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Monday 25 Sep 2017
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Automotive Sector Lifts Hungary’s Industrial Output In May
Output of Hungary’s automotive sector, a key driver of industry in the country, rose by an annual 10.7 percent in May, a second reading of data for the month released by the Central Statistical Office (KSH) on Wednesday shows. more »
Hungary Inflation Rate Dips To 1.9 Pc Yr/Yr In June
Consumer prices in Hungary grew by an annual 1.9 percent in June, down from 2.1 percent in May, the Central Statistical Office (KSH) said on Tuesday. The June rate was slightly below the market consensus of 2 percent. Food prices grew by 3.1 percent and prices of spirits and tobacco climbed by 4.6 percent in June. more »
AmEx pulling Out Of Retail Market
American Express is leaving the Hungarian retail market, Index reports, after OTP bank announced that it is recalling its American Express cards, which will be valid only until January 31, 2018. more »

Kopint-Tárki Lowers Inflation Forecast


Kopint-Tárki Lowers Inflation Forecast
Think-tank Kopint-Tárki has lowered its projection for annual average inflation this year to 2.3% from 2.7% forecast in April. Its expectation for economic growth this year was unchanged at 3.7%, but next year growth is forecast at 3.5% as opposed to the April projection of 3.2%. more »

Hungarian-Egyptian Business Forum Held In Budapest


Hungarian-Egyptian Business Forum Held In Budapest
Prime Minister Viktor Orbán urged a breakthrough in Hungarian-Egyptian economic ties at a bilateral business forum organised on the occasion of Egyptian President Abdul Fattah al-Sisi’s visit to Budapest on Monday. more »

US Hungary Business Council Brings Second Annual Mission To Budapest


US Hungary Business Council Brings Second Annual Mission To Budapest
The US Hungary Business Council (USHBC) brought its second annual business mission to Budapest on Tuesday. Hungary aims to strengthen its economic ties with the United States, state secretary for economic diplomacy Levente Magyar said after meeting with the USHBC mission. USHBC chairman Eric Stewart noted that the US is the second-biggest foreign investor in Hungary after Germany, adding that American companies want to take the top position. more »



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