Public debt at 68.7% of GDP at End-Q2
Hungary’s public debt stood at 68.7% of GDP at the end of June, down from 70.0% of GDP at the end of March, the National Bank of Hungary said concerning preliminary data of Hungary’s financial accounts.
Economy
Hungary’s industrial output down 1.4% in June
Industrial output in Hungary dropped by an annual 1.4% in June, according to unadjusted data, the Central Statistical Office (KSH) said in a second reading of data.
Hungary expects 10% annual growth in tourism sector
Hungary is expected to report a 10% growth rate in its tourism sector for the full year of 2019 which is above the EU average, the head of the Hungarian Tourism Agency said.
Richterʼs Cariprazine Cleared in Singapore, Thailand
Hungarian pharmaceutical company Richter Gedeon announced on the 8th of August, that subsidiaries of its business partner Mitsubishi Tanabe Pharma Corporation have obtained regulatory approval for the use of Richterʼs antipsychotic cariprazine for the treatment of schizophrenia in Thailand and Singapore.
Formlabs Establishes Its Software Development Centre in Budapest
Formlabs, which makes professional 3D printers and produces basic materials for 3D printing alongside its related services, will open its new centre in Budapest with a focus on printer software development.
Bumchun Builds Its First Plant Abroad in Salgótarján
Bumchun chose Hungary for its first manufacturing plant outside South Korea, which will produce aluminium jacks for electric car batteries.
Toray Starts Another Major Investment in Hungary
The investment of EUR 408 million will create 188 new jobs, mostly with high added value.
Fuel prices to rise
According to MTI, MOL Nyrt is about to rise diesel fuel prices on Friday, 19 July 2019. The price of petrol remains the same.
European Car Sales Fall By 8% in June
European new-car sales fell 7.9 percent in June, with big declines for Nissan, Volvo, Honda and Fiat Chrysler Automobiles.
Europe Car Sales Extend Downward Spiral With Worst Drop of 2019
European car registrations fell sharply in June, resuming a downward spiral that adds to the industry’s litany of woes.