CORONAVIRUS: Here's the latest
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The International Monetary Fund has forecast Hungary’s GDP growth by 2.8% in 2019, the construction sector output rose by 23.8% in September year-on-year and the industrial sector output grew by 5.4 percent
Hungary's foreign minister said Audi will spend the equivalent of 10 billion HUF on training 1,000 new workers who will be assigned to the production of electric powertrains. They will also invest the equivalent of 100 billion HUF in a new chassis production hall
Mihaly Varga, minister for National Economy, said that the first-quarter figure was “exceptionally good”. He added that the government expected the economy to expand by above 4 percent this year. No analyst or bank had projected such a strong rate of growth
Following a temporary slow-down in January, output in the industrial sector rose by 6.3 percent year-on-year, and thus the sector posted output growth of 3 percent in the first two months of this year. Among major industrial sectors, the largest sub-sector – manufacturing – posted output growth of 7.5 percent in February, compared to the corresponding period of the previous year.