This week in business and finance in Hungary
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THIS IS HOW MUCH RENT YOU HAVE TO PAY IN DIFFERENT HUNGARIAN CITIES
There has been a 10 per cent increase in the rent prices since the admission points have been posted in July. In the major college towns, the rent prices are around 260-490 EUR. This means that one would have to pay 16-32 EUR more per average than last year.
IS THIS THE END OF SOUR CREAM?
The reign of butter has returned since it was proven that is healthier than margarine. There is already a shortage of butter in Europe, its price has doubled, along with the price of other dairy products. There are a lot of opportunities unused in Hungary in the field of butter production, but as vg.hu reports, measures have been taken.
OTP Q2 PROFIT CLIMBS 12 PC TO EUR 264M
OTP Bank’s second-quarter after-tax profit rose by 12 percent annually to 80.7 billion forints (EUR 264m), lifted by higher revenue from commissions and fees, lower risk costs and a subdued increase in operating costs, an earnings report showed.
HUNGARY CONSTRUCTION SECTOR OUTPUT JUMPS BY 27 PC IN JUNE
Output of Hungary’s construction sector rose by an annual 27.2 percent in June, albeit from a low base, the Central Statistical Office (KSH) said. Output of the building segment was up 26.1 percent during the period while output of the civil engineering segment climbed 29.6 percent.
HUNGARY CPI PICKS UP TO 2.1 PC IN JULY
Consumer prices in Hungary rose by an annual 2.1 percent in July, accelerating from a 1.9 percent increase in June, KSH said. The headline figure was lifted by a 7.9 percent increase in the price of tobacco. Core inflation amounted to 2.6 percent.