The volume of agricultural output decreased by 6.1% in 2017, with crop production down 8.6% and livestock production 3.2% lower than in 2016, according to a first estimate of the performance of Hungaryʼs agricultural sector this year, released by the Central Statistical Office (KSH) on Monday.
George Soros does have a plan, which aims to create a Europe with a mixed population, Prime Minister Viktor Orbán re-asserted in a TV interview on Thursday. One day later, Soros reacted in a long op-ed on opinion website Project Syndicate, rebutting the governmentʼs allegations.
The National Bank of Hungary (MNB) kept its base rate on hold at 0.9% and hasn’t changed its overnight deposit or lending rates either. However, it has announced two new unconventional monetary policy tools, a move that was expected by the market, although no one was sure about the timing.
Consumer prices in Hungary rose 2.5% year-on-year in November, the Central Statistical Office (KSH) said today. The pace of the increase accelerated from 2.2% in October and is back to the rate it was in September.
Following the recent announcement that it would lay off 12,000 employees worldwide, GE has now made public its plans for Hungary. Redundancies at the Hungarian business unit will be close to 8% of the workforce.