HungaryTrends – The previous week in business and finance – 26th week
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Following are the week’s top business and finance news:
Hungary among the cheapest EU states
If we are looking at food prices, Hungary is one of the cheapest countries in Europe, according to Eurostat statistics. However, life is not so cheap once we take into consideration how much the average salaries are. Details HERE.
MAGYAR SUZUKI RAMPS UP PRODUCTION TARGET TO 185,000
Magyar Suzuki plans to produce 185,000 cars in Esztergom, in northern Hungary, this year, above 179,000 first targeted. Last year, the Esztergom plant turned out more than 172,000 vehicles.
HUNGARY WHEAT HARVEST FORECAST AT 5 M TONNES
A farm ministry official said Hungary’s wheat harvest is expected to amount to 5 million tonnes this year, a little short of 5.25 million last year.
Hungary’s unemployment rate at its lowest point!
Hungary’s three-month rolling average jobless rate was 3.4 percent in March-May, edging down from 3.5 percent in the previous three-month period and down from 3.7 percent twelve months earlier, read more HERE.
AVL BUILDING 38.8 MILLION EUROS DEVELOPMENT CENTRE IN HUNGARY
Austrian engineering company AVL laid the cornerstone of a 12.5 billion forint regional development centre in Érd, on the outskirts of Budapest. The government’s 3 billion forint grant will help the investment create 350 jobs.