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 "Hungary’s industrial production contracted by 7.0% year on year (9.3% on a wda-basis) and shrunk by 1.3% in monthly terms vs. a growth of 1.8% in October.Output dropped 19.1% in the first eleven months of the year versus the same period in 2008. more » "Hungary’s revenues from VAT and excise tax came in larger than expected, while corporate tax revenues fell short of the target in December, Finance Minister Péter Oszkó told local daily Népszabadság on Wednesday. Hungary posted a budget surplus of HUF 202 bn in the last month of 2009, some HUF 70 bn bigger than projected (HUF 135 bn), thus correcting the serious overshoot by end-Nov and meeting the full-year objective. more » "Hungary’s rate of unemployment ticked up to 10.5% in the September-November period from 10.4% in the preceding three-month period, the Central Statistics Office (KSH) has reported on Wednesday. The jobless rate was last this high in the wake of the fiscal adjustment in 1995. more » "Sentiment on global money and capital markets was less sanguine on Tuesday than the first trading day of the year and the same goes for the early Wednesday session, as well. Stock markets have lost some momentum and the US dollar has regained some strength versus the euro, which propelled Hungary’s forint back to 270 by now from around 267.50 on Tuesday morning against the euro. more »|
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