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Growth in Hungary 50% Over EU Average

Growth in Hungary 50% Over EU Average

  • 1 Oct 2024 6:34 AM
  • business
Hungary's economy is expanding at a rate 50pc over the European Union average, but it needs to grow even faster, Prime Minister Viktor Orban told lawmakers in parliament on Monday at the start of the autumn session.
Gov’t Supports Hungarian Businesses Entering Foreign Markets, Says Orbán

Gov’t Supports Hungarian Businesses Entering Foreign Markets, Says Orbán

A crucial component of the Hungarian government’s industrial strategy is to provide incentives to Hungarian businesses entering foreign markets, Prime Minister Viktor Orbán said at the inauguration of a MOL complex in Tiszaújváros, in north-eastern Hungary.
OECD Predicts Accelerating Economic Growth in Hungary

OECD Predicts Accelerating Economic Growth in Hungary

The OECD forecasts Hungary’s GDP will climb by 2.1% this year and its growth accelerating to 2.8% in 2025, according to its biannual Economic Outlook published.
All-Time Low for Jobseekers: Hungary Aiming to Reach Level of Development Equal to 90% of EU Average

All-Time Low for Jobseekers: Hungary Aiming to Reach Level of Development Equal to 90% of EU Average

More and more people in Hungary are willing to work, and the number of economically inactive people is down in just about every age group, Márton Nagy, the national economy minister said.
Could Nationalisation Make Budapest Airport More Expensive?

Could Nationalisation Make Budapest Airport More Expensive?

  • 19 Sep 2023 4:59 PM
  • business
The Hungarian government has just made a new offer of around €4 billion (1,500 billion Hungarian forints) to purchase Budapest Airport according to Bloomberg.
Largest Investment in Hungary this Year Officially Announced

Largest Investment in Hungary this Year Officially Announced

Chinese battery maker Sunwoda will build its first European plant with investment of 580 billion forints (EUR 1.5bn) in Nyíregyháza, eastern Hungary, which will create thousands of jobs, Foreign Minister Péter Szijjártó said.
Cooperation With Mexico Benefits Hungarian Economy, Says FM Szijjártó

Cooperation With Mexico Benefits Hungarian Economy, Says FM Szijjártó

Hungary’s economy has benefitted a lot from cooperation with Mexico, its leading partner in Latin America, and Hungarian companies have “profited much” from Mexico’s industrial development, Péter Szijjártó, the minister of foreign affairs and trade, said on an official visit to Mexico City.
Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

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.
Business, Consumer Confidence Hits Two-Year High in April, in Hungary

Business, Consumer Confidence Hits Two-Year High in April, in Hungary

Economic research institute GKI’s combined monthly gauge of business and consumer confidence reached +2.6 points in April – when general elections were held – climbing from -5.5 points in the previous month to reach a more than two-year high. The business confidence index rose to +10.5 points from +2.4.
Growth in Hungary 50% Over EU Average

Growth in Hungary 50% Over EU Average

  • 1 Oct 2024 6:34 AM
  • business
Hungary's economy is expanding at a rate 50pc over the European Union average, but it needs to grow even faster, Prime Minister Viktor Orban told lawmakers in parliament on Monday at the start of the autumn session.
Gov’t Supports Hungarian Businesses Entering Foreign Markets, Says Orbán

Gov’t Supports Hungarian Businesses Entering Foreign Markets, Says Orbán

A crucial component of the Hungarian government’s industrial strategy is to provide incentives to Hungarian businesses entering foreign markets, Prime Minister Viktor Orbán said at the inauguration of a MOL complex in Tiszaújváros, in north-eastern Hungary.
OECD Predicts Accelerating Economic Growth in Hungary

OECD Predicts Accelerating Economic Growth in Hungary

The OECD forecasts Hungary’s GDP will climb by 2.1% this year and its growth accelerating to 2.8% in 2025, according to its biannual Economic Outlook published.
All-Time Low for Jobseekers: Hungary Aiming to Reach Level of Development Equal to 90% of EU Average

All-Time Low for Jobseekers: Hungary Aiming to Reach Level of Development Equal to 90% of EU Average

More and more people in Hungary are willing to work, and the number of economically inactive people is down in just about every age group, Márton Nagy, the national economy minister said.
Could Nationalisation Make Budapest Airport More Expensive?

Could Nationalisation Make Budapest Airport More Expensive?

  • 19 Sep 2023 4:59 PM
  • business
The Hungarian government has just made a new offer of around €4 billion (1,500 billion Hungarian forints) to purchase Budapest Airport according to Bloomberg.
Largest Investment in Hungary this Year Officially Announced

Largest Investment in Hungary this Year Officially Announced

Chinese battery maker Sunwoda will build its first European plant with investment of 580 billion forints (EUR 1.5bn) in Nyíregyháza, eastern Hungary, which will create thousands of jobs, Foreign Minister Péter Szijjártó said.
Cooperation With Mexico Benefits Hungarian Economy, Says FM Szijjártó

Cooperation With Mexico Benefits Hungarian Economy, Says FM Szijjártó

Hungary’s economy has benefitted a lot from cooperation with Mexico, its leading partner in Latin America, and Hungarian companies have “profited much” from Mexico’s industrial development, Péter Szijjártó, the minister of foreign affairs and trade, said on an official visit to Mexico City.
Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

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.
Business, Consumer Confidence Hits Two-Year High in April, in Hungary

Business, Consumer Confidence Hits Two-Year High in April, in Hungary

Economic research institute GKI’s combined monthly gauge of business and consumer confidence reached +2.6 points in April – when general elections were held – climbing from -5.5 points in the previous month to reach a more than two-year high. The business confidence index rose to +10.5 points from +2.4.