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economy

Nézőpont Institute Debunks Suggestion that Romania Has Surpassed Hungary in Terms of Economic Growth

There have been misleading press reports suggesting that now Hungary lags behind Romania, based on Eurostat’s fresh data that say that in 2022, Hungary’s GDP per capita at purchasing power parity was 76.6 per cent of the EU average, while…
Finance Minister Mihály Varga at the award ceremony recognizing the best service dogs of the Hungarian National Tax and Customs Administration on 14 June 2022.

Tax Authority’s Shift to a Customer-Focused Mindset Has Proven a Success

Speaking at the National Tax Consultation event organized by the National Tax and Customs Administration (NAV), Finance Minister Mihály Varga stated that with the change in the tax authority’s mindset, NAV has succeeded in becoming a customer-friendly office. He highlighted…

Hungary Breaks Records in Investments and Exports in 2023

This year, Hungary is set to break both investment and export records, with incoming foreign direct investment doubling from the previous year to €13 billion and Hungarian exports increasing from €142 billion in 2022 to €150 billion….

Revolutionizing Energy Storage: Debrecen Researchers Unveil Advanced Zinc-Based Battery

The researchers affiliated with the applied chemistry department of the University of Debrecen have been engaged in a prolonged exploration of the usability of renewable energy and its storage possibilities….

Viktor Orbán: Policies Built on Ethnic Foundations Have a Future in the Carpathian Basin

According to the Hungarian government, ‘preserving the ethnic foundations is our joint responsibility’, and as long as that exists, the politics based on ethnic groups also has a future, the Hungarian prime minister said….
The building of the Mercedes plant in Kecskemét.

Government Launches Automotive Supplier Development Programme

On the basis of the ten-point proposal developed by the Ministry of Economic Development, the Hungarian government is launching a 2.9 billion forint Automotive Supplier Development Programme to enhance the role of Hungarian businesses as suppliers of multinationals in Hungary….

Hungarian Economy Expands in the Third Quarter

Hungary’s economy expanded by 0.9 per cent in the third quarter of this year compared with the previous quarter, adjusted data show, and contracted by 0.4 per cent year on year, based on unadjusted data, the Central Statistical Office (KSH)…
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 Reiterates the Government’s Stance on Migration and Hungary’s Economic Outlook

In his regular Friday morning interview with public Kossuth radio, Viktor Orbán addressed issues such as migration, the economy and Ukraine’s EU accession….
Balázs Orbán interviewed in Paris on 9 November 2023.

Balázs Orbán: Hungary Needs to Become a Meeting Point in Economic, Cultural, and Political Terms

Balázs Orbán presented the French version of his book The Hungarian Way of Strategy at a roundtable discussion organized by the Hungarian consulate in Paris. The second part of the book, focusing on economic issues, is expected to hit the…

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