Hungary February Industry Output Up 1.9% YR/YR
Hungarian industrial output grew an annual 1.9% in February after declining by 6.7% in January, the Central Statistical Office (KSH) confirmed.
Adam
Economy
HuF 30 BN Support to Boost Competitiveness Scheme
The government is granting an additional 30 billion forints support to a scheme to boost competitiveness, the foreign minister said.
Hungary External Balance Indicators Improve in 2020
Hungary’s external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report. Hungary had a current-account surplus for the year at 2.1% of GDP. External debt indicators reached historical lows at 8% of GDP, in line with the regional average and […]
Bosch Building HuF 6 BN Regional Service Centre Near Budapest
German engineering giant Bosch is building a 6 billion forint (EUR 16.8m) regional service centre in Vecsés, on the outskirts of Budapest, the minister of foreign affairs and trade said.
Szijjártó Inaugurates Ford Logistics Centre in Hungary
Car manufacturers are continuing to bring engineering, development and service facilities to Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of carmaker Ford’s logistics centre in Biatorbágy, near Budapest.
Socialists Call for Making Minimum Wage Tax-Exempt
The Socialist Party will be campaigning in the upcoming opposition primary in favour of making the minimum wage tax-exempt and reducing the income tax for low earners, the party’s co-leader said over the weekend.
Hungary Retail Sales Down 5.9% YR/YR in February
Retail sales fell by an annual 5.6% in February, according to unadjusted data, the Central Statistical Office (KSH) said.
Hungary Inflation 3.7% in March
Consumer price inflation averaged an annual 3.7% in March, the Central Statistical Office (KSH) said. Analysts forecast a rise of 3.8%. CPI rose by 0.7% month on month.
Budget Deficit HuF 1,144 BN at End-March
Hungary’s cash flow-based budget, excluding local councils, was 1,144.1 billion forints (EUR 3.2bn) at the end of March, the Finance Ministry said in a preliminary release of data.
Szijjártó Opens Hungary-Romania Business Forum
Hungary sees Romania as one of its most important business partners, and has a vested interest in strengthening mutual cooperation, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said at the opening of a Hungarian-Romanian business forum in Budapest.