AGP Executive Report
Last update: 3 hours agoOil & Gas: MOL will invest HUF 5.5 billion in a Vecsés hydrocarbon collection center, consolidating output from three wells that account for about 30% of its Hungarian crude production and reducing tanker transport. Operations are expected to begin in early 2027. Business Finance: The government says HUF 4 trillion in loans, EU support and budget funds will be available next year, with much of it aimed at SME investment, product development and exports. Economic Outlook: Hungary’s GDP grew 1.5% year-on-year in the third quarter, with industrial output offsetting the impact of drought. Industry Partnerships: A German-Hungarian Business Forum in Kecskemét on Nov. 5 will focus on cooperation between German companies and Hungarian SMEs, with Mercedes-Benz’s local factory underscoring the city’s role as an industrial hub. Urban Transport: Budapest is set to test its first biomethane-powered bus, a step toward lower-emission public transport.
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