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inflation

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….

Single Digit Inflation on the Horizon, Chief of the PM’s Office Says

During a scheduled press conference, Gergely Gulyás said the government expects inflation to drop significantly by the end of November. Regarding the frozen EU funds, he noted that Hungary is obviously functioning without them as well….

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….

KSH: Inflation Dropped Significantly in September

Inflation fell for the eighth month in a row after peaking at 25.7 per cent in January. Food prices rose by 15.2 per cent in September, after a 19.5 per cent increase in the previous month….

National Bank: Consumer Price Index Expected to Drop by 7–8 Per Cent

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect….

PM Orbán: Pensioners Are Better Off Now Than in the Gyurcsány Era

Viktor Orbán discussed the recently announced pension raise on public radio today. As for the broader topic of inflation, he expressed his conviction that his government will curb it by the end of the year, down to single digits, opining…

The Most Important Task of the Government is to Control Inflation

Mihály Varga pointed out during the introductory economic policy roundtable discussion that the government has taken measures to reduce inflation risks, which have yielded results. This is confirmed by the analyses of major credit rating agencies, which are ‘filled with…
Government spokesperson Alexandra Szentkirályi and Chief of the PM's Office Gergely Gulyás on their way to the government press briefing on 13 September 2023.

Gulyás: Government May Extend Ban on Ukrainian Grain if EC Fails to Act

At an extraordinary government press briefing on Wednesday, chief of the PM’s Office Gergely Gulyás said the government may impose a ban on Ukrainian grain imports after 15 September within its own competence if the EC fails to act….

Energy Shock and Diplomacy: Japan and Hungary in the Same Predicament?

As Japan’s example continues to illustrate, hope and one’s true objective must never be forgotten, let alone given up. For Hungary, as for Japan, national interests and the progress of the nation constitute both the foremost goal and the means…

Measures Increase Interest toward Government Bonds

The Ministry of Economic Development said in a statement that the increased demand for government bonds has both directly and indirectly improved the government’s self-financing capability, reduced government interest expenditures, and managed to preserve the real value of citizens’ savings….

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