Hungarian automotive industry: week 45
Hungary set to begin tram assembly, FAG awarded as investor of the month. Let´s recap what happened in week 45 in Hungary´s auto industry.
Manufacturers
Vehicle manufacturer Dunakeszi Járműgyártó has applied for a HUF 1 billion loan after signing an agreement with Spain-based tram manufacturer CAF to begin the assembly of new trams in Hungary.
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| CAF trams to be assembled in Hungary |
Last week, Rába Járműipari Holding Nyrt. signed a five-year contract with Germany-based Claas group to supply the agricultural manufacturer's Xerion engine with complete axle units.
According to the latest TÜV Süd report, the best used car on the market is the Kecskemét-made Mercedes-Benz B-Class. The worst new car on the list is the Chevrolet Spark.
Suppliers
Minister of National Economy Mihály Varga handed over the enterprise of the month awards last week. The ministry's "Investor of the Month" award went to Debrecen-based bearing manufacturer FAG Magyarország Ipari Kft.
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| Bearings manufacturer FAG Hungary awarded by Ministry for National Economy |
More than 2,000 tyres, totalling HUF 150 million, were donated in Hankook Tire Magyarország Kft.'s tyre donation programme this year to recipients incuding the BM National Chief Directorate for Disaster Recovery, the Hungarian Ambulance Service and approximately 300 local public benefit organizations.
Service providers
365 Opel Vivaro vans were purchased under the framework of the "Falugondnok" programme. Opel Hungary handed over the final batch of vehicles to the municipal representatives small Hungarian villages.
In October, 8,192 passenger cars were registered in Hungary, up 33.9 percent from the previous year, according to the latest data released by Datahouse.
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| Local municipalities receive new Opel Vivaros under the framework of EU-funded programme |
The 1,800 vehicles purchased within the 'Falugondnok" programme, benefitting small village municipalities, were the main driver of car registrations in October.
Last week, Pacapime Logistics Kft. handed over a new logistics base in Mórahalom, built with a HUF 1 billion investment.
Economy
In September, retail trade in Hungary increased by 5.1 percent, it was announced last week by Mihály Varga, Minister of National Economy.
The National Bank of Hungary's locan scheme is set to continue next year with a total allocation of HUF 300 billion.
The output of industrial production was up 7.8 percent in September year-on-year, with seasonal and work-day adjusted indices corresponding to non-adjusted data, reported the Central Statistical Office (KSH) last week.
In August, export volume increased by 6.6 percent, while imports grew by 7 percent.
The forint showed a significant decline against the euro last week falling from 311 on Monday to 315 by the end of the week.
