Hungary Industrial Output Up 2.6% YR/YR in November
Hungarian industrial output in November grew by an annual 2.6%, the Central Statistical Office (KSH) said on Wednesday.
Adam
Economy
World Bank Forecast 5% Hungary Growth in 2022
Hungary’s economy is forecast to grow by 5% this year, according to the World Bank, which raised its June projection of 4.7%. Hungary’s finance ministry expects growth of 5.9% this year.
Hungary, Sri Lanka Vow to Boost Cooperation
Foreign Minister Péter Szijjártó on Wednesday met his Sri Lankan counterpart, Gamini Lakshman Peiris, and pledged to strengthen the ties between the two countries.
Government Imposes Price Cuts on Basic Foodstuffs
Hungary’s government has decided to impose price curbs on six food products effective February 1, Prime Minister Viktor Orbán announced on Facebook.
Budget Deficit Reaches HuF 5,101.5 BN for 2021
Hungary’s cash flow-based budget deficit, excluding local councils, reached 5,101.5 billion forints (EUR 14.2bn) at the end of December, the finance ministry said in a preliminary reading of data released on Tuesday.
EBRD Supports Solus Copper Foil Plant in Hungary
The European Bank for Reconstruction and Development (EBRD) on Monday announced a 28 million dollar loan for the construction of a plant by South Korea’s Solus Advanced Materials that will make copper foil for electric vehicle batteries.
Government Earmarks HuF 930 M for Promoting Hungaricums
Hungary’s government will this year again spend 930 million forints (EUR 2.6m) on promoting Hungaricums, products unique to Hungary, the agriculture minister said on Tuesday.
Hungary Trade Balance Returns to Surplus in November
Hungary’s trade balance returned to a surplus in November, a first reading of data by the Central Statistical Office (KSH) on Monday shows. Hungary, an export-driven economy where trade surpluses are the norm, had trade deficits every month since July.
Mandatory Declaration of Construction Material Exports Extended Until May 31
The government has extended the mandatory declaration of the export of strategic building materials from Hungary until May 31, the innovation and technology ministry said on Monday.
Opposition Parties Promise Public Debt Reduction Without Austerity
Politicians of opposition Jobbik, Momentum and Párbeszéd told a joint press conference on Monday that they would reduce public debt from its current record high without introducing austerity measures if the opposition came to power in the spring election.