In an interview with the EconomX YouTube channel, PM Orbán emphasized that Hungary is entering a new economic phase powered by national innovation and strategic support for domestic enterprises.
Minister Szijjártó said Donald Trump was elected in November 2024, and "it was known that he would conduct a patriotic economic policy which may include raising tariffs."
In an interview with Eurasia Magazine, I reflected on Hungary's tenure as the holder of the EU Council Presidency and the pressing challenges facing Europe.
Minister Nagy said households had felt the positive turnaround from September already and the trend would continue in 2025.
Prime Minister Viktor Orbán delivered an address at the EurAsia Forum. Stressing the urgency of strategic timing and adaptability, the prime minister outlined a vision for Hungary's place in a rapidly changing global landscape.
The draft measures will be submitted at a full cabinet meeting in September.
The budget deficit reached 107.8 billion forints for the month of June alone which is the best indicator in 22 years.
Gergely Gulyás said last year both the deficit and the public debt narrowed and the aim is to achieve the same this year.
A happier and more successful year to come: In 2024, we must focus on the internal economy
The cash flow-based budget deficit narrowed to 3,264.9 billion forints (EUR 8.4bn) at the end of September on a surplus of 33.7 billion forints for the month.
With the war in Ukraine and the EU’s misguided sanctions policy driving prices to record highs in Hungary, the government has been drafting plans to tackle inflation.
The EC forecasted Hungary’s annual GDP growth to slow down from 4.6% in 2022 to 0.5% in 2023, and then pick up to 2.8% in 2024.
The foreign minister told a forum of the UN Economic Commission for Europe (UNECE) dealing with sustainable development that dialogue and connectivity are needed.