system in Hungary has again come under scrutiny following statements made by one of prime minister Viktor Orbán’s closest friends, the head of the State Audit Office (SAO) László Domokos. In an interview with the far-right newspaper Magyar Idok, Mr Domokos said that anarchy and scandal dominate the country’s public healthcare system. More...

 

 

Tech Companies May Profit from Real Estate Market

August 13. 2018.

bbj.hu

Technological developments, digitalization and automation will significantly change the commercial real estate market, and players need to start preparing for this, says a study released by Deloitte. More...

STATISTICAL UPDATES: External Trade; Construction

August 10. 2018.

Central Statistical Office

- In EUR terms, exports grew by 8.9% and imports by 8.4% in June 2018 compared to the same period of the previous year. The trade surplus was up by EUR 119 million. Details...

- he volume of construction output was 28.2% higher in June 2018 than a year earlier based on raw data... In the second quarter construction producer prices increased by 9.2% compared to the same period of the previous year. Details...