Hungary advances three places in global competitiveness ranking
When it comes to IMD’s ranking, Hungary is now ahead of Poland and Slovakia but still trails Czechia
Hungarian minister debunks opposition claims about inflation rate being highest in Europe
Hungarian inflation is currently slightly above the EU average
Hungary had highest economic growth in the EU in 2021
The country’s GDP grew by 7.1 percent, far outpacing the European Union average of 5.2 percent
Hungary pays tax refund to families with young children
The rebate offered by the government to encourage couples to have children amounts to €1.72 billion
World Bank raises Hungary’s economic growth forecast for 2021 and 2022
It expects GDP growth to remain above 4 percent in 2023 as well
Hungary ended 2021 as ‘investment grade’ at Big Three ratings agencies
All major balance indicators look good, according to Hungary’s finance minister
The EU could cut funding to Hungary, but the country has some options
With the threat of EU funding to Hungary being cut over ideological differences, the conservative country issues $4.25 billion plus €1 billion in bonds to pre-finance its economic recovery
Hungarian economy: Central Bank and finance minister at odds on budget spending
Financial journalist Csaba Szajlai takes a dispassionate look at the debate between Finance Minister Varga and Central Bank head Matolcsy.
Hungarian investments at historic high
€7.9 billion worth of investments in Q2 2021.
Hungary spends record amount on higher education
Spending on higher education in Hungary is 50 percent above the EU average
Hungary posts highest-ever Q2 GDP growth
Finance Minister Mihály Varga said detailed data show that economic growth has a healthy composition
Hungary must pursue its own crisis management – commentary
Hungary’s economic policy should not be constrained by the European Union’s artificial expectations, Finance Minister Mihály Varga wrote in the Figyelő business magazine
Hungary could become a net lender in three years
The improving trend remains unbroken
Rebooting the economy is the key element of Hungary’s 2022 budget
Previous growth potential could return as soon as next year
Hungary jumps five places in global competitiveness list
Hungary also ranks second among the Visegrád nations
Hungary’s left-wing opposition would put a huge hole in the country’s budget
Hungary’s 2022 budget focuses on ‘rebooting’ economy
The economic reboot program is the largest budget initiative in modern Hungarian history
Hungary pours billions into its pharmaceutical industry
More than HUF 5 billion in state subsidies to three pharma companies
Hungary drops income tax for citizens under 25 to stop youth emigration
Following the Polish example, PM Viktor Orbán announced that Hungary is dropping income tax for people under 25
Hungary is the second biggest tax cutter in the OECD, FinMin Varga says
Taxes have been falling since 2010
Hungarian Finance Minister plays ‘Smoke on the Water” on electric guitar
Finance Minister gives interview to local hard rock magazine
Hungary has won its first battle against the coronavirus
Hungary entered the pandemic with a robust economy and already shows signs of recovery
Hungary launches €398 million zero-interest loan scheme for small businesses in coronavirus stimulus package
The small business loans will be a part of a larger 420 billion forint (€1.22 billion) stimulus program
Hungary plans 4.8% GDP growth, lower public debt in 2021 budget
More funding for education, healthcare, and public sector are seen in the new Hungarian budget
Hungary’s finance minister references 1848 cholera pandemic while submitting 2021 budget
In 1848, Hungary also requested budget money to battle a cholera pandemic that killed an estimated 100,000 people
Hungary pours another €1.19 billion into economic recovery during coronavirus crisis
The money will be directed at job preservation and investments
Coronavirus makes Hungary’s economic growth unpredictable: finance minister
Due to uncertainty of coronavirus impact, GDP growth may suffer serious shock
Joining the eurozone wouldn’t be a good move: Hungarian finance minister
Premature entry would do more harm than good
Hungary needs to expand its economic protection plan: finance minister
Hungary’s Q3 GDP growth 4.8%, finance minister says
The economy is sounder than ever.
Eurozone financing cannot supersede long-term EU interests
The financing of the Eurozone cannot surpass the long-term interests of the European Union, Hungarian Finance Minister Mihály Varga said in Brussels at an extended meeting of the Eurogroup, the finance ministers of the Eurozone.
International Investment Bank moves headquarters to Budapest
The International Investment Bank will relocate its headquarters from Moscow to Budapest, news portal Origo reports.
Finance Minister: Hungary to devise economic protection program
While Hungarian economic growth is expected to remain strong, the cabinet will devise a protection program for the economy to offset potential negative effects from the global market, Finance Minister Mihály Varga said.
Hungarian wages rose 10.8 percent year-on-year
Both gross and net nominal wages rose by 10.8 percent in October compared with the same month of 2017, Finance Minister Mihály Varga said.
Finance Minister: Hungary does not support eurozone budget
Hungarian employment rate at all-time high
The employment rate in Hungary has reached an all-time high of 69.8 percent this year compared with 56 percent in 2010, Hungarian Finance Minister Mihály Varga said in an interview on state television channel M1.
Finance Minister: Hungary’s Q3 GDP at ten-year high
Flat tax for small businesses is a runaway success in Hungary
A flat tax on small enterprises has become a huge success in Hungary since its introduction in 2013, Finance Minister Mihály Varga said.
Hungarian economic whitening gains international recognition
Several European countries are looking at how Hungary has managed to significantly whiten its economy, Finance Minister Mihály Varga said after an extended meeting of the Eurozone finance ministers.
Central Europe is one of the EU’s fastest-growing regions
Hungarian family tax rebate at record high
Last year the family tax rebate in Hungary was twenty times as high as during the last liberal government, Finance Minister Mihály Varga said.
Finance Minister: EU budget talks are pointless now
Hungarian wages rise by 11.2 percent year-on-year in June
Hungarian net wages rose by 11.2 percent year-on-year in June due to a better economic performance, Finance Minister Mihály Varga said.