Finance Minister Varga: EU Weakened by Its Own Sanctions The European Union is essentially weakened by its own sanctions- the question is whether it can survive the punitive measures... 2022.07.21.
Hungarian 2022 GDP Growth Could Be Almost Double That of EU Average Amid all the doom and gloom of the pandemic- and war-strikken EU economy, there is a glimmer of hope in... 2022.07.17.
Finance Minister: Healthcare Industry Is Capable of Providing Safe Care for the Country Hungarian industry, including the healthcare industry, is capable of providing the country with a complete and safe supply chain, the... 2022.07.15.
Filling Up Gas Reserves Is Key to Economic Stability, Finance Minister Warns Uncertain energy supplies, high energy prices, and inflation are currently the greatest threats to European economies; therefore, filling up natural gas... 2022.07.13.
US Tries Pressuring Hungary with Termination of 1979 Bilateral Tax Treaty In response to Budapest's decision to obstruct the implementation of a new, 15 percent global minimum tax by the European... 2022.07.11.
Finance Minister: Support for Local Councils to Increase in 2023 The financial support available for local councils will increase by 95 billion forints (EUR 238m) next year, Finance Minister Mihály... 2022.06.29.
Finance Minister: Hungary Climbs Three Places in Competitiveness Ranking Hungary ranks 39th on the list of the world's most competitive economies, up three places from last year, Finance Minister... 2022.06.20.
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.
