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economy

Mihály Varga Speaks of the Importance of Financial Independence

The minister reminded all that the independent Hungarian Ministry of Finance was the first lasting success of the revolution. In April 1848, Lajos Kossuth began working on the establishment of the ministry, and it started its operations in May of…

Gergely Gulyás: Despite the Hardships of Last Year, Hungary’s Security Was Protected

Gergely Gulyás explained that since the previous cabinet took office in 2018, numerous changes have occurred in world politics and the economy, and the government elected in 2022 had to face completely different challenges than it did four years earlier….

University of Debrecen Signs Agreement with BMW Group

‘University of Debrecen Foundation Board of Trustees chairman György Kossa said that when two global brands, BMW and DE, come together, it sends a strong message to the students studying at the university, and to the residents of the region…

Public Spending Review Task Force Is Not For Austerity Measures, Ministry of Finance States

The new Task Force set up by the Finance Ministry has been portrayed as a sign of austerity measures to come by the opposition media, however, the Ministry has debunked these speculations in a press release. In their statement, the…

Hungary Can Expect a Great Tourist Season, Tourism Agency CEO Says

In a recent interview with business news site Világgazdaság, Hungarian Tourism Agency CEO Péter Horváth highlighted that the number of guest nights booked by foreign visitors to Hungary is on the rise, while domestic tourism has shrunk, which is in…

Hungarian Friar Csaba Böjte Launches Peace Mission

The most significant Hungarian Christian response to Pope Francis’ Economy of Francesco initiative and his peace mission has been the launching of the ‘Noon Bell – Pulsatio Meridiana, the Voice of Oikophilia’ regenerative economic platform (PM), which is planned to…

Integrity Authority Publishes Thorough Report of 2022

The authority was established to protect the money of European Union taxpayers, making sure that it is spent appropriately and in a targeted fashion. However, their goal is more ambitious, aiming to initiate a kind of cultural change in the…

High-Tech Industries Serve as the Backbone of Hungarian Economics

Márton Nagy described Hungary’s achievements in technology and knowledge transfer as remarkable. According to the Global Innovation Index, Hungary ranks 7th in terms of the utilisation of knowledge in the local economy….

Hungary Named Guest of Honour At World Power Battery Conference

In his video message sent to the conference taking place in Yibin, China, Foreign Minister Péter Szijjártó praised the mutually beneficial strategic cooperation between Hungary and China, and called Hungary ‘a meeting point of Western and Eastern investors’….

Viktor Orbán: We Need Energy to Come to Europe from Central Asia

In a press statement released following his meeting with President Serdar Berdymukhammedov, Viktor Orbán said ‘we need energy to come to Europe from Central Asia,’ and for this, new sources, new routes, and new infrastructure are needed. Turkmenistan can be…

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