Issues

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Issues

Putting Families at the Core: the Family Housing Support Program (CSOK)

In an effort to support families with children and counter negative demographic trends, the Hungarian government announced the innovative Family Housing Allowance Program, or CSOK, which would offer up to 20 million HUF of assistance per family, specifically toward home ownership. Together with a significant reduction in the value-added tax rate on newly built homes, cutting it from 27 to 5 percent, the program offers considerable financial assistance to young couples to become homeowners.

Feb 26, 2016
Issues

Stability, growth, jobs: The Hungarian model of economic recovery

In 2010, Hungarian voters went to the polls looking for change. Eight years of mismanagement of the economy by socialist-liberal governments left the country badly exposed in the financial crisis. Consumer confidence had collapsed, unemployment and the debt to GDP ratio was on the rise and so too was social instability and extremism.

Feb 24, 2016
Issues

The Paks Nuclear Power Plant in Hungary

In order to decrease its dependence on imported energy, Hungary aims to diversify its energy imports and increase the share of energy generated domestically. Nuclear energy presents an indispensable option to generate cheap energy, and the project to sustain capacity at the Paks Nuclear Power Plant will ensure that Hungary’s dependence on imported natural gas will not increase in the future.

Feb 23, 2016
Issues

How Hungary Eliminated Foreign Exchange Loans and Averted a Crisis

Parallel to the Greek sovereign debt crisis, another debt crisis has threatened the EU. The Swiss National Bank’s decision in January 2015 to abandon the exchange-rate cap against the euro, sending shock waves through several central European countries. Following the decision, the value of the Swiss franc jumped, trading on average at a rate 20 percent higher against central European currencies. The dramatic increase shook the mortgage markets, touching hundreds of thousands of families in the region.

Feb 22, 2016
Issues

The Case of the Norway Grants and NGOs in Hungary

Since 2004, Hungary has been a recipient of a program called the EEA and Norway Grants, financial contributions offered by Norway, Iceland and Liechtenstein intended to strengthen bilateral relations and reduce economic and social disparities in certain EU countries.

Feb 21, 2016
Issues

Reducing Utility Prices

“Take the reduction of household utility bills. It had been universally accepted that there can be no such thing: household utility bills cannot be reduced, they can only be increased. We said that this is not impossible, we would do it – and we did it.” Prime Minister Viktor Orbán, January 14, 2016

Feb 20, 2016
Issues

Making Family a Top Priority

Since taking office in 2010, the Orbán Government has pursued policy that gives priority to families as the core of Hungarian society in both economic and cultural terms.

Feb 19, 2016