Hungary and Kyrgyzstan have launched a joint development fund with the aim of involving Hungarian companies in the process of Kyrgyzstan’s modernisation, Foreign Minister Péter Szijjártó said in Bishkek on Friday.
The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary’s GDP growth this year to 7.7% in a biannual report published on Thursday. The forecast was raised from 5.5% in the previous Regional Economic Prospects report, published in June. Hungary’s government anticipates growth of around 7% for 2021. First-half GDP growth reached […]
The Finance Ministry has lowered its projection for GDP growth this year to 6.8% against the backdrop of higher energy prices, inflationary pressure and the impact of the fourth wave of the pandemic, Finance Minister Mihály Varga said at a conference organised by the Hungarian Insurers Association (MABISZ) on Thursday.
Hungary and the Republic of Korea have signed agreements on expanding the number of direct flights between their capitals, Hungarian food exports and Korean language teaching in Hungary, Péter Szijjártó, the foreign affairs and trade minister, said after a Visegrad Group-South Korea summit in Budapest on Thursday.
Korean companies have become particularly active in the Visegrad Four countries and engines of the region’s economic development over the recent period, South Korean President Moon Jae-in said in Budapest on Wednesday.
Bilateral trade between South Korea and Hungary has grown tenfold over the past twenty years, showing the success of economic relations, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday, after talks with a delegation of South Korean business leaders in Budapest.
South Korean companies can expect completely hassle-free administration during investment and trading operations in Hungary thanks to a recent agreement between the investment promotion agencies of the two countries, Hungary’s minister of foreign affairs and trade said on Wednesday.
Hungary’s export growth slowed further in August, giving Hungary a trade deficit of 751 million euros, a second reading of data released by the Central Statistical Office (KSH) on Tuesday shows.
Hungary’s industrial producer price index rose by an annual 14% in September, down from 14.4% in August, the Central Statistical Office (KSH) said on Tuesday.
Hungary’s seasonally adjusted Purchasing Managers Index (PMI) was 53.1 points in October, edging up from 52 points in September, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Tuesday.
