Information is still scant in the wake of a nail bomb explosion at 10.30 pm on Saturday near the corner of Teréz körút and Király utca in downtown Budapest. Two police officers were seriously injured in the blast, and police announced a manhunt to apprehend the alleged perpetrator, index.hu reported Sunday.
The volume of retail sales in Hungary was up 2.9% in July according to raw data, and by 4.0% adjusted for calendar effects, as compared to the same month a year earlier, Hungary’s Central Statistical Office (KSH) reported today, revising its earlier report in a second estimate of data.
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.
Hungarian fertilizer manufacturer Nitrogénművek expects to complete its long-term HUF 140 billion investment project, started in 2004, at its plant in Hungary’s Pétfürdő by the promised deadline of summer 2017, President and CEO László Bige said yesterday, according to Hungarian news agency MTI.
Globally the M&A market remains buoyant, albeit with some softening in the market overall year-on-year, while the Hungarian M&A market sees a strong deal flow both in terms of numbers and values, according to an analysis DLA Piper sent to the Budapest Business Journal.