About Hungary beta

Ministerpräsident Orbán: „Wir sind diejenigen, die die Migration an der südlichen Grenze Europas erfolgreich gestoppt haben“

“Wir sollten die unüberhörbare Botschaft vermitteln, dass wir Veränderung wollen“, sagte Ministerpräsident Orbán in Bezug auf die Wahlen zum Europäischen Parlament am 26. Mai. „Wir wollen ein Europa, das seine Grenzen zu Land und zu Wasser schützt.“

Read more

PM Orbán: “We are the ones who successfully stopped migration at the southern border of Europe”

"We want change" in the EP elections

Read more

ICYMI: US Ambassador Cornstein denies sanctions story as fake news

Another attempt to fling mud at Hungary

Read more

PM Orbán: We have reinforced our relationship as allies on several important fronts

The relationship has taken on a new air.

Read more

President Trump on the “very good” relationship with Hungary: PM Orbán has done the “right thing” on immigration

“[Hungary is] a member of NATO. And a very good member of NATO,” said President Trump.

Read more

GDP

brief placeholder

News in Brief

Hungary's GDP growth highest in the EU

May 16, 2019

Hungary’s Q1 GDP growth is the highest in the EU, out of the 20 member states who have submitted their figures so far

brief placeholder

Blog

Did you know that Hungary ranks among EU’s leaders on these fiscal and growth numbers?

May 08, 2019 - Zoltán Kovács

Hungary’s public debt has fallen by 10 percentage points since 2010 and GDP growth in 2018 hit a 15-year high.

brief placeholder

News in Brief

Hungary’s annual GDP growth accelerated to 5.0 percent in Q4 2018

Feb 14, 2019

KSH said in a statement that “most branches of the national economy contributed to growth, market-based services to the greatest degree”

brief placeholder

News in Brief

Hungary’s tax-to-GDP ratio sees largest decline in the European Union

Dec 03, 2018

The finance ministry said the government’s tax policy focuses on cutting taxes and simplifying tax administration and the tax cuts will continue

brief placeholder

News in Brief

Hungary's third-quarter GDP grows by 5 percent year-on-year

Nov 15, 2018

Mihály Varga noted that the Q3 growth rate was two-and-a-half times the European Union average and the second-highest among all member states

brief placeholder

News in Brief

European Commission raises Hungary’s GDP growth forecast

Nov 09, 2018

The European Commission has raised its forecast for Hungary’s GDP to 4.3 percent in 2018 and 3.4 percent in 2019

brief placeholder

News in Brief

Hungary’s construction sector output increased by an annual 35 percent in December

Feb 14, 2018

KSH said the output of the building segment benefited from the construction of homes, schools and cultural buildings, as well as industrial facilities. In civil engineering, construction of highways and railways supported the rise

brief placeholder

News in Brief

Hungary predicts GDP growth of around 4.3 percent in 2018

Jan 17, 2018

Ágnes Hornung, minister of state for Financial Affairs at the Ministry for National Economy, said that based on early figures GDP growth in 2017 was close to 4.1 percent, which will accelerate to 4.3 percent in 2018

brief placeholder

News in Brief

Hungary’s construction sector output rose by an annual 30.7 percent

Jan 16, 2018

The phenomenal increase came from a low base but still signals an improving economy and thriving construction sector

brief placeholder

Blog

Hungary’s economy gaining steam: GDP growth up, unemployment down, more growth to come in 2018

Jan 16, 2018 - Zoltán Kovács

Hungary’s economic turnaround is gaining steam. Official data from the fourth quarter shows GDP growth will reach 4.1 percent in 2017, and the unemployment rate has fallen to 3.8 percent, Minister for National Economy Mihály Varga said recently.

brief placeholder

News in Brief

Hungary's GDP growth rate far above EU average

Jan 03, 2018

Official data from the fourth quarter shows a GDP growth rate of 4.1 percent in 2017. This figure is well above the EU average, and that signals that Hungary’s economic convergence has continued, Hungary's economy minister said

brief placeholder

News in Brief

Hungary's volume of construction output grew by 35.4 percent year-on-year

Jul 14, 2017

Hungary's output increased in both main construction groups, in the construction of buildings and in civil engineering works

brief placeholder

News in Brief

Hungary says that in order to restore political and social support for international free trade agreements national and global interests must be harmonized

Jun 09, 2017

Péter Szijjártó, minister of Foreign Affairs and Trade, emphasized the openness of the Hungarian economy and how the nation constantly looks at international agreements to boost economic performance

brief placeholder

Blog

Upbeat economic outlook, says PM Orbán, “encourages us to dream big and not lay back”

Mar 01, 2017 - Zoltán Kovács

Hungary’s economy hit the ground running this year. The major indicators are trending positive and international investors have taken note. Signs of a strong recovery, however, do not mean we can rest. Instead, said Prime Minister Orbán, it means that it’s time to dream big.

brief placeholder

News in Brief Prime Minister

PM Orbán opens spring session of Parliament: 'The Hungarian economic model is working'

Feb 21, 2017

PM Orbán said the government’s deficit target of 2.4 percent of GDP this year was “clearly” achievable. Hungary’s economy grew by 2 percent last year

brief placeholder

News in Brief

Hungary's GDP is set to grow by 4.1 percent next year

Dec 21, 2016

The National Bank of Hungary (MNB) has also upped its 2017 GDP growth forecast in its fresh Inflation Report

brief placeholder

News in Brief

Hungary's industrial output on the up

Oct 10, 2016

Hungary's industrial output has risen by an annual 11.1 percent and is predicted to rise even further over the coming months

brief placeholder

News in Brief

'Orbanomics' is paying off for Hungarians

Sep 23, 2016

Two of the three main credit agencies upgraded Hungary to investment grade this year, recognizing for the first time that Orbanomics is working

load more