News in Brief
Nagy: Europe needs a 'competitiveness turnaround'
Minister Nagy said the EU needed to catch up with the US and China if it didn't want the competitiveness gap to widen further.
Competitiveness
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News in Brief
Finance Minister: Hungary's EU presidency will continue to improve competitiveness
Minister Varga pointed to the need for lower energy prices and a reduction in the VAT burdens of businesses.
News in Brief
State Secretary: Agreement on 2025 EU budget reached after 'intensive discussions'
The 2025 budget contained EUR 199.4bn of total commitments and EUR 155.2bn of total payments.
News in Brief
Justice Minister: Europe is in big trouble
Minister Tuzson said the EU is behind in the areas of digitalisation and AI, adding that they would be an important tool in legal work.
News in Brief
Finance Minister: Europe's job is to concentrate on improving its competitiveness
A proposed package of European Union regulations on VAT in the digital age approved by EU finance ministers will allow businesses to register for VAT purposes once for all member states.
News in Brief
FM: Europe should work together in the interest of achieving peace
Minister Szijjártó said "a possible new economic Cold War" and the world falling into new blocs were "a great threat" and were in sharp contrast with Hungary's interests.
News in Brief
Nagy: A new economic order is taking shape in the world
Some of the EU's measures have contributed to the formation of blocs and could pave the way for an "economic cold war", Minister Nagy said.
Blog
PM Orbán: Economic neutrality is a difficult task, but we must be ready to embrace it
Earlier today, Prime Minister Viktor Orbán delivered a keynote address at the "European Competitiveness and Hungarian Economic Neutrality" event held at the National University of Public Service.
News in Brief
Finance Minister: EU is increasingly lagging in global competition
Minister Varga said Hungary had spent a total of 700 billion forints (EUR 1.8bn) on border protection in recent years.
News in Brief
Economic Development Minister meets Italian counterpart in Budapest
The ministers discussed the economic situation in their respective countries as well as economic policy developments in the European Union.
News in Brief
Hungary jumps three places in competitiveness ranking
Finance Minister Mihály Varga said that since 2017, Hungary has improved its position by 13 places.
News in Brief
Finance Minister: 1,700 Hungarian companies to receive development support
Mihály Varga said the support is mainly for boosting competitiveness and efficiency through the purchase of new technology.
News in Brief
Hungary jumps five places in IMD competitiveness report
Hungary has jumped five places to 42nd in a report published by the Swiss IMD World Competitiveness Center.