Hungarian unemployment rate falls to 7.5% in February-April
Unemployment in Hungary was 7.5% in the three-month period from February to April, down from 7.7% during the previous three months but up from 7.2% one year ago, according to data released by the Hungarian statistical office Friday.
Israeli investor Sybil Holdings to build HUF 6 bln strip-mall in Budapest
Israeli-owned Sybil Holding Kft broke ground on a HUF 6 bln brownfield investment in the Hungarian capital of Budapest on Wednesday, with plans to open a strip-mall on the site in the autumn.
Hungary's Finance Ministry expects HUF 110.5 bln budget deficit for May
Hungary's consolidated budget deficit is expected to reach HUF 110.5 bln in May, following a similar deficit in April and conforming to annual budget plans, the Finance Ministry announced on Friday.
Overall confidence in Hungarian economy continues rise in April to new three-year high
Business and consumer confidence in Hungary continued to improve in April, propelling the overall confidence index to its highest level in almost four years, according to a monthly confidence index published by research group GKI Monday.
Hungary to partially privatize motorway firm AAK to ensure EU-compliant motorway financing
In order to secure long-term financing for large-scale motorway projects without crippling the state budget, Hungary's government is planning to partially privatize state motorway company AAK through the Budapest Stock Exchange (BSE) before the end of this year, and issue bonds in the value of EUR 1.18 bln through the AAK in the near future, Minister of Economy and Transport Janos Koka announced at a press conference Tuesday.
