News in Brief
FM: 2023 brought “all-time records” in Hungary’s foreign trade
In 2023, exports totalled 150 billion euros, 4.5% up from the previous year, while the foreign trade surplus was also at a record high.
Hungarian Chamber of Commerce and Industry
H
News in Brief
PM Orbán: Conditions are favorable for a stable economic policy
The prime minister said that until 2020, Hungary was on an upward path, but then the pandemic and the war in Ukraine forced the country to “shift to lower gear”...
News in Brief
PM Orbán: Government has been grappling with “a very high inherited debt rate”
The prime minister said the government reined it in, but “it went up again after the pandemic”.
Speeches and Remarks
Address by Prime Minister Viktor Orbán at the Hungarian Chamber of Commerce and Industry’s opening event of 2024
4 March 2024, Budapest
News in Brief
Finance Minister: Government planning further tax cuts for SMEs
Minister Varga said the government is committed to cutting red tape and taxes for companies.
News in Brief
PM Orbán: Government is continuously reforming vocational training
The prime minister said that the number of vocational school applicants has been rising for years, and their academic performance was also improving.
News in Brief
Government expects Hungary's economic growth to continue
Minister Varga said major resources are expected to be spent on energy-efficiency developments and businesses can participate in these as suppliers.
News in Brief
PM Orbán: Cabinet focused on the economy
The prime minister said changes had been made because it had become clear that the sanctions imposed by Brussels had resulted in a rapid rise in energy prices, and the issue of energy had become the key to economic success and the country’s financing.
News in Brief
PM Orbán: Hungarian economy to provide jobs for Hungarians first
The prime minister said Hungary will need some 500,000 new workers in the coming 1-2 years.
News in Brief
PM Orbán: Hungary will stay out of the Russia-Ukraine war
“We will be under great pressure, but we are strong enough to stay out of the war,” PM Orbán said.
Blog
PM Orbán: Europe's power and economic architecture is being reshaped by the current war
The focus of the 2022-26 government is and will be on the economy.
News in Brief
FM: Hungary had come out from the coronavirus crisis as a winner
The foreign minister said the past 12 years “have made it clear what a competitive edge a country will gain through quick decision-making supported by political stability”.
News in Brief
Finance Minister: Hungary must remain a European growth leader
Mihály Varga said Hungary must remain a European growth leader in the next few years in order to regain its development potential enjoyed before the pandemic.