Roads planned to be revamped in Hungary revealed
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Hungary’s public road maintenance company Magyar Közút plans to revamp over 1,000km of roads by the end of this year, the company said on Friday.
A comprehensive revamp of some 523km of mostly secondary roads has already been completed and work is under way on another 492km, the statement said. The projects involve not only replacing the road surface but also strengthening or rebuilding the foundation layers where necessary, tidying up roadside ditches and water furrows and renewing road markers and signs where necessary.
The company has drawn central budget and European Union funding for the work.
Hungary’s industrial output grew
Industrial output adjusted for the number of working days grew by an annual 4.8 percent in June after an increase of 3.4 percent in May, according to a second reading of data the Central Statistical Office (KSH) published on Friday. Unadjusted output was up 1.5 percent, slowing from 9.4 percent in May. Output of the automotive industry in June, Hungary’s biggest manufacturing sector, grew by 2.9 percent year on year.
The detailed data show output of the computer, electronics and optical equipment segment increased by an annual 4.9 percent. Output of the food, drinks and tobacco segment increased by 9.3 percent. Month on month, output in June rose by 0.6 percent based on seasonally and working day-adjusted data. In January-June, industrial output grew by an annual 5.1 percent. Industrial sales rose by an annual 4.4 percent in June. Export sales increased by 2.7 percent and domestic sales by 7.1 percent. In absolute terms, industrial sales were worth 5,827 billion forints, with exports accounting for 61 percent of the total.