The cities of Békéscsaba and Gyula, in south-eastern Hungary, are poised to become the centres of aircraft manufacturing in the country’s defence industry, the Minister of Innovation and Technology has said.
Hungary has gained much by boosting ties with Uzbekistan in parallel with engaging with central Asia, Péter Szijjártó, the foreign affairs and trade minister, said after meeting Sardor Umurzakov, Uzbekistan’s deputy prime minister. Szijjártó said cooperation in nuclear energy has opened up opportunities for Hungarian technology exports worth 300 million US dollars. Also, a Hungarian […]
A government official has revealed the topics of the National Consultation survey on conditions for reopening the economy after the coronavirus epidemic.
Customs officers in Zala county, in south-west Hungary, have seized over 13,000 counterfeit electronic devices worth a total of 1.3 billion forints (EUR 3.6m), Finance Minister Mihály Varga said.
Hungary’s public debt rose to 81% of GDP at the end of the fourth quarter, according to a first reading of data the National Bank of Hungary (NBH).
Eight companies will receive 13 billion forints (EUR 36m) in state support to carry out investments worth 25 billion forints abroad, Péter Szijjártó, the minister of foreign affairs and trade, said.
Finance Minister Mihály Varga met banking sector leaders to discuss tools lenders can use to support Hungary’s economic recovery.
Hungary’s economy in 2020 declined by an annual 5.1%, the Central Statistical Office (KSH) said, based on a first estimate. GDP grew by 1.1% in the fourth quarter last year compared with the previous quarter and fell by 3.7% compared with the same period of the previous year. According to seasonally and calendar-adjusted data, the […]
Output of Hungary’s construction sector edged down 0.3% year-on-year in December, the Central Statistical Office (KSH) said. Output of the buildings segment climbed 15.1%, but civil engineering output dropped 16.5%.
Finance Minister Mihály Varga announced tenders for almost 30 billion forints (EUR 83m) in funding that will be called during the week in the framework of the government’s Economic Recovery Action Plan in a video message posted on Facebook on Monday.
