When it comes to IMD’s ranking, Hungary is now ahead of Poland and Slovakia but still trails Czechia
Hungarian inflation is currently slightly above the EU average
The country’s GDP grew by 7.1 percent, far outpacing the European Union average of 5.2 percent
The rebate offered by the government to encourage couples to have children amounts to €1.72 billion
It expects GDP growth to remain above 4 percent in 2023 as well
All major balance indicators look good, according to Hungary’s finance minister
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
Financial journalist Csaba Szajlai takes a dispassionate look at the debate between Finance Minister Varga and Central Bank head Matolcsy.
€7.9 billion worth of investments in Q2 2021.
Spending on higher education in Hungary is 50 percent above the EU average
Finance Minister Mihály Varga said detailed data show that economic growth has a healthy composition
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
The improving trend remains unbroken
Previous growth potential could return as soon as next year
Hungary also ranks second among the Visegrád nations
The economic reboot program is the largest budget initiative in modern Hungarian history
More than HUF 5 billion in state subsidies to three pharma companies
Following the Polish example, PM Viktor Orbán announced that Hungary is dropping income tax for people under 25
Taxes have been falling since 2010
Finance Minister gives interview to local hard rock magazine
Hungary entered the pandemic with a robust economy and already shows signs of recovery
The small business loans will be a part of a larger 420 billion forint (€1.22 billion) stimulus program
More funding for education, healthcare, and public sector are seen in the new Hungarian budget
In 1848, Hungary also requested budget money to battle a cholera pandemic that killed an estimated 100,000 people
The money will be directed at job preservation and investments
Due to uncertainty of coronavirus impact, GDP growth may suffer serious shock
Premature entry would do more harm than good
The economy is sounder than ever.
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.
The International Investment Bank will relocate its headquarters from Moscow to Budapest, news portal Origo reports.
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.
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.
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.
A flat tax on small enterprises has become a huge success in Hungary since its introduction in 2013, Finance Minister Mihály Varga said.
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.
Last year the family tax rebate in Hungary was twenty times as high as during the last liberal government, Finance Minister Mihály Varga said.
Hungarian net wages rose by 11.2 percent year-on-year in June due to a better economic performance, Finance Minister Mihály Varga said.
