Hungary’s exports grew by an annual 6.1% to 10.285 billion euros in September, while imports declined by 0.8% to 9.144 billion, according to a second reading of data released by the Central Statistical Office (KSH).
In spite of ructions in the global economy, Hungary is benefiting from bumper foreign direct investments, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday, announcing a new investment by Continental Automotive Hungary.
The government has ordered local councils not to increase local and municipal taxes next year.
Car parts manufacturer SEWS Komponens es Elektronika Europa is investing 2.75 billion forints to expand production capacity at its base in Mór, in western Hungary, with a 960 million forint grant from the government, Péter Szijjártó, the minister of foreign affairs and trade, said on Monday.
Information technology giant IBM is starting a 3.5 billion forint (EUR 9.7m) development of its IT centre in Székesfehérvár, in central Hungary, Péter Szijjártó, the minister of foreign affairs and trade, has said.
Wage growth in Hungary slowed to an annual 8.8% on average in September from 9.1% in August, the Central Statistical Office (KSH) has said. In absolute terms, the average gross monthly wage for full-time employees stood at 392,300 forints (EUR 1,080).
The government will provide a further 61 billion forints (EUR 168.6m) in subsidies to businesses committing to carrying out developments while retaining their workforce, Péter Szijjártó, the foreign affairs and trade minister, said over the weekend.
The three-month rolling employment figure in August-October was down 0.8% at 4,482,000 from the same period a year earlier, the Central Statistical Office (KSH) said on Friday.
Opposition LMP has called on the government to “come clean” and reveal how much funding it is planning to “take away from local councils”.
According to holtankoljak.hu, the price of petrol and gas oil is going up on Friday (27th November).