Hungary’s economy grew year-on-year by 4.6 percent in the second quarter and by 4.5 percent in the first half of 2018. These data show that Hungary’s economy has switched into a higher gear, thanks mainly to the stimulating effect of the six-year wage and tax agreement.
BMW’s Debrecen investment also reflects the German car manufacturer’s conviction that the city will be able to provide for the plant’s effective operation in the long term with the training of adequate experts, Government Spokesperson Zoltán Kovács said on the Tuesday evening programme of the public service television news channel M1.
According to the Chief Security Advisor to the Prime Minister, Hungary saw the downsides of migration sooner than western countries.
The Debrecen project of German automobile manufacturer BMW stands as proof of the long-term prospects and strength of German-Hungarian relations, Gergely Gulyás, the Minister heading the Prime Minister’s Office stated at the press conference Governmentinfo 118 which he held jointly with Government Spokesperson Zoltán Kovács.
On Monday afternoon Hungarian Prime Minister Viktor Orbán and Croatian Prime Minister Andrej Plenkovic had talks in Abbazia (Opatija) in Croatia.
“Funding decisions in the amount of approximately HUF 1.5 billion were made within the Hungarian Fishery Management Operative Programme (MAHOP) financed from EU the budget until August, and the application of a further HUF 1.5 billion may be decided until the end of the summer, which contributes to the implementation of the development ideas formed with respect to the fishery sector”, Minister of State for Agriculture and Rural Development (Ministry of Agriculture) Miklós Zsolt Kis said in Budapest on Tuesday at a press conference held at the Sziget Festival.
According to Chief Security Advisor to the Prime Minister György Bakondi, the Schengen border controls are not enforced either in Spain or in Greece, and therefore nation states, including Germany and Austria, are compelled to maintain controls, even if only periodically, in the interest of their countries’ security.
According to the latest data, the number of tourists has increased by more than 5 per cent, while the revenues of accommodation facilities have increased by over 10 per cent compared with last year. It is good news that the engine of this growth is domestic tourism. This indicates that Hungarian families are in better financial circumstances.
In the first seven months of the year, trends which had led to higher budget revenues parallel to tax cuts persisted. Projects aiming to reach social policy targets and investment programmes are set to help achieve economic growth of above 4 percent and a deficit target of 2.4 percent of GDP.
According to the Chief Security Advisor to the Prime Minister, uncontrolled mass immigration and its impact will perhaps be the most important topics of next year’s European parliamentary election campaign.