|
|
 "Hungary’s industrial output increased 0.3% year-on-year in July, according to non-adjusted figures, and was up 2.7% based on working-day adjusted numbers, the Central Statistics Office (KSH) announced. Industrial production was up 0.8% month-on-month in July. more » "Hungarian banks and people with Swiss-franc loans will benefit from the decision of the Swiss central bank (SNB) to set an exchange-rate ceiling of 1.2 against the euro, Penzugykutato economist Eva Varhegyi said. A weaker Swiss franc will mean less people defaulting on their debt, lowering banks’ need for bad loan provisions, she added. more » "Economy Minister Gyorgy Matolcsy has asked the EU to propose a higher VAT rate for luxury goods in a bid to boost tax revenues. Matolcsy said in a letter addressed to the EU's tax commissioner Algirdas Semeta that the Hungarian government would consider launching a 35% VAT rate on luxury items, above the standard rate of 25%, if given approval from the European Council. more » "China is expected to buy Hungarian bonds in the next foreign-exchange denominated bond issue in 2012, state debt manager ÁKK vice president László András Borbély said yesterday. more »|
HEADLINES
|
|