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Hungarian vehicle manufacturing increased 16%

Staff writer ▼ | September 11, 2015
Hungarian vehicle manufacturing industry production increased by 16 percent year-on-year to 3900 billion forints (EUR 12.4bn) during the first six months of the year.
Hungarian vehicle manufacturing
Hungary   The vehicle industry is 30.4% of processing industry productivity
The vehicle industry is responsible for 30.4 percent of processing industry productivity, Minister of Foreign Affairs and Trade Péter Szijjártó said at the inauguration of Audi’s second EUR 32 million logistics centre.

Mr. Szijjártó highlighted the important role played by Audi in Hungarian-German economic cooperation and pointed out that Hungarian exports to Germany increased by 5.6 percent last year, while trade volume grew by 7.2 percent.

He also noted that it has been 22 years since employment was so high in Hungary; the number of people in employment currently stands at 4 million 224 thousand and the unemployment rate has fallen to 6.8 percent. More than 145 thousand people work in the automobile industry, 8.2 percent more than at this time last year, he added.