Opus Unit Wins HuF 17BN Infrastructure Contract
Listed holding company Opus Global on Friday said its unit Mészáros+Mészáros won a contract worth net 17 billion forints to build sewerage networks and sewage treatment facilities.
Adam
Economy
Hungary Central Bank Among First to Warn of Inflation
Hungary’s central bank was among the first to warn of sustained global inflationary pressures, and it was the first in the European Union to kick off a cycle of rate hikes, Csaba Kandrács, the deputy governor of the National Bank of Hungary, said in an interview published by business news portal napi.hu, adding that November’s […]
GDP Expected at 5%, Deficit Target at 4.9% in 2022
The finance ministry is calculating with a GDP growth over 5% next year, making it possible to reduce the budget deficit target to 4.9%, Finance Minister Mihály Varga said on Friday.
“Energy Supply Should Not Be Politicized”
Foreign Minister Péter Szijjártó said at an annual parliamentary hearing that Hungary was unwilling “to make a political-ideological issue” out of its gas supplies.
Kopint-Tárki Lowers 2021 GDP Forecast to 6.1%
Economic research firm Kopint-Tárki has lowered its forecast for 2021 GDP growth to 6.1% from 6.8% in a projection released in the autumn, the firm’s chief executive Éva Palócz said.
Construction Sector Output Growth at 14.5% in October
Output of Hungary’s construction sector rose by an annual 14.5% in October, the Central Statistical Office (KSH) said on Wednesday.
Hungary October Industrial Output Down 3.4%
Industrial output in Hungary dropped by an annual 3.4% in October, according to a second reading of data published by the Central Statistical Office (KSH) on Tuesday. Output fell by 2.7%, based on data adjusted for the number of working days.
Hungary Central Bank Hikes Base Rate By 30 BP to 2.40%
Hungarian central bank rate-setters hiked the base rate by 30 basis points to 2.40% at a regular policy meeting on Tuesday.
Daimler Shuts Down Production for a Month in Hungary
German car maker Daimler has shut down production at its plant in Kecskemét, in central Hungary, from December 10 – one week earlier than planned – until January 12, local news portal baon.hu said.
Coronavirus – Self-Employed Receive Almost HuF 17 BN in Stimulus Payments
More than 76,000 self-employed Hungarians have received a total of nearly 17 billion forints (EUR 46.5m) of one-off stimulus payments as part of a government programme to support professions hard-hit by pandemic restrictions, the state secretary for employment policy said on Saturday.