In the second quarter of 2018, gross domestic product (GDP) in Hungary rose by 4.4% according to seasonally and calendar-adjusted and reconciled data, the Central Statistical Office (KSH) said in a flash report released on Tuesday.
The main reason for real estate acquisition in Hungary is investment, according to a recent study by real estate broker Duna House. Interestingly, entrepreneurs ranked only second as the most active buyers of property.
Foreign direct investment figures have been rising quickly in Hungary for the past few years, much of which is down to the work of the Hungarian Investment Promotion Agency. While the United States does its fair share in contributing to the country’s well-being in terms of FDI, there is still room for improvement. The Budapest Business Journal talked to AmCham CEO Írisz-Lippai Nagy about U.S. investments.
One-fifth of Hungarian pensioners, or about half a million people, would be willing to take a job, shows a survey carried out by the GKI economic research institute in June 2018, cited by state news agency MTI on Monday.
Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume grew, an earnings report released early Friday shows, as reported by state news agency MTI.