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9th November, 2017

GKI October property index stable

The GKI property index remained stable at zero in October compared to the survey conducted in July of the last quarter, the research company announced on Wednesday.

One year earlier the index stood at -2 points.

Although the peak positive outlook for the property market occurred over a year ago, expectations remain positive, GKI underlined.

The Budapest property market index dropped to -1 point in October, down from 1 point in July.

Compared to one year earlier, the decrease was 4 points. Compared to one quarter earlier, the price increase of used homes is expected to accelerate in the coming year from 2.5% to 4.3%. (gki.hu; napi.hu; hvg.hu; magyarhirlap.hu)
9th November, 2017

MNB base rate unanimously maintained

At its meeting on October 24 the monetary council of the MNB voted unanimously to maintain the base rate at 0.9% according to the minutes published on the MNB website on Wednesday.

MNB governor Gyorgy Matolcsy and deputy governor Marton Nagy were absent from the meeting. (napi.hu; portfolio.hu; magyarhirlap.hu)
9th November, 2017

Romania for joint tourism programmes

The Romanian authorities are conducting negotiations with their Hungarian, Greek and Israeli counterparts to offer joint tourism programmes for visitors from China and India, tourism affairs state secretary Cristina Tarteata told news website Romania-Insider.com.

She added that the visiting patterns of Asian travellers reveal that it is more difficult to invite them to individual European countries. They will not visit Romania alone but are likely to accept a programme that includes several countries.

A joint direct flight could be operated, she recommended, and tourists could choose from a host of programmes in neighbouring countries.

The visa administration time for Indians should also be cut from the present 60-90 days to 30, Tarteata argued. (napi.hu)

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