BMW Factory: A New Era of Electromobility Begins in Debrecen
More than ten buildings will be built on BMW’s 400-acre area site in the Northwest Economic Zone of Debrecen. In early 2022, construction will begin.
Economy
Debrecen Achieved Outstanding Results on the Emerging Europe Rankings
Debrecen is becoming more and more well-known on the international stage, and this is a recognition of the city’s work, Deputy Mayor Lajos Barcsa said.
New Technologies to Boost Hungarian Economy
Hungary aims to attract the development and manufacture of new technologies spearheading global industrial trends with a view to boosting the Hungarian economy, the minister of innovation and technology said on Friday.
Varga Details Tax Rebates for Parents Raising Children
Finance Minister Mihály Varga revealed details of tax rebates for parents raising children in a video message posted on Facebook. Varga said the rebates to be paid early next year would go to all parents eligible for family benefits.
“13th Month Pensions Will Be Restored as Quickly as Possible”
Viktor Orbán, in an interview to public radio on Friday, said the government was “fighting” to restore 13th month pensions as fast as possible so that rather than phasing it in over several years it would be reintroduced in one go next year.
Budget Deficit HuF 1,900.7 BN in August
Hungary’s cash flow-based budget deficit, excluding local councils, was 1,900.7 billion forints (EUR 5.4bn) at the end of August, the Finance Ministry confirmed in a second reading of data. hungarymatters.hu pixabay
Central Bank Raises Base Rate to 1.65%
Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.65% at a scheduled meeting on Tuesday.
Danubius Occupancy Over 80% at Wellness Hotels
Occupancy rates at Danubius Hotels’ all-inclusive wellness hotels and accommodations around Lake Balaton were over 80% for the whole summer, the company said.
Magyar Suzuki Restarts Production
Japanese car maker Suzuki is restarting production at its plant in Esztergom, northern Hungary, on Monday, after a two-week shutdown due to supply chain interruptions, Magyar Suzuki told business daily Világgazdaság.
Rail Cargo Group to Operate Regular Freight Trains to China
Rail Cargo Operator and Rail Cargo Hungaria will operate regular express freight trains running from Budapest to China, carrying Hungarian export products.