Budapest residential property market set to stagnate in 2006, research firm says
Residential property in Budapest continues to present a buyers market as a residential real estate confidence index released by economic analysis firm Ecostat fell 0.8 points in the fourth quarter of last year to reach its lowest level since 2002.
Hungary sees 5.8% decline in number of fixed phone lines in '05, but xDSL lines soar 65%
While the number of traditional fixed line telephone connections in Hungary declined steadily throughout 2005, the number of broadband xDSL connections saw a significant surge, boosted by a large increase during the Christmas period.
EIU sees Hungarian GDP growth accelerating to 4.4% in '06-'07 from 4.2% in '05
Hungary's GDP grew by around 4.2% in 2005 and is expected to increase by 4.4% in 2006-2007 as troubling foreign balance data is offset by exports and investment, according to the Economist Intelligence Unit's (EIU) latest Global Forecast published Monday.
Monetary Council leaves base rate unchanged at 6.00%, as expected
The Monetary Council of Hungary's central bank MNB voted on Monday to keep the base rate unchanged at 6.00%, in line with market expectations.
Hungary's unemployment up slightly at 7.3% in Oct-Dec '05 against 7.2% for Sept-Nov
Hungarian unemployment increased to 7.3% in the October-December period, up from 7.2% in September-November, according to data released by the Hungarian Statistical Office (KSH).
