HungaryTrends – Business and finance news from the previous week
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See below MTI’s main business and financial news from the previous week:
BUDAPEST IS THE THIRD CITY IN THE WORLD WITH THE HIGHEST FLAT PRICE GROWTH
Knight Frank revealed its Global Residential Cities Index of 2018 to represent the price increase of flats and estates in major cities. The statistics revealed that the Hungarian capital has the highest rate of annual growth, read more HERE.
ROMANIAN MINIMUM WAGE HIGHER THAN HUNGARIAN?
The Hungarian minimum wage has risen up to 149,000 Hungarian Forints gross (463 Euros) – 99,085 HUF in net price (308 EUR). If we compare it with the regional countries’ minimum wage, is it relatively a high amount or not? What if we compare the region’s increase rates? Lot of questions to be answered below. Romanian minimum wage higher than Hungarian? – Read more HERE.
RECORD YEAR AT BUDAPEST AIRPORT: 14.9 MILLION PASSENGERS IN 2018
Double-digit passenger traffic growth in 2018 resulted in approximately 14.9 million passengers in total at Budapest Airport, making the capital city airport of Hungary the fastest growing airport in the Central Eastern European region. Solid growth figures are the basis of the long-term airport development plans of Budapest Airport which envisage an investment of no less than 700 million Euro into the airport infrastructure in upcoming years, including a brand new terminal building, read more HERE.
OTP RAISES CAPITAL AT BULGARIAN UNIT
OTP Bank said in a stock exchange disclosure that a capital increase, to 1.327 billion Bulgarian lev (EUR 678m) from 154 million, was registered at its Bulgarian unit, DSK Bank. In a separate statement sent to MTI, OTP said the capital raise was related to its acquisition of the Bulgarian unit of France’s Societe Generale Group, but added that it exceeds the purchase price of the business which was not disclosed.