News in Brief
Nagy: 2025 will be a 'rebound' year of 'economic recovery'
Minister Nagy said the government had responded successfully to the crises of the past five years.
Economic Recovery
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News in Brief
EC grants approval to partnership agreement with Hungary
The European Commission has granted its approval to the partnership agreement with Hungary concerning cohesion funding to the country in the 2021-2027 budgeting period.
News in Brief
FM: Hungary’s economy rebounded to pre-pandemic levels by mid-2021
The foreign minister said the Hungarian economy has “broken one record after another” in the past two years.
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Matolcsy: NBH handled 2020 crisis successfully
The NBH governor said that to eliminate the “last vestiges of the crisis”, Hungary will have to focus on competitiveness.
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Finance Minister aims to keep Hungary on growth path
Hungary does not have time to wait for Brussels to approve its post-pandemic recovery plan, the government will use credit to finance its own HUF 2,500 billion (EUR 7bn) recovery program.
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FM: Government to help companies affected by Brexit
The government has decided to put out a bid worth HUF 22 billion (EUR 63m) to help Hungarian companies impacted by Brexit.
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FM: Government approves proposals to revive Hungary's economy
The pot of subsidized loans that micro, small and medium-sized enterprises can draw on for investments is growing to HUF 300 billion (EUR 864m).
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State Secretary: Pandemic response measures successful in protecting wages and rebooting economy
Sándor Bodó said the government had also been successful in saving jobs and creating new ones after the labor market took a significant hit from the pandemic.
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Finance Minister: Hurdles surrounding Hungary’s recovery plan are political
Mihály Varga said he supported Hungary’s EU membership and would vote for its accession if the question were put to a referendum this year.
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Government approves six new proposals for relaunching Hungary’s economy
The government has now approved a total of 35 proposals put forward by the operative board set up to help jump-start the economy.
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Government adopts further proposals to restart economy
The government has adopted new proposals mostly concerning Hungary’s position in the international competition for investments.
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FM: Government approves seven more measures to accelerate economic recovery
The measures were proposed by the operative board for coordinating the economic recovery, which the foreign minister heads.
News in Brief
FM: Cooperation with Russia will help Hungary relaunch economy
“Our aim now is to be the first [in the EU] to relaunch our economy," the foreign minister said.