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July 2017

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GKI economic sentiment index July 2017 | source: GKI

New economic sentiment index

D&T
Jul 31, 2017

GKI's economic sentiment index and the business confidence index have never been as high as now so far during its more than twenty years of history. The empirical survey was conducted by GKI with the support of the EU.

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Success, passion and commitment

D&T
Jul 31, 2017

Grupo Iberostar, one of the most important Spanish companies in the world, celebrated 60 years of history. Six decades working with its customers and employees on a journey has positioned it at the forefront of the industry with hotels in 16 countries.

| Shutterstock.com

Industrial prices are up in Hungary

D&T
Jul 31, 2017

According to newly published figures by the Hungarian Central statistical Office, industrial producer prices as a whole were 1.5% higher in June 2017 than in the same period of the previous year. Domestic output prices increased by 3.2% on average.

Budapest | Sándor Laczkó

Apartment prices soar in Budapest

D&T
Jul 28, 2017

In 2016, the price of apartments for sale increased by 13% year on year, and the rise in new home prices also exceeded 10% in Hungary. During the first quarter of 2017, the price increase continued in the real estate market.

Leier master ceiling | source: Leier Hungária

Leier expands Hungarian plant

D&T
Jul 28, 2017

Leier Hungaria Ltd., the Hungarian subsidiary of Austrian construction industry group Leier, is spending HUF 7 billion (EUR 23 million) on expanding its six Hungarian construction material plants, creating a hundred new jobs.

HübnerH Ltd. facility in Nyíregyháza | source: hubner-group.com

Hübner expands in Nyíregyháza

D&T
Jul 27, 2017

German-owned Hübner Ltd. will expand its vehicle industry production facility in Nyíregyháza, NE Hungary with an investment of HUF 3.4 billion (some EUR 11 million), quarter of which is provided as subsidy by the Hungarian government.

| Pixabay.com

Hungary issues bonds in China

D&T
Jul 26, 2017

Hungary is the latest country to enter the Chinese onshore capital markets, raising Rmb 1 billion in a three-year panda bond, the Financial Times reports.Thus, ut is the first country to have issued both offshore and onshore renminbi-denominated debt.

Hungarian defense minister at the Kiss József Helicopter Base | Károly Árvai /kormany.hu

Hungarian government to reinforce the army

D&T
Jul 26, 2017

“It is the Government’s decided goal to reinforce the Hungarian Defence Force, which guarantees Hungary’s security”, the Minister of Defence István Simicskó said at an event to mark the major refurbishment of the army’s fleet of Mi-17 transport helicopters.

Shopping | 123RF.com

Retail sales growth trend continues

D&T
Jul 25, 2017

According to a report by the Hungarian Ministry for National Economy, the volume of retail sales grew dynamically, by 6% year-on-year, in the month of May 2017. Thus, the sector has been expanding for 47 months in a row.

The Matild Palace in Budapest | source: Özyer Group

Özyer Group - Marriott deal in Budapest

D&T
Jul 25, 2017

Özyer Group has announced that it signed an agreement with Marriott International to launch the acclaimed Luxury Collection brand in Hungary with Matild Palace, a Luxury Collection Hotel expected to open in Budapest in early 2019.

| Dávid Harangozó

Ljubljana Square inaugurated in Budapest

D&T
Jul 25, 2017

As of this Tuesday, an area in Budapest's 11th district is called Ljubljana Square. The inauguration ceremony was attended by the Mayor of Budapest, István Tarlós; Slovenian Ambassador Ksenija ©krilec and the Mayor of Ljubljana, Zoran Jankoviæ.

Budapest Airport | source: bud.hu

EBRD in financial restructuring of Budapest airport

D&T
Jul 24, 2017

The European Bank for Reconstruction and Development (EBRD) is taking part in a financial restructuring of Budapest Airport Co. Ltd. with the aim to attract greater international investment and improve the airport’s operational performance.

| americanexpress.com

Corporate bank cards increase in number

D&T
Jul 24, 2017

The market for business bank cards in Hungary has grown steadily over the last two years, according to statistical figures published by the National Bank of Hungary. It is while the total market has virtually stagnated according to the number of units.

| Shutterstock.com

Invitel Telecom to be purchased by Digi

D&T
Jul 24, 2017

Romanian telecom operator Digi Communications is to buy Invitel Telecommunications Co. Ltd., one of the key operators on Hungary’s telecom market, for EUR 140 million. The transaction will be carried out through Digi’s Hungarian subsidiary.

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