Szijjártó Visits Hungary Suzuki Plant
Péter Szijjártó, the minister of foreign affairs and trade, on Thursday visited Magyar Suzuki’s plant in Esztergom, in northern Hungary, marking the company’s 30th anniversary this year.
Adam
Economy
Construction Sector Output Rebounds From Low Base in May
Output of Hungary’s construction sector rose by an annual 18.7% in May, recovering from a double-digit decline in the base period, the Central Statistical Office (KSH) said on Thursday.
Government Take New Steps to Aid Recovery
Concerning the steps taken by the government to aid Hungary’s economic recovery, Gergely Gulyás noted that the operative board overseeing the recovery had approved more measures this week.
Hungary Industrial Output Up 39.1% YR/YR in May
Industrial output in Hungary grew by an annual 39.1% in May, the Central Statistical Office (KSH) has confirmed.
“Government Adopts Further Proposals to Restart Economy”
The government has adopted further proposals by the body in charge of measures to restart the economy, mostly concerning Hungary’s position in the international competition for investments, Foreign Minister Péter Szijjártó said on Wednesday.
SBS Invests HuF 563 M in Purchasing Machinery
Hungary’s SBS which makes frames and other welded structures for mining, construction and farm machines, is investing 563 million forints (EUR 1.6m) in purchasing machinery for use at its base in Erdőtelek, in north-eastern Hungary, Péter Szijjártó, the foreign affairs and trade minister, said.
“Hungary Leading EU Economic Recovery”
Brussels has recognised that Hungary’s economic relaunch is happening at a faster pace than in the other EU countries, Mihály Varga, the finance minister, said in a statement after a meeting of EU finance ministers (ECOFIN).
Socialists Urge Closing Gender Pay GAP
The opposition Socialist Party urged steps to be taken to eliminate the wage gap between men and women in Hungary.
Matolcsy Suggests Introducing Dual Euro Exchange Rate
György Matolcsy, the governor of Hungary’s central bank, has suggested in an op-ed that the euro area should have two exchange rates, one for northern member states and another for the bloc’s southern ones.
Economy Set to Grow Over 6% ‘With or Without EU Funding’
Hungary’s GDP growth could exceed 6% this year “even if not a single cent is received” from the European Union until the end of the year, Finance Minister Mihály Varga said in an interview.