HungaryTrends – The week in business and finance

See below the main business and financial news from the previous week:

HOW TO CONVINCE EXPAT HUNGARIANS TO RETURN TO HUNGARY? 

Based on the official data, around 80 thousand Hungarians are working abroad, but based on Portfolio’s data, almost 300 thousand. Pénzcentrum did a quick survey, with the aim of finding some reasons that could make these Hungarians return to their home country. Read more HERE.

CHAMPAGNE AND SPARKLING WINE WORLD CHAMPIONSHIPS: HUNGARIANS REACH GREAT RESULTS! 

Hungarian sparkling wines won over the Champagne and Sparkling Wine World Championships, with our wines enlisted at Muscats du Monde 2018, according to Szeretlekmagyarország.hu. Read more HERE. 

EVER-GROWING HUNGARIAN REAL ESTATE PRICES DO NOT SEEM TO DECREASE 

Portfolio.hu examined whether real estate prices in Budapest can be subject to either positive or negative change in the near future. Here is what they found out! Read more HERE. 

EC CONFIRMS 4 PC HUNGARY GDP GROWTH FORECAST IN 2018

The European Commission confirmed its earlier projection for Hungary’s GDP growth this year of 4 percent in its Summer Interim Forecast. The EC put 2019 GDP growth at 3.2 percent, also confirming its previous, spring forecast published in May. The Commission raised its growth forecast for both years in May. Read more HERE.

BOSCH TO EXPAND BUDAPEST DEVELOPMENT CENTRE FOR EUR 11.4M

German engineering giant Bosch laid the cornerstone for a 37 billion forint (EUR 11.4m) expansion of its Budapest development centre. The investment, scheduled to be completed in 2021, will add 90,000sqms to the area of the facility. Read more HERE.