Output of Hungaryʼs construction sector climbed 20.5% year-on-year in October, Hungarian news agency MTI says, citing unadjusted data released by the Central Statistical Office (KSH).
Talks on the sale of T-Systems Hungary to 4iG have been terminated, T-Systems Hungary parent Magyar Telekom and 4iG said in disclosures posted on the website of the Budapest Stock Exchange late Tuesday, state news wire MTI reports.
The OECD has released its latest interim global economic outlook report, and it looks more pessimistic than ever, cutting back on global growth prospects. Rating agency Fitch also published a gloomy outlook recently. Hungary, thus far, has able to swim against the tide.
An analysis by the Economic and Business Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry has noted that a significant number of Hungarian workers are employed in areas where most of the tasks could be performed by machines.
There were 748,951 small and medium-sized businesses operating in Hungary in 2018, up 4.1% from a year earlier, state news wire MTI reports, citing a summary of data by the Central Statistical Office (KSH).