News in Brief
Nagy: Government expects the economy to grow by 2-3% this year
Minister Nagy said Hungary would not achieve 4% GDP growth this year because of a temporary weakening of its export markets.
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News in Brief
FM: Hungary is "a living example" of common sense leading to economic growth
The foreign minister said cooperation with the OECD had helped Hungary with enacting common-sense economic strategy decisions in recent years.
News in Brief
EC growth forecast shows Hungary could be among EU countries with highest economic growth in 2024
Finance Minister Mihály Varga said the projected 2.4% growth for Hungary is well above the EU average of 1.3%.
News in Brief
Finance Minister: 2024 will be the year of boosting Hungary’s economic growth
While 2023 had been a better year for the central budget than 2022, it was not as good as what the government expects from this year, the finance minister said.
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PM Orbán: Putting Hungarian economy back on a growth path is a realistic goal
Asked what Hungary can be most proud of in 2023, the prime minister noted the Nobel prizes received by Hungarian scientists Katalin Karikó and Ferenc Krausz.
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Finance Minister: Hungary’s economy is expected to grow by 3-4% in 2024
The finance minister said the conflict in Ukraine dampened growth, but Hungary is expected to expand again in 2024.
News in Brief
Nagy: Hungarian economy has the foundations in place for continued economic growth
Márton Nagy, the economic development minister, said Hungary’s economic strategy is sound and only needs some fine-tuning.
News in Brief
Gulyás: Economic growth is expected to return next year
Hungary may enjoy the highest economic growth in the region in 2024.
News in Brief
Finance Minister: Hungary’s economy is expected to grow by 4% next year
Minister Varga said the investment rate in Hungary was high, at 28% of GDP, “the highest rate in the EU”, promising good prospects for the upcoming period.
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Finance Minister: Aim of 2024 budget is to protect Hungary's security, families, pensions, jobs and utility price caps
The draft budget calculates a 4% economic growth and a deficit of 2.9% of GDP. State debt is expected to go down to 66.7%, and inflation to an annual 6%.
News in Brief
Finance Ministry: Hungary’s economy to avoid a recession in 2023 and return to steep growth next year
The economy’s foundations are robust, with one of the lowest unemployment rates in the EU and the number of jobholders stable at around 4.7 million.
News in Brief
EBRD forecasts annual economic growth for Hungary of 0.4% this year
The EBRD sees Hungary’s GDP growth picking up to 3.5% in 2024 as external demand improves and real incomes recover.
News in Brief
Finance Minister: Hungary is on a growth path both this year and next
The finance minister said Hungary’s development level has increased to 77.7% of the European Union average from 66.1% in 2010, allowing the country to overtake Portugal, Romania and Slovakia, among others.