HungaryTrends – The week in business and finance
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See below the main business and financial news from the previous week:
HUNGARIANS BUY A NEW CAR IN EVERY THIRD MINUTE
14,192 new cars went into circulation in June. In fact, this number is 30.6 pc higher than it was in 2017 June. Based on the first 6 months of the year the growth was 29 pc higher compared to the first half of 2017. Read more HERE.
1200 EUROS PER SQUARE METRE – THE REAL ESTATE MARKET HAS GONE CRAZY IN BUDAPEST
Business online Forbes reports, based on data published by Duna House, that the prices will keep on getting higher on the real estate market in Hungary. The prices have gone highest in the capital city, where the average price hits 400 thousand forints (1200 euros) per square metre. Read more HERE.
TERRIBLE PRESENT AND FUTURE! HUNGARIAN SKILLED WORKERS MOST LIKELY TO WORK ABROAD
Single male skilled workers aged between 20 and 39 represent the largest group of Hungarians who plan to work abroad, business daily Világgazdaság reported on Friday. Read more HERE.
ORBÁN AND MERKEL DISCUSS OPPORTUNITIES FOR COOPERATION
Prime Minister Viktor Orbán and German Chancellor Angela Merkel held talks in Berlin as part of Orbán’s official visit discussing a variety of topics ranging from economic cooperation to border security. Read more HERE.
GIANT GLOBAL GROUP TO BUILD EUR 46.2M BICYCLE PLANT IN N HUNGARY
Taiwanese bicycle manufacturer Giant Global Group will build a 15 billlion forint (EUR 46.2m) plant in Gyöngyös, northern Hungary, a state secretary of the foreign ministry said. The plant will have capacity to make 1 million bicycles a year.