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Finance trends in Hungary: automotive and construction sector, budget, labour market and investments
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See below MTI’s main business and financial news from the previous week:
HUNGARY CPI FALLS TO 1.9 PC IN JUNE
Consumer prices in Hungary rose by an annual 1.9 percent in June, the Central Statistical Office said. The inflation rate slowed from 2.1 percent in May and was slightly under analysts’ estimate for a CPI of 2.0 percent.
AUTOMOTIVE SECTOR LIFTS INDUSTRIAL OUTPUT IN MAY
Output of Hungary’s automotive sector, a key driver of industry in the country, rose by an annual 10.7 percent in May, a second reading of data for the month released by the Central Statistical Office shows. The increase followed an 8.6 percent decline in the sector in April. Read more HERE.
HUNGARY CONSTRUCTION SECTOR OUTPUT JUMPS 35 PC IN MAY
Output of Hungary’s construction sector rose by an annual 35.4 percent in May, data released by the Central Statistical Office (KSH) show. KSH noted that the jump came from a low base.
EIB LENDS MAGYAR EXIMBANK EUR 400 M
The European Investment Bank (EIB) signed an agreement on a 400 million euro loan to Magyar Export-Import Bank (Eximbank) which will be used to finance preferential loans for SMEs and mid-caps in Hungary.
CEVA-PHYLAXIA INAUGURATES EUR 25 M VACCINE PLANT IN BUDAPEST
French-owned veterinary company Ceva-Phylaxia inaugurated a 25 million euro vaccine plant in Budapest. The investment will increase annual production capacity at its base in the capital by a factor of six to 3 million units.