The construction of BMW’s new plant in Debrecen, in eastern Hungary, a 400 billion forint (EUR 1.0bn) investment creating over 1,000 jobs, is a symbol of the successful economic policy of the past 12 years, the minister of foreign affairs and trade said at the plant’s cornerstone-laying ceremony.
Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Hungary’s seasonally adjusted Purchasing Managers Index (PMI) stood at 51.5 points in May, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said.
The average APR for home loans Hungarian banks signed for in April stood at 4.84%, down 2 basis points from the previous month and 21bp lower than in February, according to monthly data released by the National Bank of Hungary.
The Croatian government is ready to expand the capacity of the Adria pipeline to ensure that energy resources reach Hungary in emergency situations, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said on Tuesday.
Investments in Hungary’s agriculture and food industry increased significantly in the first quarter of this year, the minister of agriculture said on Tuesday.
Hungarian rate-setters raised the central bank’s (NBH) base rate by 50 basis points to 5.90% at their regular policy meeting on Tuesday. The Monetary Council also expanded the two sides of the interest rate corridor by the same ratio.
German businesses continue to see Hungary as a good investment destination, the finance minister said at an event of the German-Hungarian Chamber of Industry and Commerce (DUIHK) on Tuesday.
Industrial producer prices in Hungary rose by an annual 28.8% in April, picking up from a 25.9% increase in the previous month, the Central Statistical Office (KSH) said on Tuesday.
The Orsay Group operates an international chain with 705 stores, of which 197 are in Germany and 33 are in Hungary.
