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Hungarian Budget Navigates Challenges in 2023, Prioritizes Economic Recovery in 2024

The government’s primary focus for the current year is the restoration of economic growth while continuing to reduce the budget deficit and national debt….
Finance Minister Mihály Varga and Zoltán Kurali, CEO of the Government Debt Management Agency arrive for a press briefing in the Ministry of Finance on 1 December 2023.

Hungarian Government Maintains Budget Stability Amidst Global Challenges

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local…

Empowering Education: 140,000 Laptops Provided for Students Across Hungary

Alongside the distribution of laptops that started last year, more than 4,000 locations have been equipped with wireless internet access, and with a budget of 10 billion forints, the electrical networks of the relevant institutions have been renovated….
Housing (illustration)

An Analysis on the Benefits of the Newly Announced CSOK Plus Housing Scheme

Unlike the existing conditions, CSOK Plus does not distinguish between new and used residential properties. New homes are generally more expensive, which means that the same amount of money will buy a smaller property. However, the good news for buyers…

Viktor Orbán Announces New National Consultation to Demonstrate Support of Its Policies to Brussels

In his regular interview on public radio, the Hungarian Prime Minister pledged to defend Hungary’s borders, to resist pressure from Brussels aiming to change his government’s policies, insisted that Ukraine cannot win on the battlefield, and announced a new National…

Hungary’s Wage Increase Signals Economic Resilience

The gross average monthly earnings for full-time employees amounted to 555,900 forints, surpassing the previous year’s figures by 15.2 per cent….

European Beekeepers Deserve More Funding and Protection, Hungarian Minister of Agriculture and Fidesz MEP Stress at Strasbourg Exhibition

At the exhibition organized in collaboration with the National Hungarian Beekeeping Association, Minister of Agriculture István Nagy emphasized that currently only 0.1 per cent of the EU’s Common Agricultural Policy budget is allocated for supporting the beekeeping sector….

Government Relaunches Startup Factory Programme

The most important feature of the programme announced with a five billion forint budget is that state support will reach innovative startups through incubators. Incubators support early-stage startups in bringing their products based on new technologies to the market and…

PM Orbán: Pensioners Are Better Off Now Than in the Gyurcsány Era

Viktor Orbán discussed the recently announced pension raise on public radio today. As for the broader topic of inflation, he expressed his conviction that his government will curb it by the end of the year, down to single digits, opining…

National Ambulance Service Acquires a Hundred and Seventy New Vehicles

The current development, funded by the government with two billion forints, is a significant step forward for the emergency system. Moreover, the budget for the healthcare sector for the coming year includes an additional 425 billion Hungarian forints….

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