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German car manufacturer BMW is to build an over 1 billion euro factory for the production of conventional and electric cars in the eastern Hungarian city of Debrecen, the minister of foreign affairs and trade, Péter Szijjártó, announced on Tuesday.
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Hungary’s seasonally adjusted Purchasing Managers Index (PMI) rose to 53.1 points in July from a revised 52.9 points in June, Halpim, the company which compiles the index, said.
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A shocking two-thirds of Hungarians will not go on a holiday this year, with 70% of this group already missing out on holidays last year, research by online marketplace Jófogás says.
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Car manufacturing and water management are driving cooperation between Hungary and the US state of Indiana, Foreign Minister Péter Szijjártó told MTI by phone from Indianapolis, where he met Secretary of Commerce Jim Schellinger and company executives.
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Economic research institute GKI’s combined gauge of consumer and confidence rose to 10.5 points in July from 9.8 points in the previous month.
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Fully 30% of employees in Hungary have flexible working hours as against 40% in international comparison, according to a survey.
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