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HungaryTrends – The previous week in business and finance
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See below main business and financial news from the previous week:
HUNGARY HOLIDAY RETAIL SALES TO HIT NEW RECORD
Holiday retail sales in Hungary are set to reach a new record, exceeding 1,200 billion forints (EUR 3.6bn), with over 100 billion forints spent on gifts, the head of the National Commerce Association (OKSZ) said.
Forbes: The top 50 wealthiest Hungarians in 2019
This is the sixth time that the top fifty wealthiest Hungarians are revealed at the end of the year. Not many changes happened in the top 10, but there are some new ones on the list and some surprises as well. Read more HERE.
CONSTRUCTION OF 403 KM STRETCH OF TURKSTREAM PIPELINE IN SERBIA COMPLETED
The construction of a 403 km stretch of the TurkStream natural gas pipeline in Serbia was announced on Wednesday morning. In a statement issued by the foreign ministry on Wednesday, Szijjarto welcomed the announcement, saying that Hungary was taking preparatory steps for the project in line with plans.