Number of tourists in Hungary is increasing

Gellért Hill, Budapest, Hungary (Xavier, CC BY)

Romanians and Bulgarian will not get a job in Switzerland

Skoda Auto cooperation with India’s Tata motors

 

Hungary

Budapest Business Journal reports after the Central Statistical Office (KSH) that the number of tourists in Hungary is increasing. In March the number of nights spent by international tourists in Hungary increased by 8 per cent y/y, but the number of nights spent by domestic tourists was similar to a year earlier.

As reported, room occupancy in hotels was up by 2.8 percentage points (it reached 52.8 per cent). Total gross revenues from accommodation reached HUF28.4bn (EUR91.1m), up 9 per cent. 

Meanwhile Hungarian hospitality market falls dramatically in 2016 but it may change this year as many investors announced their plans to build new hotels in Hungary.

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Bulgaria and Romania

Citizens of Romania and Bulgaria wanting to go working in Switzerland will have to postpone their plans. The Swiss government limited the number of workers form those countries for the second time. The Federal Council decided to limit net immigration from these countries to a total of 996 people over the coming year. As reported, Swiss government made its decision after „an influx from Bulgaria and Romania in recent months”.

Switzerland is not a member of EU but it accepts open-access work rights and freedom of movement but it limits a number of people allowed to work in Switzerland.

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Czech Republic

Radio Praha informs that the agreement between Czech Škoda Auto (owned by Volkswagen) and India’s Tata Motors was signed with the aim to develop new compact cars. The two companies plan launching a mini-SUV and a sedan for the Indian market. The vehicles are to be ready in early 2019.

Škoda Auto has been working on restoring its Indian operations for several years, after facing problems such as poor service quality and falling customer confidence.

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What’s up in indexes

BET (of Bucharest) increased from 8,315.70 index points Tuesday, May 9th to 8,319.66 index points Wednesday, May 10th. It’s up 0.05 per cent d/d and up 28.41 per cent y/y.

BUX (of Budapest) increased from 33,509.99 index points Tuesday, May 9th to 33,666.00 index points Wednesday, May 10th. It’s up 0.47 per cent d/d and up 25.15 per cent y/y.

CROBEX (of Zagreb) decreased from 1,897.23 index points Tuesday, May 9th to 1,897.07 index points Wednesday, May 10th. It’s down 0.01 per cent d/d and up 15.23 per cent y/y.

OMXR (of Riga) decreased from 832.77 index points Tuesday, May 9th to 831.89 index points Wednesday, May 10th. It’s down 0.11 per cent d/d and up 30.99 per cent y/y.

OMXT (of Tallinn) increased from 1,129.61 index points Tuesday, May 9th to 1,132.03 index points Wednesday, May 10th. It’s up 0.21 per cent d/d and up 14.37 per cent y/y.

OMXV (of Vilnius) increased from 585.75 index points Tuesday, May 9th to 586.99 index points Wednesday, May 10th. It’s up 0.21 per cent d/d and up 15.21 per cent y/y.

PX (of Prague) decreased from 1,010.96 index points Tuesday, May 9th to 1,010.02 index points Wednesday, May 10th. It’s down 0.09 per cent d/d and up 16.17 per cent y/y.

SAX (of Bratislava) increased from 307.99 index points Tuesday, May 9th to 308.16 index points Wednesday, May 10th. It’s up 0.06 per cent d/d and down 5.25 percent y/y.

SOFIX (of Sofia) decreased from 659.89 index points Tuesday, May 9th to 658.06 index points Wednesday, May 10th. It’s down 0.28 per cent d/d and up 49.40 per cent y/y.

UX (of Kyiv) decreased from 1,020.16 index points Friday, May 5th to 1,008.54 index points Wednesday, May 10th. It’s down 1.14 per cent y/y and up 57.67 index points y/y.

WIG20 (of Warsaw) decreased from 2,413.53 index points Tuesday, May 9th to 2,380.25 index points Wednesday, May 10th. It’s down 1.38 per cent d/d and up 30.41 per cent y/y.

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