The Monetary Policy Council of the National Bank of Hungary (MNB) today announced a 15 bps cut in the base lending rate, to 0.90%, a reduction that analysts had predicted. The Council said this cut marked the end of the current easing cycle.
The Hungarian subsidiary of German car manufacturer Daimler saw output at its Kecskemét-based plant rise by 20% last year, compared to the preceding year, to over 180,000 vehicles, Mercedes-Benz Manufacturing Hungary chief Christian Wolff said today, according to reports.
Metro access and bike parking are important considerations among those planning new offices in Budapest, as environmental concerns gain in importance.
The Hungarian subsidiary of German household products manufacturer Henkel today inaugurated a hot melt adhesive production line at its plant in Tatabánya, according to reports. The company also signed a strategic cooperation agreement with the Hungarian government.
Hungary’s Central Statistical Office (KSH) operates independently and impartially and is committed to objectivity, KSH president Gabriella Vukovich said yesterday after the office passed its European audit with high marks, according to Hungarian news agency MTI. Auditors made recommendations for the service to become more user friendly.