Atradius: German economy gives hope to Hungarian exporters
After the moderate performance of the last two years Germany’s economy may gain momentum in 2014 and the GDP may grow by as much as 1.8 percent. According to Balázs Vanek, country manager of Atradius Credit Insurance, Hungarian enterprises can be hopeful: Hungary’s export to our most important foreign market was able to expand by 5.5 percent last year, after two years of stagnation. We exported to Germany in the value of EUR 21.1 billion in 2013. Firms in the automotive, machinery and building and construction sectors have the chance to profit from the German economic upturn the most.
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >