German enterprises have so far invested some EUR 21bn in Hungary, and that places Germany at the very top among foreign investors in Hungary, Minister for National Economy Mihály Varga said an event held to commemorate the 20th anniversary of the establishment of the German-Hungarian Chamber of Industry and Commerce in Budapest. He added that Hungarian exports to Germany had also passed the EUR 20bn mark for the first time.
On Monday, the founding session of the Hungarian-South African Economic Joint Committee was held in Pretoria, South Africa. The Hungarian Co-Chairman of the Committee is Secretary of State Kristóf Szatmáry, while his South African counterpart is Deputy Minister of Trade and Industry Elizabeth Thabethe.
National Tobacco Sales Nonprofit Ltd. has put out a new tender for tobacconists who were not granted a concession in a recent bid, Minister of State for National Development at the Ministry of National Development János Fónagy announced on Tuesday.
In comparison to the previous month, seasonally and workday-adjusted data indicate that the volume of industrial production increased by 0.4 percent, and thus this sector’s performance improved for the third consecutive month. According to workday-adjusted data, in comparison to the corresponding period of the previous year, industrial output declined by 0.7 percent in March 2013.
In the month of April 2013, the central sub sector of the state budget registered a monthly deficit of 35.0bn HUF. Within that, the central state budget posted a deficit of 79.4bn HUF, and extra budgetary state funds and Social Security Funds registered surpluses of 8.5bn HUF and 35.9bn HUF, respectively.
In line with Government expectations – and according to the flash report of the Hungarian Central Statistical Office (KSH) – the Hungarian economy expanded by 0.7 percent compared to the previous quarter.
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