News in Brief
Mihály Varga: defending Hungary's security is the most important task
The Hungarian finance minister stressed that in the midst of international uncertainties, his primary focus is to protect Hungary’s security.
Mihály Varga
M
News in Brief
Finance Minister presents 2023 draft budget in parliament
Mihály Varga said utility price cuts and defense spending are the factors of economic policy defining the 2023 budget.
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: Global minimum tax would bring about tax increases
The Hungarian government will resist the growing international pressure and reject the related directive.
News in Brief
Finance Minister: Tax cuts, pensions and wage increases will be close to HUF 3,300 billion
In a post on Facebook, the finance minister said the government was protecting Hungary from an economic crisis caused by the war.
News in Brief
Finance Minister submits government’s 2023 draft budget to parliament
The bill would “protect the government’s achievements, ensure the security of Hungarian families and keep the economy on a growth path.”
News in Brief
Finance Minister: German businesses see Hungary as a good investment destination
The finance minister said Hungarian-German economic ties are stable and crisis-resistant.
News in Brief
Finance Minister: Government will continue to improve budgetary balance
The budget will have to be amended to maintain the deficit target, in view of the changes to the economic environment due to high inflation, rising energy prices and the war in Ukraine.
News in Brief
Finance Minister: Hungary’s new higher education model can “adapt to new situations much faster”
Universities operating under Hungary’s new higher education model based on private foundations can “adapt to new situations much faster” than universities in the traditional system.
News in Brief
Finance Minister: Trade between Hungary and Morocco jumped by 24% in a year
Minister Varga said Hungarian companies with innovative technologies and products will find new opportunities in Morocco.
News in Brief
Finance Minister: EBRD should focus more on central Europe
The finance minister said the EBRD was set up in 1991 to help central and eastern European economies recover after the collapse of Communist regimes in the region.
News in Brief
Finance Ministry: Next four years to see high growth
The next four years are expected to see high growth coupled with a gradual tapering in public debt and budget deficit levels.
News in Brief
Finance Minister: It is impossible to replace Russian energy imports overnight
Minister Varga said the transition to alternative energy sources was a long process requiring developments.