Around 52% of large Hungarian companies are planning to make investments within a year, K+H Bank told MTI on Thursday based on a third quarter survey. According to the financial institution's third-quarter survey, the most popular area of investment is production machinery, with a 22% share, which is a 4 percentage point increase compared to […]
Stable diplomatic relations have brought tangible economic benefits, while key areas of business cooperation between the two countries have further expanded. That is according to Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), following last week’s Hungarian–U.S. meetings in Washington, D.C. The CEO was part of the Hungarian government delegation there. He […]
The Hungarian economy is once again strengthening in a strategic sector, with developments affecting the medical technology and pharmaceutical industries, according to István Joó, government commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), the agency informed MTI on Wednesday. He spoke at the groundbreaking ceremony for SCHOTT Hungary Ltd., which manufactures glass packaging […]
Feintool, a Swiss-owned leader in precision electrical steel and formed steel components manufacturing, is investing EUR 34.1 million to expand its Tokod facility in Hungary’s Esztergom district. The project will add 6,740 square meters to the existing plant, with the new production unit is scheduled to start production by late 2025, the Hungarian Investment Promotion […]
In the 4th quarter of 2022 the volume of investments decreased by 6.3% compared to the same period of the previous year, and lessened by 5.5% compared to the previous quarter (seasonally adjusted), the Central Statistical Office reports. The investment volume has been shaped by a decrease in the budgetary, the households’ and also in […]
Hungarian economic growth continued to slow in the third quarter of the year. Analysts expect further weakness in the coming couple of quarters as negative impacts amplify the drag on growth Economic growth in Hungary slowed from 6.5% in Q2 to 4% in July-September on an annual basis, below forecasts. The nation’s economy contracted 0.4% […]
Most Central and Eastern Europe (CEE) economies have seen faster recoveries post COVID than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half […]
The construction, operation, financing, development and acquisition of commercial property in 2022 and beyond will continue to be impacted by the price of fuel, energy and construction materials. This will be combined with challenges in the supply chain, the nearshoring of operations and rapidly rising inflation, culminating in a direct effect on sale prices and […]
The European Investment Bank Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), increased its investments in Hungary in 2021 and provided EUR 891 million to the local economy, a record volume of investment in the past five years. The EIB increased the volume of its operations in Hungary for […]
In the 3rd quarter of 2020, investments in Hungary decreased by 12% compared to the same period of the previous year and by 2.1% in comparison with the previous quarter. Based on raw data published by the Central Statistical Office, investments declined in most sections, however in relation with the pandemic situation in healthcare they […]
Despite investor appetite remaining strong for the Central and Eastern European (CEE) region, year-end volumes are likely to reach EUR 10-11 billion, appr. 20% lower than in 2019, Colliers International reveals. Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first three quarters of 2020 at appr. EUR 8 billion. Poland attracted […]
The aluminum processing company Howmet-Köfém Plc. has laid the cornerstone of its new factory in Székesfehérvár, SW of Budapest. With the new facility, the company will significantly increase its production capacity for die-cast aluminum Alcoa Wheels, the company’s lightest heavy-duty truck and bus wheel. The investment totals HUF 9.26 billion and the Hungarian government will […]
Last year, the Republic of Korea overtook Germany as the top source country of foreign direct investments in Hungary. The Korean Ambassador Kyoo Sik Choe explains to Diplomacy&Trade the reasons behind this development. He also talks about the handling of the COVID-19 pandemic in his country and how much he appreciates the sympathy of Hungarians […]
In the second quarter of 2020, the national economy’s investments further decreased, the volume of developments lagged 9.9% behind, compared to the same period of the previous year. As the Central Statistical Office reports, most sections of the national economy contributed to this trend. The investments of the budgetary units declined in a larger degree […]
Investments in the Hungarian economy surged by 18.8% in the second quarter of 2019 from a year earlier, driven by the private sector, according to data from the Central Statistical Office. The figure represents a 4.1% increase versus the first quarter. Dynamic growth rates were recorded in 15 out of 19 sectors. A 31% increase […]
