Government Aims to Achieve Electricity Sovereignty by 2030 Hungary could cover its entire electricity needs from its own resources by 2030, including the electricity needs of new industrial... 2023.03.31.
Geopolitical Blocs Are in Contrast with European Interests, Says Foreign Minister One of the main negative consequences of the war in Ukraine is that the world has once again embarked on... 2023.03.30.
Hungarian Banking System Is Strong, Says Finance Minister The Finance Minister spoke in Cluj-Napoca (Kolozsvár, Romania) on the state and future of the Hungarian economy and banking system.... 2023.03.16.
“Butter-wars” a Turning Point in Inflation Inflation in Hungary may have peaked, as the rate of consumer price inflation slowed, albeit slightly, in February, after 25.7%... 2023.03.07.
European Union Is Interfering in Economic Competition, Claims Finance Minister EU Commissioner Vera Jourová has been at the center of the political attacks against the Hungarian government recently and is... 2023.02.27.
Biden Administration Imposing Its Will on the EU, Says Prime Minister There can be no winner in the Russian-Ukrainian war, Prime Minister Viktor Orbán said on Wednesday in Balatonfüred, according to... 2023.02.23.
Hungary and Kyrgyzstan to Join Forces against Terrorism Hungarian Prime Minister Viktor Orbán (R) welcomes Kyrgyz President Sadyr Japarov at the Carmelite Monastery in Budapest. Prime Minister Viktor... 2023.02.14.
Ministers Resign from University Trustee Positions amid Erasmus Debate At the end of Wednesday's government meeting, Ministers Judit Varga, Csaba Lantos, János Lázár, Mihály Varga, István Nagy, Péter Szijjártó,... 2023.02.10.
Government Holds Three-day Long Strategic Cabinet Meeting The three-day strategic government meeting led by Prime Minister Viktor Orbán began on Monday morning at the monastery in Sopronbánfalva... 2023.02.07.
Government Reacts to Standard & Poor’s Credit Downgrade After Standard & Poor's (S&P) credit downgrade on Friday, the Hungarian government has reacted by outlining a positive vision for the... 2023.01.30.
Hungarian Public Debt Down More than Expected Public debt has fallen more than expected, and last year's deficit target has been met, Finance Minister Mihály Varga announced... 2023.01.04.
Food Price Freeze to Remain until Spring Although the government was forced to remove the price cap on fuel, the situation is different for food. On Wednesday,... 2022.12.15.
EU to Push Ahead With Global Minimum Tax Despite Opposition According to the economic news portal Világgazdaság, the EU is set to revisit its plans to introduce the US initiated... 2022.12.06.
Hungary and Slovakia Both Profiting from Cooperation "Hungary and Slovakia have built a predictable and reliable partnership that will help us both to address security, economic, and... 2022.12.06.
Hungary’s National Debt/GDP Ratio Shows Signs of Slight Improvement The consolidated gross debt of the general government at nominal value stood at HUF 47 884 billion (EUR 116 bn)... 2022.11.25.
OECD Improves Growth Forecast for Hungarian Economy The Organization for Economic Co-operation and Development (OECD) raised Hungary's economic growth forecast for this year to 6.0 percent from... 2022.11.23.
Hungarians Spend Big during Black Friday Black Friday, which originated in the United States, has also spread to Hungary. Department stores have been running numerous promotions... 2022.11.22.
Asian Car Brands Are Gaining Ground in the Hungarian Market Car brands from the Far East have been popular in Hungary, but now they could be in even greater demand.... 2022.11.17.
Hungarians Plan to Spend 100,000 Forints on Christmas On average, Hungarians plan to spend 100,000 forints (EUR 242) on Christmas spending this year, of which 47,500 forints (EUR... 2022.11.16.
Hungarian Economy Strengthens amid War and Sanctions The Hungarian economy is resisting the adverse effects of war and sanctions, as it grew by 4.1 percent in the... 2022.11.16.
Fall in Hungarian Fuel Prices Announced Hungarian drivers can rejoice as the market price of fuel in Hungary will see some reduction from Wednesday. As the... 2022.11.15.
