News in Brief
Finance Minister: Mortgage freeze will save families HUF 30 billion
The finance minister said over the weekend that the government is working to shield families from global price increases.
Mihály Varga
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News in Brief
Finance Minister: Government is running a tight budget
Minister Varga said it would not be necessary to cut spending any further than measures already taken, with HUF 755 billion already lopped off expenditures.
News in Brief
Government provides HUF 140 billion for business RDI
The grant scheme covered by the GINOP Plus economic and innovation program will provide RDI support to hundreds of Hungarian companies.
News in Brief
Finance Minister: Investors have confidence in Hungarian economy
Hungary ended 2021 with investment grade status from all three major credit rating agencies.
News in Brief
Government lowers 2022 budget deficit target to 4.9%
Finance Minister Mihály Varga said the government has saved HUF 755 billion by postponing several public investments.
News in Brief
Government signs MoU with VIG
The government has signed a memorandum of understanding with Vienna Insurance Group (VIG) on acquiring stakes in insurers Aegon Biztosító and Union Biztosító.
News in Brief
Finance Minister: HUF 140 billion allocated to help small municipalities
The finance minister said two new projects will create new jobs and support the local economy in the long run.
News in Brief
Finance Minister: Government to cut taxes by HUF 1,500 billion in 2022
The finance minister said the personal income tax rebate for families raising children will amount to a HUF 600 billion tax cut.
News in Brief
Finance Minister: HUF 100 billion available for Hungarian SMEs
SMEs may apply for funding of between HUF 10 million and 200 million to buy new equipment, make IT developments, acquire real estate and make the switch to renewable energy.
News in Brief
Finance Minister: Hungary’s economy expected to grow by 6.0-6.5% this year
Early in November, the Finance Ministry lowered its projection for GDP growth this year to 6.8 percent.
News in Brief
Government allocates HUF 230 billion for underdeveloped localities
The finance minister said the money is for building social housing, improving roads and healthcare.
News in Brief
Finance Minister: Hungary aims to continue cutting taxes
The finance minister said Hungary will not support measures interfering with member states’ taxation policy.
News in Brief
Three CEI states among EU’s five fastest-growing economies
The finance minister said Hungary supports strengthening ties between CEI countries.