See below the main business and financial news from the previous week:
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.
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.
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.
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.
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.
In 2018 Q1 the net lending of the Hungarian economy increased due to the rising absorption of EU transfers. As a result of the net savings position and FDI inflows, the country’s external debt indicators continued to decline, further reducing the external vulnerability of the economy, NBH said in a quarterly Balance of Payments report.
Hungarian banks signed contracts for 76 billion forints (EUR 234m) of new home loan outlays to retail clients in May, 24 percent more than in the same month a year earlier, and 11 percent more than in April, data released by NBH shows.
Members of the China-East-Mid-European Interbank Association decided to set up a coordination centre for efficient cooperation at a board meeting in Sofia, state-owned Hungarian Development Bank (MFB) announced. The centre will be operated by MFB in Budapest. Read more HERE.
Hungary’s budget ran a deficit of 115.5 billion forint (EUR 355.5m) in the first quarter of 2018, equivalent to 1.1 percent of GDP, according to preliminary figures published by the KSH.
Featured image: MTI