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inflation

Minister of National Economy Highlights Successful Anti-Inflation Strategies

The minister highlighted that low inflation has triggered a positive chain reaction in the national economy, with its beneficial effects increasingly felt by Hungarian families and businesses….

PM Orbán: Patriots for Europe List Will Be Public on Monday

In his regular Friday interview with public Kossuth radio Orbán emphasized that Hungary, as the rotating president of the European Union, does not have the mandate to negotiate peace in the Russo–Ukrainian war on behalf of the EU. However, he…

Politics Versus National Strategy: A Democratic Deadlock

‘These frustrated, single thirtysomethings, who were hit hard financially in the last two years, are angrier than ever about the government’s distribution of money to families. Of course, catering to childless single adults in a rapidly developing country where population…
Aerial photo of the Pozsony (Bratislava) Castle

Slovakia May Adopt Effective Hungarian Price Monitoring System

The Hungarian price monitoring system, which will possibly be purchased by the Slovak government, is an online database developed by the government and the Hungarian Competition Authority. The system provides consumers with information on the selling prices of individual products….

Finance Minister Stresses Importance of Maintaining Disciplined Fiscal Policies

The minister stressed the importance of maintaining disciplined fiscal policies this year, aiming for an annual average inflation rate of around 5 per cent. He firmly asserted that until the inflation rate returns to a more moderate range, fiscal spending…

2023 Tourism Figures Surpass Pre-Pandemic Records in Hungary

Nearly 16 million tourists spent over 41 million guest nights in Hungary last year, with the revenues of the hospitality sector seeing a double-digit growth, surpassing inflation….

Hungarian Budget Navigates Challenges in 2023, Prioritizes Economic Recovery in 2024

The government’s primary focus for the current year is the restoration of economic growth while continuing to reduce the budget deficit and national debt….
Finance Minister Mihály Varga holds a press briefing at the headquarters of the Hungarian State Treasury on 7 December 2023.

Finance Minister: Average Inflation Rate Estimate for 2024 5.2 Per Cent

The minister noted a ruling by Hungary’s Supreme Court, declaring that Budapest could not be even partially exempt from its obligation to pay its taxes. Varga said if the Budapest city council failed to meet its obligations, the government ‘will…
Viktor Orbán arrives for the two-day meeting of EU heads of state and government in Brussels on 15 December 2023.

2024 — The Year of Sovereignty Protection

As for 2024: once we have passed the most difficult and dangerous year, we can move on to the next one, the year of sovereignty protection. We who are interested in Hungary remaining a Hungarian country….
Viktor Orbán speaking at the international press conference held as part of the Government Info press briefing on 21 December 2023.

Viktor Orbán Talks Ukraine, EU Issues at ‘Year in Review’ Press Conference

At the year-end press conference, PM Orbán explained why he chose to veto the €50 billion aid package to Ukraine at the recent EU Summit, how he views the potential Ukrainian and Swedish NATO accession, and what he believes the…

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