Hungary's Vitafort is building three feed mix plants and other investments worth a combined USD 9m in Laos, said CEO Zoltan Kulik on Thursday.
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Hungary had a EUR 564m trade surplus in June 2010, up from a downward revised EUR 398m trade surplus in May and a EUR 317m surplus a year earlier, the Central Statistics Office (KSH) said in on Wednesday. The figure is down just EUR 3m from a first reading published on August 6.
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Investment volume in Hungary dropped 4.9pc year-on-year in the second quarter of 2010, and was down by a seasonally adjusted 0.6pc from Q1, the Central Statistics Office (KSH) said on Tuesday. Investment volume has been declining yr/yr for the tenth quarter in a row, and a quarter-on-quarter rise in Q1 proved temporary.
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Swiss fragrance and flavours maker Givaudan said it intends to build a CHF 170 million best-in-class, centralised savoury flavours production facility in Hungary, in close proximity to the fast-growing markets of Eastern Europe.
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French-owned RAGT Semences will soon start building a planting seed processing and packaging plant in the Morahalom industrial park (SE Hungary), company director Didier Nury said on Monday.
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The electronics manufacturing industry is has the biggest growth potential among Hungary's industries and contributes at least 15pc of Hungary's GDP, including spillover effects on other GDP generating sectors, the American Chamber of Commerce (AmCham) in Hungary estimated in a report published on last Thursday.
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The National Bank of Hungary (NBH) predicts that Hungary will record inflation of 3.6pc in the fourth quarter of 2010 and 3.3pc in the first quarter of 2011, the NBH said in its quarterly inflation report on Wednesday morning.
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On 22 July 2010, the Hungarian Parliament passed amendments relating to personal income tax as follows.
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One-third of this year's fruit and vegetable harvest has been lost in Hungary due to adverse weather conditions, with losses of up to 80pc in the case of certain crops, head of Hungary's Fruit and Vegetable Council (FruitVeb) Jozsef Szabo told MTI on Thursday.
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Hungary has joined eight other European Union member states to lobby the European Council and the European Commissioner for Economic and Monetary Policy to take into account the cost of earlier pension reforms in reviews of state spending, the National Economy Ministry told MTI on Tuesday.
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