The achievements of Hungary's successful economic policy are also beginning to be felt in everyday life stated Prime Minister Viktor Orbán on Friday. During his interview on Kossuth Radio’s morning show, he explained: almost 4 million people are employed, 235 thousand more than in 2010, when the previous government left office.
The volume of investments in the national economy increased by 9.8% in the 3rd quarter of 2013 compared to the same period of the previous year. Expansions were recorded in most sections.
This year HITA, the Hungarian Investment and Trade Agency awarded Hungary's best exporters in six categories: Best "Conscious Exporter": Loxon Solutions Zrt. (banking and risk management softwares); "Largest Smallest" Exporter (for companies employing not more than 10 employees): Admatis Kft. (space technology); Best "Regional Strategist": WebEye International Kft. (innovative GPS applications); Best "Determinant" Exporter: Naturtex Kft (home textiles); Most Innovative Exporter: 3DHISTECH Kft. (digital pathological device); Successful Woman Exporter of the Year: Gertrúd Borbíró, CEO of Cosmed Kft. (cosmetics).
Wall Street Journal
Hungary's central bank said Monday that it will raise the maximum amount available under its cheap loan program to small firms and expand the program in additional ways to further help boost economic growth.
Hungary's central bank chief on Thursday called on the EU's economic affairs commissioner to resign, saying a policy of austerity rather than investment to shore up the eurozone was "mistaken" and risked ushering in deflation.
Hungary's biggest bank OTP is interested in any bank that could come up for sale including German state-backed lender BayernLB's troubled Hungarian unit MKB, OTP's chief executive was quoted as saying in business magazine Forbes in an interview published on Thursday.
In September 2013, Hungary’s foreign trade turnover continued to gain momentum: exports and imports soared by 12.7 percent and 11.7 percent, respectively, in comparison to the corresponding period of the previous year. Foreign trade surplus increased to EUR 830 million.
Hungary’s manufacturing purchasing manager index (PMI) rose to 52.6 points in November, after dropping to 51 points in October, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) has reported on Monday. The index has been indicating expansion, i.e. it is above the 50-pt mark, for the fourth time in a row.
While winemakers in a number of western Europe appellations – most particular Bordeaux – are complaining of poor grape harvests this year, vineyards in Hungary’s Tokaj hills – famous for their sweet dessert ‘aszu’ wines – have enjoyed one of the best ever seasons.
HCCI President László Parragh and Gov't Spokesman András Giró-Szász speaking at the joint press conference after the Cabinet meeting. Gíró-Szász said the government considers the Chamber a key player of the economy. László Parragh said the Chamber supported the government's economic policy, and pledged further support to its "Opening to the East" policy, the action plan to preserve jobs and SME development projects.