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inflation

Viktor Orbán: ‘Brussels is preparing for war while Hungary is committed to peace’

Hungarian Prime Minister Viktor Orbán accused opposition parties of engaging in a ‘competition of provocations’ ahead of next year’s elections. Speaking on public Kossuth Radio, he addressed topics ranging from rural development and economic measures to European security and Hungary’s…

Price Margin Cap on Essential Foods Is Initiated Today

Hungary has introduced a retail profit margin cap limiting markups to a maximum of 10 per cent for around 1,000 essential food products across 30 categories. The regulation, effective from Monday, aims to curb rising food prices and protect household…

Orbán Addresses Price Controls, Ukraine’s EU Membership, and Hungary’s Security

In a recent interview on public Kossuth Radio, Hungarian Prime Minister Viktor Orbán discused key economic and geopolitical concerns, including inflation, EU policies, and Hungary’s stance on the war in Ukraine….

Trump Initiates Trade War: Risks and Potential Consequences

‘President Donald Trump carried out his promise to impose 25 per cent tariffs with no clear rationale on America’s two biggest trading partners, Canada and Mexico. They were first due to take effect last month but then both countries were…

PM Orbán Pledges Bold Tax Reforms and Inflation Control

Prime Minister Viktor Orbán has outlined his government’s ambitious plan to restructure Hungary’s tax system with families at its core. In a radio interview, he reaffirmed his commitment to boosting birth rates through tax benefits while pledging decisive action against…

Minister for National Economy: 2025 Is Hungary’s Economic Breakthrough Year

Hungary is on the brink of an economic breakthrough, with at least eight key indicators pointing to a positive shift, according to Minister for National Economy Márton Nagy. Speaking at the Companies for the Future Award gala in Budapest, he…
wage increase

Hungary’s Minimum Wage to Rise over 40 per cent in Three Years

Hungary’s minimum wage and guaranteed skilled labour wage have increased, directly impacting around one million workers and influencing wages across multiple sectors. The government has outlined a long-term plan for continued wage growth, ensuring a cumulative increase of over 40…
Economy-inflation Illustration (Pixabay)

Curbed Inflation Spurs Confidence in Economy in Hungary

Hungary’s government has succeeded in controlling inflation following the economic challenges of war and the energy crisis. With the average inflation rate dropping to 3.7 per cent in 2024 and forecast to reach 3.2 per cent in 2025, the outlook…

Balázs Orbán: ‘2024 was a lot better than the year before, but not as good as what we will see this year’

Political Director Balázs Orbán has talked to the Hungarian business site Portfolio.hu. In it, he expressed optimism about the incoming Trump administration ending the war in Eastern Europe, which would be very beneficial for the region’s economy. ‘If there is…

The Donald’s Great Comeback: the Election of 2024

President Trump, after overcoming multiple indictments, one conviction, and two assassination attempts, completed the Great American Comeback story and won the 2024 US presidential election, becoming the 45th and 47th President of the United States. He also delivered the first…

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