Germany an Important Ally and Partner of Hungary

Germany is an important ally and strategic partner of Hungary, and the multifaceted network of relations established over the past decades links national economies, municipalities, the cultural, educational and scientific spheres, and friendly communities, said the Minister of Foreign Affairs and Trade, Péter Szijjártó in Budapest on Tuesday. The statement issued by the Ministry of … Read more

German export outlook dims in September 2023: ifo

INSIGHTS German export sentiment has worsened, with ifo export expectations falling to minus 11.3 points in September 2023 from minus 6.5 in August 2023. Leather goods manufacturing expects a rise in exports with a score of 11.2 points, while the textile and apparel sectors are facing steep declines, falling to minus 20.5 and minus 26.8 … Read more

Exports in July 2023: -0.9% on June 2023

Exports (calendar and seasonally adjusted exports of goods), July 2023 130.4 billion euros -0.9% on the previous month -1.0% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), July 2023 114.5 billion euros +1.4% on the previous month -10.2% on the same month a year earlier Foreign trade balance … Read more

Qatar-Germany cooperate on diverse economic levels

As Qatar and Germany mark 50 years of diplomatic relations in 2023, the business bilateral ties between the two nations have significantly surged. In an exclusive interview with The Peninsula, Henning Zimmermann, Chairman of the German Business Council Qatar (GBCQ) said that Qatar strategically invests in German companies, with a special focus on market carving … Read more

Exports in June 2023: +0.1% on May 2023

Exports (calendar and seasonally adjusted exports of goods), June 2023 131.3 billion euros +0.1% on the previous month -1.9% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), June 2023 112.6 billion euros -3.4% on the previous month -11.6% on the same month a year earlier Foreign trade balance … Read more