News in Brief
PM Orbán proposes Mihály Varga as head of NBH
Minister Varga has accepted the nomination, PM Orbán said.
Mihály Varga
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News in Brief
Gulyás: 2025 budget is the 'new economic policy budget'
Wage increases, support for affordable housing, tax allowances and support for families are all part of the 2025 budget.
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Varga: Government's 2025 budget bill lays foundation for lasting growth
The finance minister said the budget could return the economy to the path of sustainable, high GDP growth while paving the way for dynamic wage growth and an increase in...
News in Brief
Finance Minister: Hungary to stay out of economic cold war
The finance minister said Hungary had consciously followed the path of connectivity since 2010, which has yielded its results by now.
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Finance Minister: Hungary's EU presidency will continue to improve competitiveness
Minister Varga pointed to the need for lower energy prices and a reduction in the VAT burdens of businesses.
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Finance Minister: 2025 budget to benefit families and businesses
Minister Varga said the three "pillars" of the 2025 budget were boosting Hungarians' purchasing power, ensuring affordable housing and scaling up SMEs with the Demjan Sandor Programme.
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Finance Minister: Performance of Hungary's business sector has been 'impressive'
The finance minister said the government's Eastern Opening policy had brought record FDI to the country.
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Varga: EU taxation agreement will contribute to improvement in competitiveness
In future, local companies will be able to do business in other member states using the VAT registration of their own national tax authority.
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Finance Minister: Europe's job is to concentrate on improving its competitiveness
A proposed package of European Union regulations on VAT in the digital age approved by EU finance ministers will allow businesses to register for VAT purposes once for all member states.
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Varga: VAT compromise in digital age 'great success' of Hungary's EU presidency
Minister Varga said the compromise had been reached after two years of negotiations, adding that ministers were expected to approve the package at the meeting on Tuesday.
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Finance Minister: Europe is losing ground to global competitors
Minister Varga said Europe's increasingly serious challenges call for urgent and effective solutions.
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Finance Minister: International development banks need to play bigger role in managing crises
Minister Varga noted that international financial systems had proven resilient even when financial stability was under threat during the pandemic and after the outbreak of the war in Ukraine.
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Finance Minister: There can be no economic success without confidence and cooperation
Minister Varga said confidence and cooperation had allowed Hungary's economy to triple in size, at current prices, and grow 42 percent, in real terms, since 2010.