OECD Raises Hungary 2022 GDP Growth Forecast to 6.0%
The OECD raised its forecast for Hungary’s GDP growth this year to 6.0% in its biannual Economic Outlook published on Tuesday. The forecast was raised from 4.0% in June.
Adam
Economy
Tourism Agency: Government Sector Support to Leave HUF 30 BN With Tourism Companies
The government’s measures to support tourism will leave some 30 billion forints (EUR 73.5m) of taxes with the sector’s SMEs in the next 6 months, the head of the Hungarian Tourism Agency (MTÜ) told a press conference on Tuesday.
Gas Storage Facilities 86% Full
By Nov. 15, Hungary’s gas storage facilities contained 5.44 billion cubic metres of natural gas, 86.02% of their total capacity, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Tuesday.
Utility Price Caps to Be Expanded to State, Local Council-Owned Rental Flats
The government has decided to expand its household utility price caps to state and local council-owned rental apartment buildings, the government commissioner in charge of the scheme announced.
Significant Amount of Oil Found at Vecsés
A significant amount of crude oil was found at the border of Vecsés, at a depth of 2,100 meters. MOL started exploratory drilling in the area in July, where after performing the necessary tests, it was proved that a previously unknown crude oil field had been discovered, the oil company told MTI on Monday.
Fuel Prices to Drop on Wednesday
Domestic fuel prices will drop significantly at gas stations, the purchase price of gasoline and diesel will also decrease, reports holtankoljak.hu.
DK Slams Government for High Inflation
“Prime Minister Orbán’s inflation is causing the people increasing suffering,” the shadow finance minister of the opposition Democratic Coalition (DK) told a press conference on Saturday.
“BMW’s Debrecen Plant About More Than Originally Announced”
A new announcement can be expected next week in connection with the BMW plant being built in Debrecen, in eastern Hungary, the minister of foreign affairs and trade said in Munich on Friday, adding that the project would be “about more than what was originally planned”.
HUF 3 Billion a Year Given to Wine Marketing
The government provides HUF 3 billion annually for the implementation of the national wine marketing strategy, the government commissioner responsible for national wine marketing announced on Saturday at the Vince gala in Budapest.
Euro area financial vehicle corporation statistics: third quarter of 2022
In third quarter of 2022 outstanding amount of debt securities issued by euro area FVCs engaged in securitisation decreased to €1,698 billion, from €1,709 billion in previous quarter Net redemptions of debt securities by FVCs during third quarter of 2022 amounted to €14 billion Euro area FVCs disposed €12 billion of securitised loans in third […]