Fuel prices to drop
According to MTI, MOL Nyrt is about to drop fuel prices on Friday, 18 October 2019.
Economy
Guest nights up 1.6% in August
Guest nights at commercial accommodations in Hungary rose by 1.6% year on year to 4,634,000 in August, the Central Statistical Office (KSH) said.
Intensive Development to be Launched in the Miskolc Factory of Joyson Safety
Another investment is being launched in the Hungarian factory of Joyson Safety Systems. By maintaining the current headcount, under the EUR 50 million project efficiency is being improved and production volume is being increased by installing new machinery and manufacturing.
Samsung SDI Expands Battery Plant Near Budapest
Samsung SDI will carry out a 390 billion forint (EUR 1.17m) expansion of its battery plant in Göd near Budapest, creating 1,200 new jobs.
Almost 2,000 EV purchases subsidized by government funding
The government has provided subsidies for the purchase of almost 2,000 electric vehicles since launching a support programme, state secretary Tamás Schanda said on Thursday.
Consumer price index up 2.8% in September
Hungary’s consumer price index increased by an annual 2.8% in September, while prices were 0.1% higher compared with August, the Central Statistical Office (KSH) said.
Hungary: Budget deficit 30.4%
Hungary’s cash flow-based budget, excluding local councils, ran a 303.6 billion forint (EUR 910.9m) deficit at the end of September, reaching 30.4% of the 998.4 billion full-year target, a preliminary release of data by the Finance Ministry shows.
Serbia lifts Hungarian pork ban
Serbia has reopened its market to Hungarian unprocessed pork after a ban was placed due to African swine fever (ASF) being detected in the country in April 2018, the farm ministry said.
European Competence Centre of Sanofi to be Established in Budapest
Sanofi is to create a competence centre called Centre of Excellence in Budapest. Initially, 100 persons will assist the subsidiaries of Sanofi in the field of accounting, HR and finance in seven languages in the latest Hungarian unit of the leading French pharmaceutical company, however, the centre will be expanded to 350 persons by 2022.
Inauguration of GS Yuasa Plant in Miskolc is a Milestone in Hungarian Electromobility
GS Yuasa’s first factory on the European continent is now complete. Through its EUR 28.8 million plant in Miskolc, the Japanese battery producer will supply its European automotive partners manufacturing electric vehicles (EV) with lithium-ion resources, further strengthening Hungary’s position in electromobility.