Hungary’s gross domestic product increased by 6.5% in the second quarter of 2022 compared to the corresponding period of the previous year.

S&P Global Ratings affirmed Hungary’s ‘BBB/A-2’ sovereign rating, but revised the outlook to negative from stable.

The first LNG shipment has arrived from the Croatian import terminal in Krk to Hungary. This will add a new mode and route to the domestic gas supply chain.

The Chinese Contemporary Amperex Technology Co. Limited (CATL), the world’s largest battery manufacturer will build its second European plant in Debrecen.

The South Korean supplier of the battery industry, Nice LMS is building a greenfield plant in Vác with an investment of HUF 5.2 billion (EUR 13 million).

Gloster acquires a majority stake of 51% in G-plus Consulting for EUR 1.4 million. The Munich company was founded in 2009 to offer nearshore services of the highest quality.

In July, consumer prices increased by 13.7% yoy. For a quarter of a century, Hungary has not experienced such rise in prices.

The volume of industrial production grew by 1.5% year-on-year in June. Based on working-day adjusted data production increased by 4.8%.

Sipospack Kft., a manufacturer of packaging materials based in Sóskút, will invest more than HUF 1 billion (EUR 2.5 million) in expanding its production capacities by 2024.

Airbus Helicopters officially inaugurated the new Airbus factory in Gyula. The factory currently employs 50 people but the aim is to reach 250 employees within a few years.