Hungary vetoes EU budget and recovery package
Hungary and Poland have vetoed the European Union’s next multi-year budget and post-pandemic recovery package, diplomatic sources told MTI on Monday
Adam
Economy
Hungary Q3 GDP Up 11.3% From Previous Quarter, Down 4.6% YR/YR
Hungary’s economy shrank by 4.6% in the third quarter, according unadjusted data, the Central Statistical Office (KSH) said. GDP fell by 4.7% in Q3 based on seasonally and calendar-adjusted data.
Construction Sector Output Down 14.7 % in September
Construction sector output in Hungary dropped by an annual 14.7% in September after a contraction of 13.5% in the previous month, the Central Statistical Office (KSH) said.
Industrial Output Up 2.2 % YR/YR in September
Hungarian industrial output was up an annual 2.2% in September, the Central Statistical Office (KSH) confirmed in a second reading on Thursday.
Foreign Investors Virtually Disappear From Real Estate Market
Foreign buyers and investors have virtually disappeared from Hungary’s housing market this year due to the coronavirus pandemic, according to Wednesday’s Magyar Nemzet.
Hungary Inflation Eases to 3% YR/YR in October
Consumer prices in Hungary rose by an annual 3.0% in October, level with the medium-term target of the National Bank of Hungary (NBH), the Central Statistical Office (KSH) has said.
Szijjártó Announces Semcorp Investment in Eastern Hungary
Shanghai-based Semcorp, a supplier of parts for electric vehicle batteries, will set up a 65.5 billion forint (EUR 182.6m) plant in Debrecen, in eastern Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said in a video message on Facebook.
Chinese Company to Create 440 New Jobs in Debrecen
Through its investment of 183 million EUR, the Chinese SEMCORP Group will establish its first plant outside China in Debrecen. The investment is a milestone in the life of the city of Debrecen in several respects. In relation to the announcement made on 10 November 2020, Péter Szijjártó, Minister of Foreign Affairs and Trade expressed […]
Budget Deficit Reaches HuF 2,604 BN at End October
Hungary’s budget deficit, excluding local councils, reached 2,604.2 billion forints (EUR 7.2bn) at the end of October, the finance ministry said in a preliminary release of data. The central budget deficit reached 2,140 billion forints, the social insurance funds were 489.9 billion in the red and separate state funds had a 25.7 billion surplus. The […]
Guest Nights Down 59.2% in September
The number of guest nights at commercial accommodations in Hungary fell by an annual 59.2% to 1,061,000 in September, the Central Statistical Office (KSH) said. The number of guest nights spent by domestic travellers fell by 16.2% to 931,000, while the number spent by foreign visitors plunged by 91.3% to 130,000. hungarymatters.hu pixabay