Ecostat estimates Q1 GDP growth at 3.0%
Economic research institute Ecostat estimates that Hungary's GDP grew by 3.0% in the first quarter of 2005, according to a flash GDP estimate published on Tuesday. Economic growth is expected to be between 2.8-3.2%.
Office stock set to increase by 120,000-140,000 sqm in 2005, says GKI
A further 120,000-140,000 sqm of new office space is due to be built in Budapest in 2005, according to a survey by research institute GKI. This represents a 30-50% increase on new supply last year.
Real wages rise 4.4% in March
Wages in Hungary rose by 6.3% in gross and by 8.1% net terms in March 2005 when compared to the same month last year, according to figures released by the Central Statistical Office (KSH). Real wage growth was 4.4% in March.
Software piracy by Hungarian businesses up 2 pp in 2004 - USD 126 million lost
Software piracy by Hungarian businesses rose two percentage points in 2004, according to the latest annual survey released by the Business Software Alliance (BSA).
T-Online expects 80% of Internet users to be broadband by 2007
The Internet penetration of households is expected to rise from 16% in 2004 to 31% by 2007, with 80% of users to be on broadband connections by that time, according to a study by ISP T-Online (formerly Axelero).
