EBRD Adopts New Country Strategy for Hungary
The European Bank for Reconstruction and Development (EBRD) has said its board approved a new country strategy for Hungary, setting out priorities for the period 2021-2026.
The European Bank for Reconstruction and Development (EBRD) has said its board approved a new country strategy for Hungary, setting out priorities for the period 2021-2026.
Hungary’s trade volume contracted in January after expanding in the previous months, the Central Statistical Office (KSH) said.
Hungary will expand cooperation with a partner Israeli company to include the production of coronavirus testing kits in Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said.
Hungarian companies plan to raise headcount by 3%, on average, between April and June, a survey by staffing company ManpowerGroup shows.
Annual inflation in Hungary was 3.1% in February, the Central Statistical Office (KSH) said.
Hungary is benefiting significantly from its cooperation with Japan, Hungarian Foreign Minister Péter Szijjártó said after talks with his Japanese counterpart, Toshimitsu Motegi.
National Bank of Hungary (NBH) governor György Matolcsy said raising the volume and quality of state investments could help put the country on a sustainable convergence path.
Hungary’s cash flow-based budget deficit, excluding local councils, was 539.7 billion forints (EUR 1.46bn) at the end of February, the finance ministry said in a preliminary report.
Japanese companies have an important role in Hungary’s economic growth and see Hungary as a primary target when eyeing European expansion, Péter Szijjártó, the minister of foreign affairs and trade, said after talks with Japanese Minister of Agriculture Kotaro Nogami.
Japanese companies continue to play an important role in the further growth of the Hungarian economy, and when thinking about expanding into the European market, they are among the first to consider Hungary, said Péter Szijjártó, Minister of Foreign Affairs and Trade, after talks with Japanese Minister of Agriculture Nogami and several companies in Tokyo.