News in Brief
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...
Mihály Varga
M
News in Brief
Government extends moratorium on loan repayments for the vulnerable
Pensioners, families planning and raising children, public workers and people whose incomes have fallen compared with last year will be eligible for continued participation in the moratorium from November.
News in Brief
Pannonpharma plant expansion in Pécsvárad to manufacture COVID drugs
The Health Industry Development Program has so far supported 82 investments worth a total of HUF 86 billion.
News in Brief
Finance Minister: A “significant” minimum wage hike is needed
Minister Varga and Parragh agreed that state assistance is needed to help small and medium-sized businesses cope with paying a higher minimum wage.
News in Brief
Finance Minister: Education and family support funding has tripled since 2010
Minister Varga said that over the last ten years, government spending on public education had increased by HUF 735 billion (EUR 2.1bn).
News in Brief
KSH: Investment volume in Hungary rose by 10.8 percent in Q2
Finance Minister Mihály Varga said investments were at a record high in Q2, with a 10.8 percent growth from the same period a year earlier.
News in Brief
Finance Minister: Government is spending more on higher education than ever before
Hungary’s higher education budget has amounted to 1.2 percent of GDP compared with the European Union average of 0.8 percent.
News in Brief
Finance Minister: Hungary records highest ever quarterly growth
Hungary’s economic performance has surpassed its pre-pandemic level, meaning that the country’s economic recovery is one of the fastest in the EU.
News in Brief
Finance Minister: Hungary's current high level of inflation is temporary
The central bank has already made a move to reduce inflation, having been the first European central bank to hike the base rate.
News in Brief
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.
News in Brief
Finance Minister: Brussels recognizes that Hungary is leading EU economic recovery
The European Commission has made a major revision to its Hungarian growth forecast, from 5 to 6.3 percent this year.
News in Brief
Finance Minister: Hungary’s GDP growth could exceed 6 percent this year
Finance Minister Mihály Varga said economic growth could be 5.3 percent next year.
News in Brief
Finance Minister: EU acknowledges that Hungary is on path to economic recovery
The European Commission has raised its projection for Hungary’s GDP growth this year from 4 to 5 percent.