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Elon Musk Invited to Hungary By President Katalin Novák

The social media giant’s owner commented on Tucker Carlon’s interview with PM Viktor Orbán on X (Twitter), praising Hungary for its family protection measures. In response, President Novák invited him to the Budapest Demographic Summit this fall. Jordan Peterson also…

Government Measures Prove Effective Against Inflation

For the government, the successful fight against inflation is a key issue as it aims to restore the previous trend of continuous wage growth, disrupted by the protracted war and the misguided sanctions….

Government Measures Halved the Inflation of Food Prices

Government spokesperson Alexandra Szentkirályi noted on public radio that inflation decreased to 17.6 per cent in July, representing a 2.5 per cent decrease compared to the previous month, and a 0.9 per cent decrease in food prices. On an annual…
Worker hands in protective gloves grinding with electric wheel on metal.

Government Remains Committed to Protecting Jobs

Based on the latest data, nearly 4.8 million people are employed in Hungary, and the unemployment rate stands at 3.8 per cent, well below the EU average. The data reflects that the Hungarian labour market remains tight, and employment is…

Food Prices Drop Significantly Thanks to Price Monitoring System

According to the ministry’s statement issued on 4 August, in July the average prices of products in 62 product categories decreased by an average of 7.7 per cent. This reduction was a result of price decreases in 53 product categories…

Increased Mandatory Food Price Reductions Come into Effect Today

To further intensify price competition, the government decided to raise the level of mandatory discounts from ten per cent to at least 15 per cent starting today….

Survey Shows Hungarians Feel Their Jobs Are Safer Now than Last Year

The CEO of BNP Paribas Cardif, Márk István Kiss, noted in the press release presenting the results of the survey that the rising prices and the challenging economic situation have not significantly impacted labour market processes, and the mood of…

Mihály Varga: The 2024 Budget is a Defence Budget

The 2024 budget is a defence budget because during times of war, Hungary needs a budget that guarantees its security, protects families, pensions, jobs, and reduces utility costs, the Hungarian finance minister stated in parliament on Tuesday….

Mandatory Discount Programme in Grocery Stores in Effect Starting Today

Starting from today, the mandatory discount programme has been launched in grocery stores all over the country to make sure Hungarian families have access to basic foodstuffs at affordable prices….

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