News in Brief
New NBH governor signs first banknote
Mihály Varga said Hungarian banknotes combined progress with tradition and stability, while adopting all of the latest cash technologies.
Mihály Varga
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News in Brief
President Sulyok appoints Mihály Varga to six-year term as NBH governor
The NBH governor is appointed by the president of Hungary based on the proposal of the prime minister, after a hearing before a parliamentary committee.
News in Brief
PM Orbán proposes Mihály Varga as head of NBH
Minister Varga has accepted the nomination, PM Orbán said.
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.
News in Brief
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 the purchasing power of incomes.
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.
News in Brief
Finance Minister: Europe is losing ground to global competitors
Minister Varga said Europe's increasingly serious challenges call for urgent and effective solutions.