Finance Min: Next Year’s Draft Budget Includes 3.5% Deficit Target The draft budget for next year submitted to the Budget Council sets a stricter deficit target of 3.5 percent of... 2022.05.27.
Ministers of Fifth Orbán Government Sworn In Prime Minister Viktor Orbán's fifth government was formed as its fourteen ministers took their oaths of office in parliament on... 2022.05.24.
Finance Minister: Budget Needs to Be Amended to Maintain Deficit Target The government will continue to improve budgetary balance, and expects to have budget deficit down at 4.9 percent and state... 2022.05.19.
Hungary Records Exceptional Q1 GDP Growth but Storm Clouds Already Gathering Hungary's GDP grew by an annual 8.2% in the first quarter of the year, more than most would have expected,... 2022.05.17.
Finance Minister Calls on EBRD to Focus on Central Europe The European Bank for Reconstruction and Development (EBRD) should focus more on central Europe, especially the countries neighboring Ukraine, Finance... 2022.05.12.
Finance Minister: Hungary, Morocco Strengthening Economic Ties Trade between Hungary and Morocco jumped by 24 percent in the past year, and the growing economy of the region... 2022.05.11.
Hungary to Share in EBRD Support for Mitigating Impact of War Hungary will share in some 2 billion euros of resources the European Bank for Reconstruction and Development (EBRD) is making... 2022.05.11.
Despite Upcoming Financial Aid from EU, Gov’t Urges Greater Contribution to Migration Costs The Hungarian government is urging greater contribution by the European Union to financial burdens linked to migration, the finance minister... 2022.04.20.
Finance Minister: Public Debt down More than Earlier Projected Fresh data show that the public debt dropped to 76.8 percent of GDP by the end of last year, lower... 2022.04.02.
FinMin: Russian Energy Supplies Can’t be Replaced Overnight Even those who demand that Hungary cut off its energy supply from Russia must admit that it is impossible to... 2022.03.30.
Hungary’s Budget Deficit Reaches Record High amid Russia-Ukraine War The Orbán government accumulated a HUF 1,585 bn (EUR 4.3 bn) deficit in the month of February, Hungary’s biggest February,... 2022.03.30.
Govt Earmarks EUR 160 Million for Óbuda University Innovation Parks The government has allocated 57.5 billion forints (EUR 160m) to set up three science and innovation parks to be run... 2022.03.26.
Foundation Stone Laid for Richter’s New Head Office Building The foundation stone of Richter Gedeon Nyrt.'s new head office building was laid on Tuesday in Budapest. The 17,400 square... 2022.03.23.
Defense Industry Production to Start in Kaposvár Forty Gidran armoured tactical vehicles produced in Turkey will be equipped with radio and electro-technical devices in Kaposvár, and parts... 2022.03.20.
Finance Minister: Traffic at Hungary-Ukraine Border Crossings Undisturbed Refugees can enter securely and humanely while aid shipments leave with priority handling at Hungary-Ukraine border crossings, Finance Minister Mihály... 2022.03.13.
Finance Minister: Forint “Victim of Brussels Sanctions” Hungary's currency has become a victim of Brussels's sanctions, which have caused substantial damage to the Hungarian economy, Finance Minister... 2022.03.07.
Gov’t Buys Significant Stake in Aegon Insurance Company Shortly after Vetoing Acquisition The European Commission has concluded that Hungary's decision to veto the acquisition of the Hungarian subsidiaries of the AEGON Group... 2022.02.23.
Hungary Issues EUR 575 Million of Samurai Bonds Hungary has successfully issued 575 million euros' worth of government bonds on the Japanese market with favourable interest rates, Finance... 2022.02.18.
Hungary GDP Growth 7.1% in 2021 Hungarian economic output grew by an annual 7.2 percent in the fourth quarter, bringing full-year growth to 7.1 percent, the... 2022.02.15.
Finance Minister: Fitch Sees Successful Relaunch of Hungary’s Economy The relaunch of Hungary's economy has gone successfully in the assessment of Fitch Ratings, which recently confirmed Hungary's credit rating,... 2022.01.29.
Film Productions in Hungary Generated Revenue of over EUR 555 Million Last Year, says FinMin Finance Minister Mihály Varga has visited the set of a "Hollywood superproduction" Slingshot at the Korda Studios on the outskirts... 2022.01.26.
