News in Brief
Nagy: Government aims to protect Hungary’s investment- and export-led economy
Thanks to levying a tax on excessive corporate profits, the government managed to protect consumers, said Márton Nagy, the minister of economic development.
Márton Nagy
M
News in Brief
Minister Nagy looking at ways to develop Hungary and Uzbekistan’s trade
Hungary and Uzbekistan had agreed earlier this year to set up a 50 million euro joint strategic equity fund to support Hungarian market players operating in Uzbekistan.
News in Brief
Minister Nagy holds talks with new Dunaferr owner
The government and Liberty Steel are cooperating closely on ensuring the stable operation and development of Dunaferr.
News in Brief
Nagy: Hungary’s biggest task is to reduce inflation to single digits
Minister Nagy said the government had introduced effective measures to reduce inflation, such as compulsory price cuts for retailers and an online price monitoring system.
News in Brief
Economic Development Minister meets South Korean execs
South Korean companies formed the biggest group of investors in Hungary last year, ploughing around 1,100 billion forints (EUR 3bn) into the country.
News in Brief
Stores will sell certain products at reduced prices from June 1
The measure, aimed to protect families and pensioners and to offset the fallout from the war and the consequences of sanctions on Russia, comes with an online price monitoring system to be introduced in July.
News in Brief
Minister discusses proposal on requiring larger supermarkets to offer regular discounts on food
The economic development ministry said in a statement that consultations focused on finalizing the details of the draft decree. Mandatory discounts on products would be in force from June 1 until September 30.
News in Brief
Nagy: Inflation data in line with government’s expectations
Hungary's March inflation data was in line with the government’s expectations, having peaked in January before falling.
News in Brief
Nagy: Hungary’s labor market in need of 500,000 additional workers
Minister Nagy said Hungary’s economy should be built on investments, which required a constant stream of foreign capital, modernization and research and development.
News in Brief
Nagy: Defeating inflation and narrowing wealth gap with other EU countries 2023 priorities
Márton Nagy told a conference that Hungary had a good chance of receiving EU monies and cohesion funds by the summer.
News in Brief
Economic Development Minister meets Mercedes-Benz executives
Minister Nagy met with Mercedes-Benz Manufacturing Hungary CEO Christian Wolff, CFO Karsten Twele and PR director Sándor Dávid.
News in Brief
Economic Development Minister holds talks with Georgian counterpart
Hungary’s trade with Georgia has developed over the past years to record levels, with bilateral trade in goods totalling now 90 million euros.
News in Brief
Nagy: Inflation to fall into single digits by end of year
Minister Nagy said the government’s efforts to curb inflation will start coming to fruition.