The ongoing European energy crisis was another major topic.Continue reading
National Consultation and Economic Policy
Gergely Gulyás announced the launch of a National Consultation focusing on the “most important pillars of the new economic policy.” He emphasized the need for Hungary to adapt to a changing global environment, adding,
the key to this remains a work-based economy.”
The upcoming national consultation will address economic priorities, with a focus on maintaining employment growth.
Economic Policy Action Plan and Support for SMEs
The new Economic Policy Action Plan targets growth between 3 to 6% and includes 21 measures. Minister Gulyás noted the importance of increasing purchasing power and expanding SMEs through the Sándor Demján program.
The government’s goal is to ensure that economic growth reaches as many sections of society as possible,” he stated.
Support will include digitization resources, investment aid, and reduced interest rates on the Széchenyi Card Program (the Széchenyi Card is an employee benefit that can be spent on sports, culture, leisure and travel).
Housing Initiatives
The government addressed Budapest’s housing challenges, announcing plans to regulate Airbnb and similar short-term rents, as well as evaluating rental costs. “We are also looking at residential rents,” Gergely Gulyás said, stressing the need for housing affordability. A rural home renovation program will be introduced, and part of the Széchenyi Card’s funds will be allocated for these purposes.
13th Month Pension and High-Speed Railways
The 13th-month pension will be legally protected, ensuring it remains despite external economic pressures. Eszter Vitályos also highlighted investments of over HUF 136B (EUR 360.3M) in infrastructure.
Via Magyar Nemzet; Featured Image: MTI / Koszticsák Szilárd