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The week in Hungary’s business and finance
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Following are the past week’s business and finance news highlights compiled by the Hungarian News Agency
MEDICOR BUILDING HUF 800 M PLANT IN TURKEY
Hungary’s Medicor, which makes neonatal incubators, is building a 800 million forint plant in Ankara. Peter Szijjarto, the minister of foreign affairs and trade, also announced an agreement between Magyar Eximbank and its Turkish counterpart on financing a 100 million US dollar order to supply radiology equipment to seven oncology centres in Ghana.
EC PROJECTS 4 PC GDP GROWTH IN HUNGARY IN 2021
The European Commission projected Hungarian GDP growth of 4 percent this year. “The current containment measures … will remain a drag on GDP growth in the near-term,” the report said, adding that the manufacturing sector “faces supply chain disruptions, which could hinder production in the short-term.”
FEED-IN TARIFF TENDER WINNERS TO ADD 210MW OF SOLAR PARKS
The 36 winners of a feed-in tariff tender, Hungary’s second, will build solar parks with a capacity of 210MW, enough to power 160,000 homes, The Hungarian Energy and Public Utilities Regulatory Office (MEKH) said.
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The average feed-in tariff was 22.35 forints per kWh for solar parks with capacity under 1 MW and 17.22 forints per kWh for solar parks with bigger capacity.
NOLATO TO INVEST HUF 7.7BN IN CAPACITY EXPANSION