The Hungarian government has signed new investment agreements with Bavarian automotive industry supplier Rosenberger and motorhome, campervan and caravan manufacturer Knaus Tabbert, which will create and save hundreds of jobs, Péter Szijjártó, the foreign affairs and trade minister, said on Wednesday.
German car maker BMW will use its plant in Debrecen, in eastern Hungary, as the focal point of its electric car production strategy, Foreign Minister Péter Szijjártó said in Munich following talks with BMW leaders. In a press statement published on Facebook, Szijjártó said that BMW’s decision was “fantastic news”, which signalled that “Hungary will […]
Output of Hungary’s construction sector plunged by an annual 16.2% in October, after declining by 14.7% in the previous month, the Central Statistical Office (KSH) said.
Hungarian central bank (NBH) rate-setters kept the base rate on hold at 0.60% at a regular meeting. They also decided to leave the O/N deposit rate at -0.05% and the O/N and one-week collateralised loan rates at 1.85%.
The National Bank of Hungary (NBH) expects the economy to contract between 6.0% and 6.5% this year, forecasts from its latest quarterly Inflation Report show.
Fuel prices are expected to rise on Wednesday (16th December).
The management of Hungary’s public debt is stable and based on several pillars, Mihály Varga, the finance minister, said in a YouTube video on Monday.
South Korea’s Iljin Materials will build a 3.8 billion forint (EUR 10.7) copper foil plant in Gödöllő, on the outskirts of the capital, to supply Samsung SDI’s growing local production capacity for electric vehicle batteries, Péter Szijjártó, the foreign affairs and trade minister, announced.
India’s Apollo Tyres is investing 4.4 billion forints (EUR 12.4m) at its plant in Gyöngyöshalász, in northern Hungary, Péter Szijjártó, the foreign affairs and trade minister, said on Monday.
German car maker Mercedes-Benz will invest 50 billion forints (EUR 141m) at its plant in Kecskemét, in central Hungary, to add fully electric vehicles to the production palette, Péter Szijjártó, the minister of foreign affairs and trade, said.
