Palkovics: Capacity Ready to Produce Buses for Export
Four Hungarian bus makers are now able to manufacture vehicles for export as well as meeting domestic demand, László Palkovics, the innovation and technology minister, said on Friday.
Adam
Economy
PPI Up 22.4% YY in February
Factory gate prices in Hungary increased by an annual 22.4% in February, up from a 22.3% annual increase in the previous month, the Central Statistical Office (KSH) said.
Toray Inaugurates HuF 127 BN Battery Separator Film Plant
Japanese-owned Toray Industries Hungary inaugurated a 127 billion forint (EUR 344.6m) battery separator film plant in Nyergesújfalu, in north-west Hungary, on Thursday.
Mayor of Debrecen Has Received Investor of the Year Award from Péter Szijjártó
Minister of Foreign Affairs and Trade Péter Szijjártó presented the Investor of the Year awards at the Hungarian Investment Promotion Agency (HIPA) event in Budapest on Wednesday.
Finance Ministry Pledges Pension Hikes If Inflation Rises
The government will increase pension payments during the year if the war in Ukraine drives Hungary’s inflation higher than expected, a state secretary of the finance ministry said in an interview published by daily Magyar Nemzet on Wednesday.
EIB Group Invests EUR 891 M in Hungary in 2021
The European Investment Bank Group provided a total of 891 million euros to the Hungarian economy in 2021, a record volume of investment in the past five years, the EIB said on Tuesday.
KSH Deputy Puts 2021 ESA Deficit Under 7% of GDP
The deputy chairman of the Central Statistical Office (KSH) told MTI on Tuesday that Hungary’s budget deficit may have been under 7% of GDP last year.
Central Bank Points to ‘Strong’ Influence of War on Economic Activity in Inflation Report
The National Bank of Hungary (NBH) acknowledged the country’s “dynamic” economic growth early in the year, following a record expansion in 2021, but said economic activity in the coming quarters will be “strongly influenced” by the war in Ukraine in its quarterly Inflation Report released on Thursday.
Ukraine-Russia Conflict Raises Food Security Issues
The conflict between Ukraine and Russia raises serious food security issues and risks, Agriculture Minister István Nagy said after a meeting of the European Union’s Agriculture and Fisheries Council in Brussels on Monday.
EIB: Hungarians’ Views on Green Transition More Pessimistic Than EU Average
A survey by the European Investment Bank (EIB) found that 49% of Hungarians thought the transition to a green economy would bolster growth, as against 56% of European Union citizens overall.