Due to Delay of EU’s Recovery Fund, Issuance of Hungary’s FX Bonds Hits Record High The Government Debt Management Agency (ÁKK) has modified its 2021 issuance plan to make room for an additional 4.5 billion... 2021.09.16.
Gov’t Extends Repayment Moratorium for Vulnerable Borrowers The government has decided to extend the moratorium on loan repayments for vulnerable borrowers until June 30, 2022, Finance Minister... 2021.09.13.
Minister Varga: EU Finance Ministers Agree Supportive Fiscal Policy Still Needed European Union finance ministers agree that supportive fiscal policy is still necessary for the economic recovery, Finance Minister Mihály Varga... 2021.09.11.
Gov’t to Fund Manufacturing of Coronavirus Pharmaceuticals The Hungarian government is subsidizing an expansion of pharmaceutical company Pannonpharma's plant in Pécsvárad, southern Hungary, designed to manufacture drugs... 2021.09.10.
Finance Minister Calls for ‘Significant’ Minimum Wage Rise to ‘Retain Competitive Advantage’ A "significant" minimum wage hike is needed to retain Hungary's current advantage against other European countries in restarting the economy... 2021.09.09.
Investment Volume Climbs Almost 11% in Q2 from Low Base Investment volume in Hungary rose by an annual 10.8 percent in Q2, albeit from a low pandemic base, the Central... 2021.08.31.
Finance Minister: Gov’t Spending on Higher Education at Record High The government is spending more on higher education than ever before, Finance Minister Mihály Varga said at a ceremony at... 2021.08.31.
Unprecedented GDP Growth in Q2 Boosts Expectations for Entire Year Hungary's second-quarter GDP figure substantially exceeded analysts' earlier expectations, with many notably improving their forecasts for this year since then.... 2021.08.18.
“Huxit” Comments from Fidesz Circles Generate Backlash An opinion piece arguing for Hungary's departure from the European Union recently got published in pro-government daily Magyar Nemzet. Its... 2021.08.18.
Never Before Seen Growth in Hungarian Economy: GDP Up Almost 18% in Q2 Hungary's second-quarter GDP grew by an annual 17.9 percent after a double-digit decline in the base period, a first reading... 2021.08.17.
Vaccination Paramount Before Fourth Wave Returns to Hungary in the Fall Hungarian health experts state that a fourth wave of the coronavirus pandemic is unavoidable in the Fall, but it is... 2021.08.11.
Finance Minister: Hungary’s High Inflation Rate ‘Temporary’ Hungary's current high level of inflation is temporary and, as long as the central bank makes full use of the... 2021.08.03.
Justice Minister Calls for Strong Europe Based on Strong Nations Hungary along with several other European Union member states supports the idea of a strong Europe of strong nations, Justice... 2021.07.23.
Finance Minister: Hungary’s Economy Relaunching Faster than in Other EU Countries Brussels has recognised that Hungary's economic relaunch is happening at a faster pace than in the EU countries, Mihály Varga,... 2021.07.14.
Finance Minister: Brussels ‘Could Not Thwart’ Hungarian Economy Brussels "could not thwart the Hungarian economy even if it wanted to", Finance Minister Mihály Varga said in an interview... 2021.07.12.
Hungary Health Industry Support Scheme to Save 5,700 Jobs, Finance Minister Says The Hungarian government's health industry support scheme will help generate some 86 billion forints' (EUR 240.3m) worth of investments in... 2021.07.10.
Plans Under Way for Hungary-Ukraine Rail Transhipment Zone Plans are under way to develop a rail transhipment zone on the Hungary-Ukraine border, the finance minister said on Friday.... 2021.07.03.
IMF Raises Hungary Growth Forecast to 6.2% The International Monetary Fund has revised its forecast of Hungary's economic growth to 6.2 percent in 2021, from a projected... 2021.06.30.
Fidesz Politicians Happy Czech Team ‘Brought the Dutch to Their Knees’ While Puskás Aréna's last game in the EURO brought perhaps one of the most surprising results of the European Championships,... 2021.06.28.
Finance Minister: Now Not the Time for Budget Cuts Economic policy should be focused on supporting investments, creating jobs and recovering capacities lost to the crisis caused by the... 2021.06.23.
Central Bank Head Warns 2022 Overspending Could Fuel Inflation National Bank of Hungary (NBH) governor György Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is... 2021.06.21.
