Finance Minister: 2021 Budget Prioritises Economy Protection, Fight against Epidemic The government has diverted resources so that the 2021 budget could be focused on combatting the coronavirus epidemic and protecting... 2020.06.02.
Gov’t Targets Economic Growth of 4.8% in 2021 The government's 2021 budget bill targets annual economic growth of 4.8 percent, Finance Minister Mihály Varga said, presenting the bill... 2020.05.26.
2021 Budget Bill Earmarks HUF 3,000 Bn for Pandemic Defense The government's 2021 budget bill allocates some 3,000 billion forints (EUR 8.5bn) for a healthcare and pandemic defense fund, Finance... 2020.05.25.
Coronavirus: Gov’t Broadens Eligibility for Investment Subsidies The government is expanding the range of businesses eligible for 40 billion forints (EUR 114m) in investment subsidies this year,... 2020.05.23.
Coronavirus: Hungary Q1 GDP Growth Slows to 2.2 % Hungary's GDP grew by an annual 2.2 percent in the first quarter, the Central Statistical Office (KSH) said in a... 2020.05.15.
Coronavirus: Gov’t Almost Triples Investment Funding for Large Companies in 2020 The Hungarian government is raising its total investment funding for large companies from 15 billion forints by 25 billion to... 2020.05.13.
New GDP Predictions for Pandemic-Hit Hungary After an exceptionally convincing GDP growth last year, Hungary’s economic output, due to the coronavirus pandemic, has started nosediving. Opinions... 2020.05.07.
Coronavirus: Govt Earmarks over HUF 400 bn for Epidemic Response, says Minister Hungary's government has earmarked over 420 billion forints (EUR 1.2bn) in development funding for its economy protection scheme aimed at... 2020.05.06.
‘Temporary Coronavirus Tax’ on Big Retail Companies Becomes Permanent in Final Legislation Not long after the government issued a decree levying an extraordinary tax on large companies to offset the impact of... 2020.04.30.
Finance Minister: Credit Contract on Budapest-Belgrade Railway Upgrade Signed The credit contract signed between China and Hungary for upgrading the Budapest-Belgrade railway line is advantageous and secure for Hungary,... 2020.04.24.
Hungary to Receive EU Transfers of HUF 100 Billion in Few Weeks, says Finance Minister Hungary expects the European Union to transfer 100 billion forints (EUR 285m) in funding for development projects in the next... 2020.04.22.
Finance Minister: Job Preservation, Restarting Economy a Priority During the novel coronavirus epidemic, preserving jobs and restarting the economy has to take precedence over a "rigid insistence" to... 2020.04.19.
Coronavirus – Finance Ministry: Special Bank and Retail Tax to Add 91 Billion Forints to Anti-virus Funds Two government decrees levying extraordinary taxes on banks and on big retail businesses published on Tuesday are expected to raise... 2020.04.15.
Coronavirus: One-off Banking Sector Tax Deductible from Bank Levy, says Finance Minister A one-off tax on the banking sector that will bolster Hungary's pandemic war chest can be deducted in full from... 2020.04.09.
Coronavirus – Finance Minister: Hungary to Plough 20% of GDP into Protection Efforts Hungary is ploughing 20 percent of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga said... 2020.04.08.
Coronavirus: Hungary Revises 2020 Deficit Target to 2.9% of GDP Hungary now targets its 2020 budget deficit, calculated according to the European Union's accrual-based accounting standards, at 2.9 percent of... 2020.04.02.
Coronavirus: Gov’t Has Spent HUF 245 Billion so far on Measures, says Finance Minister The government so far has spent 245 billion forints (EUR 692m) of budget resources on measures in connection with the... 2020.03.27.
Coronavirus’ Brutal Economic Impact in Hungary Already Felt While the novel coronavirus epidemic in Hungary has just begun, the economic impact of the pandemic can already be felt.... 2020.03.20.
Coronavirus & Suspended Loan Payments: Banks Prepared to Work Together with Gov’t Finance Minister Mihály Varga met representatives of the Hungarian Banking Association on Thursday to discuss a government decree on suspending... 2020.03.19.
Coronavirus: Gov’t Expects 3.7% Economy Growth or Possibly See Negative Growth Hungary's tourism and hospitality sectors are expected to be hit severely by the new coronavirus outbreak, Finance Minister Mihály Varga... 2020.03.11.
Finance Minister: Coronavirus Impact on World’s Economy May Be More Severe than Human Footprint Hungary's finance ministry is ready to protect the achievements of the country's economy and growth advantage with additional policy measures,... 2020.03.10.
