Negotiations on the acquisition of government ownership at the local airport have not yet started – the mayor of Debrecen declared on Thursday in connection with a government decree that the Hungarian state would acquire 51 important shares in the company operating Debrecen airport.
Retail sales in Hungary fell by an annual 2.4% in October as vehicle fuel and non-food sales dropped, the Central Statistical Office (KSH) said. Adjusted for calendar year effects, retail sales declined by 1.9%. Adjusted food sales rose 1.2%, while non-food sales dropped by 1.2% and vehicle fuel sales fell by 10.5%.
Péter Szijjártó, Hungary’s minister of foreign affairs and trade, on Thursday signed an agreement with the heads of Schneider Electric concerning an upgrade of the electronics company’s plants in Hungary.
A government decision has been published in the Magyar Közlöny, which informs that in order to promote economic development and tourism goals, the Hungarian state will acquire a 51% ownership share in the Debrecen International Airport Limited Liability Company owned by the Debrecen Municipality and Debrecen Asset Management Ltd. The decision, signed by Viktor Orbán, […]
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).
