Hungarian PMI tumbles in February on decrease in new orders
The Hungarian Purchasing Manager Index (PMI) fell again in February after taking a dive the preceding month for the first time since July as Hungarian purchasing managers reported declining orders, according the Association of Logistics, Purchasing and Inventory Management (MLBKT).
Investment volume in Hungary grows 3.1% in Q4, 6.4% in 2005 on back of road building
Investment volume in Hungary increased by 3.1% year on year (y/y) in the fourth quarter of 2005, bringing growth for the full year to 6.4% as road-building and construction investments were able to offset slow growth in manufacturing and property sector investments, according to figures released by the Central Statistical Office (KSH).
Hungary's GDP grows 4.1% in 2005, 4.3% in Q4, slightly above expectations
Hungary's GDP rose 4.3% year on year (y/y) in the fourth quarter of 2005, bringing GDP growth for the entire year 2005 to 4.1%, according to preliminary data released by the Central Statistical Office (KSH) Tuesday.
Hungary, Russia agree to work on plans for Southern European gas supply route
Hungarian Prime Minister Ferenc Gyurcsany and Russian President Vladimir Putin agreed in Budapest Tuesday that they will draw up plans that would allow Russia to supply natural gas to Hungary via Southern Europe.
Hungarian central bank ups 2006 inflation forecast as effects of VAT cut disappoints
Hungary's central bank MNB has raised its inflation forecast for 2006 after January inflation figures showed that the effect of VAT reductions implemented in January had a lower-than-expected effect on end-user prices.
