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Investment volume in Hungary grew by an annual 7.7% in the third quarter, edging down from a 7.8% annual increase in Q2, the Central Statistical Office (KSH) said, adding that the increase in investments could be explained by the dynamic activity of households and businesses combined with shrinking government investments.
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President Katalin Novák, addressing a business forum in Esztergom, in northern Hungary, urged companies to adopt a family-friendly approach.
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A new announcement can be expected next week in connection with the BMW plant being built in Debrecen, in eastern Hungary, the minister of foreign affairs and trade said in Munich on Friday, adding that the project would be “about more than what was originally planned”.
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The majority of large Hungarian companies will spend the same or more on corporate social responsibility (CSR) activities in the coming year, despite the crisis.
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Hungarian oil and gas company MOL has temporarily restricted fuel deliveries to retailers with whom MOL has no service obligation, the company said in a statement.
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Hungary is the meeting point for the Eastern and Western automotive industries, the minister of foreign affairs and trade said at the inauguration of South Korean chemicals company Chokwang Paint’s new plant in Heves, in eastern Hungary.
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