In Q2 2014, Hungary’s GDP was up by 3.9 percent in comparison to the corresponding period of the previous year, the Hungarian Central Statistical Office (KSH) reported on the basis of preliminary data. This has been the highest quarterly GDP growth figure since Q1 2016. Compared to Q1 2014, GDP increased by 0.8 percent.
The number of children receiving government-funded summer meals is up ten percent from last year and the Hungarian Government has spent 2.64 billion forints (EUR 8.4 million) on the summer catering programme for children, Minister of State for Social Affairs and Inclusion Károly Czibere said on Wednesday.
The importance of inter-regional cooperation was something that Gergely Prőhle, representing the Ministry of Human Capacities, emphasised on the 25th anniversary of the dismantling of the Iron Curtain. Austria's president, Heinz Fischer, and Franz Vranitzky, former Chancellor of Austria, also attended the commemoration.
Adding to the outstanding performance registered in the previous month, industrial output growth in June 2014 increased by 11.3 percent year-on-year. In the initial six months of the year, output was 9.4 percent higher in comparison to the corresponding period of the previous year. Compared to the previous month, industrial output adjusted for seasonal and workday effects was up by 1.8 percent in June.
The direct effects of the Russian measures on Hungarian agricultural exports are negligible, and primarily cause actual difficulties only to enterprises that export exclusively or to a major extent to Russia. According to figures for 2013 and 2014, the products included on the list of banned imports include only a minor proportion, some 30 percent of the products we export to Russia, and represent only 1 percent of total Hungarian agricultural exports.
Prime Minister Viktor Orbán asked President of the European Council Herman Van Rompuy in a letter on Tuesday to take action in protecting the Christians in Iraq.
Prime Minister Viktor Orbán opened a new stadium in Budapest's ninth district, on Sunday and addressed the fans.
This year too, visitors can participate in a number of colorful state programs on August 20, Hungary’s national holiday. In 2014 for the first time, the MoD National Event Management Office is responsible for organizing the series of events.
Hankook Tire Magyarország Gyártó és Kereskedelmi Kft., Eximbank, K&H Bank, UniCredit Bank and Raiffeisen Bank agreed on a Credit Facility Agreement of EUR 120,000,000, which was signed today by the representatives of the Parties. The Credit Facility will provide the necessary financing related to the export activity of Hankook Tire Magyarország kft.
Szerencsejáték Zrt, the state lottery company, achieved outstanding results during the first two quarters of the year; its revenue of HUF 148 billion (EUR 470 million) exceeded revenue for the analogous period last year by HUF 36bn, an increase of 32 percent and the highest ever rise since the founding of the company, President and CEO Kálmán Szentpéteri announced at a press conference held jointly with Minister of National Economy Miklós Seszták in Budapest on 11 August 2014.