Industrial Output Grows 5.8% in December
Industrial output in Hungary increased by an annual 5.8% in December, a rise that was supported by two additional workdays in the period, the Central Statistical Office (KSH) said in a first reading of data.
Industrial output in Hungary increased by an annual 5.8% in December, a rise that was supported by two additional workdays in the period, the Central Statistical Office (KSH) said in a first reading of data.
The Hungarian government is contributing a grant of 245 million forints for a development project by BioTech USA worth 744 million forints, the minister of foreign affairs and trade said.
Hungary is one of the best performing economies in the European Union, however, due to the coronavirus epidemic, some sectors have become vulnerable, the troubled industries and the affected companies still need help – said László Parragh, President of the Hungarian Chamber of Commerce and Industry (MKIK) on Thursday year opener 2021 online forum.
Retail sales in Hungary fell by annual 3.2% in December, the Central Statistical Office (KSH) said.
Economic growth in the upcoming years will be the based on keeping the investment rate high, Finance Minister Mihály Varga said.
As part of its action plan to relaunch the economy after the coronavirus pandemic, the Hungarian government has decided to introduce a new interest-free loan to help SMEs, Prime Minister Viktor Orbán said.
Forbes published its latest list of the 50 richest Hungarians.
Forbes has published a list of the richest Hungarians.
The European Commission on Tuesday said it has disbursed another 304 million euros in financial support to Hungary within the framework of its SURE unemployment scheme to help the country weather the coronavirus crisis.
Industrial producer prices in Hungary rose by an annual 6.8% in December, up from 5.5% in the previous month, the Central Statistical Office (KSH) said.