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economic policy

PM Orbán: ‘We are closer to peace but facing greater dangers than ever’

Hungarian Prime Minister Viktor Orbán addressed pressing issues in his latest radio interview, including the precarious state of the Russia–Ukraine war, the potential of a peace-focused budget, and the government’s unwavering commitment to wage increases and economic stability. He praised…
Worker (illustration, Pixabay)

Hungary’s Employment Rate Remains High as Government Implements Historic Wage Agreement

Hungary’s employment remains at a stable 4.7 million in October 2024, reflecting a year of consistent growth. According to State Secretary Sándor Czomba, the government’s proactive policies, including a historic wage agreement, continue to bolster the labour market….

Hungary Eyes Strategic Opportunities with Trump Administration and EU Reforms

Political director to Hungary’s Prime Minister Balázs Orbán highlighted the potential economic benefits of a Trump-led US administration, emphasized EU reforms, and detailed Hungary’s vision for boosting competitiveness and fostering global partnerships….
A family of four sitting at the top of a mountain (illustration, Pixabay)

Family Tax Allowance Set to Be Doubled in 2025 and 2026

In a drive to support families amid challenging global conditions, the Hungarian government plans to double the family tax allowance in two stages, maintain tax exemptions for families with four children, mothers under 30, and individuals under 25, and extend…
A postwoman delivers National Consultation questionnaires in a Budapest block of flats on 28 October 2024.

National Consultation on Economic Neutrality Begins

The Hungarian government has launched a national consultation under the title Hungary Can Do It, inviting citizens to voice their opinions on a new economic policy aimed at strengthening Hungary’s economy, boosting wages, supporting small businesses, and improving housing affordability….

Hungarian Prime Minister: US Presidential Election Is Pivotal for Europe

Hungary’s Prime Minister Viktor Orbán highlighted new government measures and plans regarding Hungary’s upcoming EU presidency, the Europe Summit, and recent Brussels policy interventions. He also addressed issues such as economic policy shifts and a national consultation on migration, speaking…

Orbán: Hungary Opposes EU’s War Strategy, Pushes for Peace Talks

Prime Minister Viktor Orbán criticized the EU’s war posture in a recent radio interview on public Kossuth Radio, reaffirming Hungary’s stance against participating in the Ukrainian war efforts. He also called for peace negotiations and discussed Hungary’s distinct approach to…

Sovereignty, Economic Resilience, and the Future of Europe — Key Takeaways from the 2024 Tranzit Festival

One of Hungary’s largest political festivals, Tranzit, took place again in Tihany over the weekend. Now in its seventh year, the event featured speeches by prominent government politicians such as Péter Szijjártó, Balázs Orbán, and Antal Rogán. While the festival…

Minister of National Economy Highlights Successful Anti-Inflation Strategies

The minister highlighted that low inflation has triggered a positive chain reaction in the national economy, with its beneficial effects increasingly felt by Hungarian families and businesses….

Hungarian Economy Minister Meets with German Business Leaders to Strengthen Bilateral Ties

Hungarian Minister for National Economy Márton Nagy met with Philipp Haussmann, Deputy Chairman of the German Committee on Eastern European Economic Relations, and Barbara Zollmann, Executive Board Member of the German⁠–⁠Hungarian Chamber of Industry and Commerce on Tuesday at his…

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