Audi Hungaria Motorʼs first-half revenue fell about 11% year-on-year to €3.697 billion, the company told Hungarian news agency MTI today. Vehicle output was down about one-quarter at 63,798, while engine output dropped about 3% to 1,031,887, MTI reported.
The increase in the number of newly built homes and permits for dwelling construction announced today was fueled in part by government efforts in February to clarify the system that provides financial incentives for families to build homes, a property analyst said in a statement sent to the Budapest Business Journal.
The upward trend in visitor numbers and revenue are driving growth, but officials say the industry’s impact on the economy can be even greater.
The Hungarian subsidiary of Mercedes-Benz is planning to invest €1 billion to build a second plant next to its existing facility in Kecskemét, according to a press release issued today. Production in the new factory could be launched by the end of the decade, and it would create 2,500 new workplaces, the release said.
The number of new dwellings built in the first half of the year was 3,420, up 11% on the same period last year, while the number of dwelling construction permits issued and declarations concerning construction of new residential buildings was 13,236, more than twice as many as in the first half of 2015, the Central Statistical Office (KSH) said today.