PM Meets Vodafone CEO
Prime Minister Viktor Orbán and Nick Read, the chief executive of telecommunications giant Vodafone, met on Tuesday to discuss Hungary’s digital development and competitiveness, the PM’s press chief said in a statement.
Adam
Economy
Hungary Issues EUR 575 M of Samurai Bonds
Hungary has successfully issued 575 million euros’ worth of government bonds on the Japanese market with favourable interest rates, Finance Minister Mihály Varga said on Facebook on Friday.
Bosch to Strengthen Electromobility R+D, Production in Hungary
German engineering giant Bosch on Thursday said it will strengthen its electromobility R+D and production activities in Hungary. “Our goal is to make Budapest a centre in central and eastern Europe for the development of electric and hybrid drivetrains as well other technical solutions,” Bosch’s head in Hungary, István Szászi said.
Baolong to Set Up HuF 5 BN European Base in Hungary
Chinese automotive industry supplier Baolong will build a 5 billion forint (EUR 14.1m) plant to make parts for electric and smart vehicles in Szigetszentmiklós, near Budapest, Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday. The government is supporting the greenfield investment, which will create 35 new jobs, with a 1.5 billion […]
Government to Designate Service Providers for Petrol Stations Threatened By Closure
The state is ready to intervene and exercise its right to designate new operators for petrol stations that face closure in areas where, as a result, fuel would become unavailable within a 5 km radius of a settlement, the prime minister’s chief of staff told a regular press briefing on Wednesday.
Hungary GDP Growth 7.2% in Q4, 7.1% in Full Year
Hungarian economic output grew by an annual 7.2% in the fourth quarter, bringing full-year growth to 7.1%, the Central Statistical Office (KSH) said in a first reading of data on Tuesday.
Construction Sector Output Up at 29% in December
The output of Hungary’s construction sector rose by an annual 29.0% in December, the Central Statistical Office (KSH) said on Tuesday.
German Car Parts Manufacturer Creates 720 Jobs With HuF 50 BN Investment
German company group Rehau Automotive has invested 50 billion forints (EUR 140m) in a new polymer car parts manufacturing plant in Újhartyán, in central Hungary, which is creating 720 new jobs, the minister of foreign affairs and trade said on Tuesday.
There is a gas station in Eastern Hungary where a car can only refuel 10 liters
Due to the extension of the fuel price stop, some gas stations are already limiting the amount that can be refueled, and there is also a filling station where only six cars a day are refueled.
Over 100,000 Families Apply for Government Home Renovation Grant
So far, over 100,000 families have applied for a government grant to help renovate their homes, the state secretary in charge of families said on Facebook on Monday.