Samsung SDI Expands Battery Plant Near Budapest
Samsung SDI will carry out a 390 billion forint (EUR 1.17m) expansion of its battery plant in Göd near Budapest, creating 1,200 new jobs.
Economy
Almost 2,000 EV purchases subsidized by government funding
The government has provided subsidies for the purchase of almost 2,000 electric vehicles since launching a support programme, state secretary Tamás Schanda said on Thursday.
Consumer price index up 2.8% in September
Hungary’s consumer price index increased by an annual 2.8% in September, while prices were 0.1% higher compared with August, the Central Statistical Office (KSH) said.
Hungary: Budget deficit 30.4%
Hungary’s cash flow-based budget, excluding local councils, ran a 303.6 billion forint (EUR 910.9m) deficit at the end of September, reaching 30.4% of the 998.4 billion full-year target, a preliminary release of data by the Finance Ministry shows.
Serbia lifts Hungarian pork ban
Serbia has reopened its market to Hungarian unprocessed pork after a ban was placed due to African swine fever (ASF) being detected in the country in April 2018, the farm ministry said.
European Competence Centre of Sanofi to be Established in Budapest
Sanofi is to create a competence centre called Centre of Excellence in Budapest. Initially, 100 persons will assist the subsidiaries of Sanofi in the field of accounting, HR and finance in seven languages in the latest Hungarian unit of the leading French pharmaceutical company, however, the centre will be expanded to 350 persons by 2022.
Trade surplus EUR 204 M in July
Hungary’s July trade surplus was 204 million euros in a second reading of data released by the Central Statistical Office (KSH).
Thyssenkrupp breaks ground for HUF 17.4 BN camshaft plant
The German thyssenkrupp corporation, which is constructing a 17.4 billion forints (EUR 43.8m) camshaft plant in Pécs, held its groundbreaking ceremony on 2 October 2019.
GS Yuasa inaugurates EV battery plant in Miskolc
Japanese vehicle battery manufacturer GS Yuasa inaugurated a 9 billion forint (EUR 26.9m) lithium battery plant in Miskolc, in north-eastern Hungary.
Hungary: unemployment rate stable at 3.4%
Hungary’s three-month rolling average jobless rate reached 3.4% in June-August, unchanged from the previous three-month period and down from 3.7% twelve months earlier, the Central Statistical Office (KSH) said.