Retail Sales Fall 2.6% in January – KSH
Retail sales in Hungary fell by an annual 2.6% in January, the Central Statistical Office (KSH) said.
Economy
Vitesco Technologies’ plant in Debrecen will create 450 new jobs
Vitesco Technologies’ plant, built in Debrecen with an investment of 100 million euros (approximately 36 billion forints), has started operating in Debrecen, which is planned to create 450 jobs by mid-2022, said the company owned by the Continental Group.
Hungary GDP Falls 3.6% in Q4, 5% in Full Year
Hungary’s economy shrank by an annual 3.6% in the fourth quarter of 2020, slowing from a 4.6% decline in Q3, the Central Statistical Office (KSH) said.
Autoflex-Knott Gets State Grants for Upgrade in Hungary, Expansion in US
The government is awarding Autoflex-Knott, which makes parts for trailers, grant money to support an upgrade of its plant in Kecskemét, in central Hungary, and to set up a manufacturing base in the United States, Péter Szijjártó, the minister of foreign affairs and trade, said.
Local government: Debrecen reached a huge success
The world has acknowledged that Debrecen is the center of the Central and Eastern European region, the municipality said.
Investment Growth Returns in Q4
Investment volume in Hungary rose by an annual 2.5% in the fourth quarter of last year, after three consecutive quarters of declines, supported by public sector and household investments, data released by the Central Statistical Office (KSH) show.
Hungary Development in Uganda Enters Final Phase
Hungarian companies are about to complete the development of a security system in Uganda, the largest Hungarian development project abroad, the minister of foreign affairs and trade said.
Stellantis to Upgrade Engine Plant in Western Hungary
Car manufacturing conglomerate Stellantis will upgrade its plant manufacturing petrol engines in Szentgotthárd, in southwest Hungary, Péter Szijjártó, the minister of foreign affairs and trade.
Rolling Jobless Rate 4.3% in November-January
Hungary’s three-month rolling average jobless rate averaged 4.3% in the Nov-Jan period, up by 0.2 percentage point from the previous month, the Central Statistical Office (KSH) said on Friday.
Wage Growth Up 10.6% in December
Wage growth in Hungary was up at an annual 10.6% in December, up from 8.6% in the previous month, the Central Statistical Office (KSH) said.