Consumer loans continue to drive households' lending growth
Growth in Hungarian household lending in August continued to be strong, with consumer loans once again behind growth, continuing the trend, which has dominated most of the year.
Internet penetration 82% among Hungarian businesses, says GKI
Internet penetration at Hungarian firms employing more than five people was 82% in July 2005, up from 73% during the same period last year, according to a study conducted by research firm GKI, T-Mobile and Sun Microsystems.
Government recommends 3.5-4.0% gross wage increase for 2006
The Hungarian government is recommending a rise in gross wages of 3.5-4% across the economy in 2006, and foresees a corresponding increase in real wages next year, labor minister Gabor Csizmar said at the first round of wage talks at the tri-partite National Interest Reconciliation Council (OET).
Household interest rates decrease, but spreads widen in August
Forint-based corporate and retail lending rates, as well as deposit rates, dropped in August, according to data released by Hungary's central bank MNB.
Government owns up to significant overshoot of 2005 deficit target
The government admitted on Wednesday what the market and analysts have been saying for months now, namely that it will miss this year's budget deficit target by a huge margin.
