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3rd January, 2019

Unemployment falls to 3.6%



The average unemployment rate was 3.6% in the three-month period of September-November, down from 3.8% a year earlier, the Central Statistics Office announced on Wednesday.

The average length of unemployment was 14.6 months in September-November, when 38.5% of the unemployed had been out of work for more than a year.

Figures from state employment service NFSZ show the number of registered unemployed at 243,900 at the end of November, down 5.5% from one year earlier. (ksh.hu; napi.hu; portfolio.hu; hvg.hu; magyarhirlap.hu; magyaridok.hu)
3rd January, 2019

Employment rises to 70%



The average number of employed persons was 4.495 million in the three-month period of September-November, up by 44,000 from a year earlier, the Central Statistics Office reports.

The employment rate in the 15-64 age group was 69.7%, up from 68.8%.

The number of employed in the 15-24 age group stood at 306,000, for an employment rate of 29.9%, unchanged compared to one year earlier.

In the 55-64 age group the number of employed grew to 708,000 from 687,000, as the employment rate rose from 52.5% to 55.8%. (ksh.hu; napi.hu; portfolio.hu; hvg.hu; magyarhirlap.hu; magyaridok.hu)
3rd January, 2019

EU transfers huge amount of funds



The EU transferred Ft 780 billion to Hungary in December, according to calculations by Portfolio, an outstandingly high amount, the business news website added.

Including this sum, total EU transfers in 2018 reached Ft 1.451 trillion, not far short of the Ft 1.597 trillion paid by the state as advance payments on EU-financed projects.

Hungary has received 31% of the EU funds allocated to it for the 2014-20 budget period. This puts the country 11th on the usage list led by Finland with 52%, but above the EU average of 27%.

Hungary received Ft 2.550 trillion of EU fund transfers in 2017 and Ft 2.099 trillion in 2016. (portfolio.hu)
3rd January, 2019

New car sales up 18% in 2018



A total of 136,600 new cars were sold in Hungary in 2018, a 17.5% rise from the previous year, according to estimates by market researcher Data House.

December car sales, however, fell to 9,685, a 10.6% drop from 10,837 a year earlier.

Sales of light business vehicles went up by 14% last year to 22,725.

In December, a total of 2,780 light business vehicles were sold, an 18.7% rise.

Motorbike sales amounted to 2,986 last year, up 30.9%, despite a 6.8% drop in December to 55. (index.hu; napi.hu; magyarhirlap.hu; origo.hu; portfolio.hu)


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