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Hungarians Prioritize Housing Over Consumption

The Hungarian economy could grow by 2 per cent this year, a downward revision from the 4 per cent forecast at the end of last year. This adjustment is attributed to the population’s caution in spending, which is only gradually…

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….

Hungarians Still Pays the Lowest Electricity and Gas Prices in the European Union

Despite the sanctions and the war driving up energy prices, the Hungarian measures to combat inflation and price increases are undeniably working. While EU countries scramble to look for new avenues to import electricity and gas, the Hungarian plans and…

Public Spending Review Task Force Is Not For Austerity Measures, Ministry of Finance States

The new Task Force set up by the Finance Ministry has been portrayed as a sign of austerity measures to come by the opposition media, however, the Ministry has debunked these speculations in a press release. In their statement, the…

Government Adopts Economic Defence Action Plan

He also stated that next year the country will have sufficient resources, for the first time since the regime change, to meet the NATO obligation of allocating 2 per cent of GDP to defence spending….

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….

Utility Cost Reduction Programme Available the Entire Year

Europe and Hungary were fortunate to have a mild winter, but ‘a country’s leadership cannot make an unequivocal bet that this will always be repeated,’ Energy Minister Lantos warned. Therefore, the government has decided to raise the level of the…

Opinion Poll Shows Satisfaction With Utility Cost Reduction

While last September, only 40 per cent were satisfied with the transformed utility cost reduction scheme, by March this year the same number rose to 49 per cent. Additionally, the percentage of those dissatisfied dropped from 52 to 44 per…

Gulyás: Utility Cost Reduction Programme Will Remain in Place

After reviewing the energy situation at the cabinet meeting on Wednesday, the government determined that all necessary resources are at its disposal to keep in place the utility cost reduction programme for households with average energy consumption….

Gergely Gulyás: We Need to Prepare for a Drawn-Out War

Gergely Gulyás stated that the government believes that it is necessary to prepare for a protracted war and that economic difficulties persist due to the sanctions. He added that Hungary’s position is clear: Hungary condemns Russian aggression and provides humanitarian…

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