HungaryTrends – The week in business and finance
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See below the main business and financial news from the previous week:
ARIA HOTEL BUDAPEST IS ONCE AGAIN THE BEST CENTRAL EUROPEAN HOTEL
Visitors and users could vote for the best Central European hotel on the popular travel website Condé Nast Traveler. Turizmus.com reports that not only the top hotel is a Hungarian one, but there are seven Hungarian hotels in the top 15. Read more HERE.
IMF RAISES GDP GROWTH FORECAST FOR HUNGARY
The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4.0 percent in its fresh World Economic Outlook published on Tuesday. Read more HERE.
AROUND 17 PC OF HUNGARIANS ALWAYS LOOK FOR CHEAPEST PRODUCTS – SURVEY
When making a standard purchase around 50 percent of Hungarians focus on the price to value ratio, 25 percent look for discounted items and 17 percent always buy the cheapest of everything, according to a representative survey made by insurance company Generali. Read more HERE.
BLACKROCK INAUGURATES TECH AND INNOVATION HUB IN BUDAPEST
US-based investment management company BlackRock inaugurated a global technology and innovation hub in Budapest’s GTC White House building. Some 450 people work at the hub which is BlackRock’s second-largest in Europe. Read more HERE.
GOVERNMENT SUPPORTS BMW PLANT IN DEBRECEN WITH HUF 12.3 BN GRANT
Hungary’s government on Friday signed a contract on 12.3 billion forints in state support for a 1 billion euros plant German carmaker BMW is building in Debrecen, in eastern Hungary. Hungary will see a manifold return on the grant money, Péter Szijjártó, the minister of trade, said. Read more HERE.