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economic policy

Worker hands in protective gloves grinding with electric wheel on metal.

Hungary’s Employment Rate Rises as EU Trends Lag Behind

Hungary’s labour market continues to show remarkable strength, surpassing the European Union average in employment rates. In the final quarter of 2024 Hungary ranked sixth in employment among both men and women, reflecting consistent growth since the country’s employment turnaround…
Hungary’s Prime Minister Viktor Orbán and US President Donald Trump, 9 May 2019

Hungary, Trump, and the Rule of Law

‘There is a historic chance for US–Hungary relations to peak, and it depends in no small part on the two leading players. Even though Hungary is a member of the EU and NATO, in the last two decades, American Democratic…

Orbán Addresses Price Controls, Ukraine’s EU Membership, and Hungary’s Security

In a recent interview on public Kossuth Radio, Hungarian Prime Minister Viktor Orbán discused key economic and geopolitical concerns, including inflation, EU policies, and Hungary’s stance on the war in Ukraine….

New Measures Aim to Halt Unjustified Price Increases in Hungary

Hungary is introducing a price cap to combat unjustified food price hikes. Prime Minister Viktor Orbán announced that from mid-March, profit margins on 30 essential food items will be capped at 10 per cent, with measures in place until the…

Former Minister of Finance Mihály Varga Begins Six-Year Term at Central Bank

Hungary’s former Minister of Finance Mihály Varga was officially sworn in as the new Governor of the Hungarian National Bank on Monday, pledging to serve the interests of the nation during his six-year term starting this week….

Hungary Strengthens Economic Ties with Japan as Alpine Expands in Biatorbágy

Hungary’s Opening to the East strategy has been one of the country’s most significant economic achievements over the past 15 years, according to Minister of Foreign Affairs and Trade Péter Szijjártó. Speaking in Budapest, he stressed that Hungary rejects an…

Hungary Introduces Largest Tax Reduction Programme in Europe to Support Families

Hungary is set to implement Europe’s most extensive tax reduction programme, benefiting nearly one million families. The initiative expands personal income tax exemptions and doubles child tax allowances, ensuring substantial financial support for parents….
wage increase

Hungary’s Minimum Wage to Rise over 40 per cent in Three Years

Hungary’s minimum wage and guaranteed skilled labour wage have increased, directly impacting around one million workers and influencing wages across multiple sectors. The government has outlined a long-term plan for continued wage growth, ensuring a cumulative increase of over 40…

Government Action Spurs Wage Increases and Economic Optimism

In October 2024 Hungary saw a surge in wages, with the average gross income rising by nearly 13 per cent compared to last year. This growth, coupled with low inflation, marks the 14th consecutive month of significant real wage increases….

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…

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