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Free AccessPreliminary Trade Deficit Narrows in December
- Citing Chinese media, an opposition MP has said that Hungary offered EUR800m in grants, tax breaks, and infrastructural support to the EUR7.4b greenfield investment by the world’s largest EV battery maker CATL, which is building its second European production facility in Hungary. bne IntelliNews report that the government has yet to disclose details of the aid, citing the ongoing notification process with the European Commission. The construction of the factory has become a hot political topic as opposition parties are planning to collect signatures to hold a referendum on the project.
- Hungary's preliminary trade deficit narrowed to EUR154m in December from -EUR1.415b in November, according to data released this morning. Exports grew by an annual 12.3% to EUR11.205b, while imports increased by 9.9% to EUR11.360b.
- Minutes from the January NBH meeting will be released today at 1300 GMT/1400 local time, while budget balance data is on the docket at 1000 GMT/1100 local time (Prior: -HUF4753b). The government will conclude its 3-day meeting, which has focussed on the country’s economic growth, inflation and the effects of Russia’s war in Ukraine.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.