Before the Coronavirus: Construction Sector Output Grows 2.5% in February
Output of Hungary’s construction sector grew by 2.5 percent year-on-year in February, data released by the Central Statistical Office (KSH) on Thursday show. Output of the building segment was up 1.6 percent, while civil engineering output increased by 4.2 percent....
Coronavirus: Gov’t to Launch New Export Support and Investment Promotion Scheme
Hungary’s government will introduce a new export support and investment promotion programme, the foreign affairs and trade minister said after a cabinet meeting on Wednesday. The scheme will see Hungary’s Eximbank launch three new products for businesses, Péter...
Carmakers Ready to Restart Production in Hungary
Carmaker giant Opel’s plant in Szentgotthárd, western Hungary, is prepared to restart production after stepping up health safety measures, with the timing depending on the situation of the automotive industry market and possible further restrictions to contain the...
Government Allocates HuF 9,200 BN for Economic Protection
A total of 9,200 billion forints (EUR 25bn) will be available in the years ahead to mitigate the economic effects of novel coronavirus in Hungary, with an emphasis on protecting the labour-based economy, the minister of innovation and technology has said. The...
