Figures

Ft5m

The amount of fine issued by the National Competition Authority (GVH) to Metro hypermarket chain after an ad campaign by the chain. An investigation by GVH showed that articles advertised as “Best of Metro” in January, 2008 weren’t available during the action in Metro hypermarkets.

0.6%

The estimated y/y decline of the Hungarian IT industry in 2009 according to current forecasts. Analysts say that the drop will badly effect hardware dealers, and only certain software companies will manage to continue their growth.

200,000

The estimated amount of switches during this year’s “switch season,” when clients are free to change their mandatory car insurance providers for a month. In 2007, some 130,000 switches were registered.

494.74

The amount of land (in acres), auctioned from the properties of former Bábolna Zrt.
Previous attempts to auction the liquidated company’s land assets by National Asset Manager agency have repeatedly failed.
According to reports, the lands were purchased by local farmers.

Ft 8bn

The revenue of the central budget from plastic and paper packages of beverages such as milk and soft drinks. The extra fee on these packages was issued by the Environment Ministry last year. Revenues are expected to grow to Ft11-12bn next year.

8.0%

The rate of net wage growth (y/y) in the competition sector in Hungary despite the financial crisis.