Economy continues recovery - 2005 GDP to reach 3.9%, says research firm GKI
The economy is continuing to witness a recovery, with GDP growth for the year expected at 3.9% following 3.5% growth in the first half of the year, according to a report issued Wednesday by economic research institute GKI.
PMI highest this year at 54.4 in October - driven by rise in new orders, inventories
Hungary's Purchasing Manager Index (PMI) was up 0.7 pp month on month in October 2005 to an adjusted 54.4 points, its highest level for the year to date.
PPI accelerates to 0.9% m-on-m in September due to rising oil prices
Hungary's producer prices index (PPI) rose 0.9% on the month in September, accelerating from 0.1% growth in August, according to data released by the Central Statistical Office (KSH).
US's NCR to open ATM manufacturing plant in Hungary
US-based NCR Corporation announced Wednesday that it will open an automated teller machine (ATM) manufacturing plant in Budapest, to provide the additional capacity needed to support the fast expanding markets of Eastern Europe and Russia.
Korea's Hankook Tire to build HUF 132 bln factory in Dunaujvaros
South Korean tire maker Hankook will build a HUF 132 bln (USD 632 mln) plant in the Hungarian city of Dunaujvaros, thus creating the company's first manufacturing unit outside Asia in a bid to cut production costs and get closer to western European markets.
