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economic growth

Viktor Orbán: ‘Hungary stands at the gateway of economic recovery’

According to EU forecasts, the Hungarian economy could be the third fastest-growing economy in the EU next year, Viktor Orbán said in his regular public radio interview on Friday morning. He highlighted the paramount importance of avoiding the forming of…
Prime Minister Viktor Orbán with his press chief Bertalan Havasi in Kötcse on 8 September 2024

PM Orbán Announces Peace Budget and Plans for Wage and Family Support Increases

At the annual Kötcse gathering of conservative political and cultural elites Viktor Orbán shared that an action plan has been drafted for a ‘peace budget’ that will involve wage hikes, as well as more government support for families and for…

Hungarians Prioritize Housing Over Consumption

The Hungarian economy could grow by 2 per cent this year, a downward revision from the 4 per cent forecast at the end of last year. This adjustment is attributed to the population’s caution in spending, which is only gradually…

HungaroControl Supervision Shifts to Ministry for National Economy with New CEO Appointment

As of 1 August 2024 HungaroControl Ltd came under the indirect supervision of the Ministry for National Economy. According to the statement by the ministry, HungaroControl’s priorities include significantly improving the quality of Hungarian air transport, closely cooperating with the…

Hungarian Economic Growth Remains Among Best in EU

The Hungarian economy grew by 1.3 per cent in the second quarter of 2024, remaining above the EU average. The countries of the eurozone are expected to continue weakening, especially the German economy, which is not a good sign for…

Mandatory Discount System Phased out After Successful Inflation Control

The mandatory discount system together with the online price monitoring effectively contributed to the government’s goal of first reducing inflation to a single digit and then bringing it back to a low level of around 4 per cent….

Fitch Ratings Report Highlights Eximbank’s Strategic Role in Export Financing

Fitch Ratings confirmed Eximbank’s investment-grade rating. The bank’s senior unsecured bonds also received a ‘BBB’ rating. The bank’s international rating matches Hungary’s sovereign rating due to EXIM’s statutory full faith and credit guarantee provided by the Hungarian state, as noted…

Hungary to Join Global Top Five in Automotive Production with One Million Cars Annually

‘Within a few years, Hungary will be among the five countries in the world capable of manufacturing over one million cars annually,’ Péter Szijjártó stated, announcing a new investment in Zalaegerszeg by US Flex….

EBRD Forecasts Economic Growth in European Emerging Markets Despite Global Challenges

According to EBRD’s forecast, Hungary’s Gross Domestic Product (GDP) is projected to expand by 2.2 per cent this year and by 3.5 per cent next year….

PM Orbán on Hungarian EU Membersip: ‘My, this is not the horse I wanted, this was not the deal’

During the interview, the Prime Minister remarked that Europe is playing with fire, teetering on the brink between peace and war. He criticized European leaders for two years of indecision regarding strategy and sanctions, drifting not from war towards peace…

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