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Hungary Calls for Fair Burden-Sharing in EU Border Protection Financing

In a missive addressed to European Commissioner for Budget and Administration on Thursday, the Hungarian Minister of Finance recalled that there is a long-standing consensus that the defence of the European Union’s borders is a collective responsibility of the member…
Finance Minister Mihály Varga and Zoltán Kurali, CEO of the Government Debt Management Agency arrive for a press briefing in the Ministry of Finance on 1 December 2023.

Hungarian Government Maintains Budget Stability Amidst Global Challenges

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local…

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…

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….

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….

Families Prefer to Keep Savings in Government Bonds, Ministry Says

As a result of a series of government initiatives, both households and institutional players have significantly increased their holdings of government bonds. In an unprecedented manner, households now hold a larger amount of government bonds than bank deposits….
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…

Viktor Orbán: Multinational Retail Chains Behave Like Speculators

The prime minister stressed that the Hungarian government needs to be sharp because multinational companies behave like speculators. Food retail chains raise prices even when there is no reason for it, using high energy costs as a pretext. At the…

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