In the initial four months of 2012 the volume of industrial production declined by 0.8 percent in comparison to the same period of the previous year, while in the fourth month of the year the decline of output volume was 3.1 percent according to both unadjusted and workday-adjusted statistics. Seasonally and workday-adjusted data on a monthly basis signal a decline of 2.4 percent in the observed period. It is a positive sign however that there was substantial increase in total new orders of the manufacturing industry on an annualized basis. In addition, the already apparent positive impact of the opening of Mercedes plant indicates a brighter future with regard to industrial production.
On 14 June 2012 Mr. György Matolcsy, Minister for National Economy, signed in Budapest a project finance contract of 63 million EUR with the Vice President of the European Investment Bank (EIB), Mr. Wilhelm Molterer.
You might have chosen the wrong version of your article on Hungary (Sickness on the Danube, 9th June 2012, Budapest). We would like to offer you the right article based on solid data and hard facts. Hungary is one of the looming success stories of the emerging new European Rim called Central-Europe.
In order to improve the quality of domestic tourism, the Ministry for National Economy and the Hungarian Hotel and Restaurant Association have signed earlier today a Cooperation Agreement. From 1 July 2012 the classification of hotels is based on the Hotelstars.hu trademark as the national trademark for domestic accommodations.
The Hungarian Central Statistical Office (KSH) has published earlier today GDP data in line with preliminary figures in its detailed release. In Q1 2012 the Hungarian economy – due primarily to negative external market developments – contracted by 0.7 percent.
Wang Xiaochu, Deputy Minister at the Human Resources and Social Insurance Ministry of the People’s Republic of China, has paid a visit to the Ministry of National Economy earlier today, where he met with Sándor Czomba, Minister of State for Employment.
In February the Ministry for National Economy invited tenders from micro-, small and medium sized enterprises aimed at creating new jobs.
Although the number of employed increased by 80 000 altogether in the past two years in Hungary, in several labour market segments further apt measures are required in order to reach EU average figures.
In Q1 2012 the volume of exports increased by 1.6 percent and imports grew slightly less, by 0.9 percent, in comparison to the same period of the previous year. Foreign trade balance registered a surplus of 513bn HUF in the initial three months – according to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning.
Investments in manufacturing were unchanged in the first quarter in comparison to the same period of the previous year after the outstanding increase of the year 2011, but in certain significant sub sectors there was substantial growth – according to the communication of the Central Statistics Office of Hungary (KSH) published earlier this morning.