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economy

2023 Tourism Figures Surpass Pre-Pandemic Records in Hungary

Nearly 16 million tourists spent over 41 million guest nights in Hungary last year, with the revenues of the hospitality sector seeing a double-digit growth, surpassing inflation….
Hungarian Agriculture Minister István Nagy.

Hungary to Boost Agricultural Ties with China

Agriculture Minister István Nagy of Hungary met with his Chinese counterpart, Ma Youxiang, to discuss closer cooperation efforts between the two countries….

Agriculture Minister Calls for Solidarity in Response to EU’s Handling of Ukrainian Grain Issue

‘If we disrupt the triple unity of competitiveness, preserving the quality of our created world, and ensuring food security, then the system will not be sustainable. Farmer protests draw attention to the fact that access to agricultural subsidies is too…
Finance Minister Mihály Varga holds a press briefing at the headquarters of the Hungarian State Treasury on 7 December 2023.

Finance Minister: Average Inflation Rate Estimate for 2024 5.2 Per Cent

The minister noted a ruling by Hungary’s Supreme Court, declaring that Budapest could not be even partially exempt from its obligation to pay its taxes. Varga said if the Budapest city council failed to meet its obligations, the government ‘will…

Vietnamese Prime Minister‘s Visit to Hungary ‘Crucial’, Orbán Says

According to the Hungarian Prime Minister, it is ‘easy to predict’ that Vietnam will emerge as one of the winners of the coming era. ‘Such transformations herald opportunities as well as risks. We see the new world economic era as…

Central and Eastern European Economies Begin 2024 with Stable Sovereign Credit Prospects, Reports Moody’s

According to the ten-page study by the international credit rating agency, the stable outlook is supported by the region’s expected robust macroeconomic performance. In addition, the economies of the countries in the region have been relatively resilient to the European…

Hungary Emerges as a Top Performer in EU Fund Utilization

Despite constant criticism from the left, Hungary is one of the few EU countries that have managed to fully draw down the EU funds for the 2014–2020 period. The €32.08 billion has been allocated to several tangible projects in recent…

Hungary Is Doing Well — Even Amidst the Endless Battle for Its Interests and the Future of the EU

We can say, albeit cautiously, that 2023 was a year of struggle for many of us, but a year of achievements and success, too. If we take the word ‘struggle’ out of the previous sentence, we could even turn this…

Youthful Aspirations: Hungary’s Holistic Approach to Empowering the Next Generation

The family policy of the Hungarian government, among other things, supports the country’s youth through family benefits that can be availed during their higher education, as well as income tax exemption for individuals under 25 and mothers under 30….

Economist Sven R. Larson: ‘Hungary deserves respect, not critique’ from EU

‘Since Viktor Orbán became prime minister, his country has had one of the strongest economies in Europe. While the economies of Germany and France have been sputtering and stumbling, Hungary has continued to set an example of economic prowess and…

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