News in Brief
Finance Minister: Hungary’s economy could grow by 1.8-2.2% this year and 3.5% in 2025
Minister Varga said that 3.5% economic growth was feasible by all means for 2025, with 1.8-2.2% being a realistic projection for this year.
Mihály Varga
M
News in Brief
Finance Minister: EU is increasingly lagging in global competition
Minister Varga said Hungary had spent a total of 700 billion forints (EUR 1.8bn) on border protection in recent years.
News in Brief
Finance Minister: Hungary paying the price for EU eliminating border protection within bloc
Stopping illegal migration is among one of the key topics on Hungary's EU presidency agenda.
News in Brief
Finance Minister holds talks with Polish counterpart over Hungary's EU presidency
The Hungarian presidency’s priorities would include strengthening the common defense and cohesion policy.
News in Brief
Finance Minister: Hungary among EU countries with most progress in whitening economy
The VAT gap has fallen to 4.4% from 22% and the rate of tax deductions as a percentage of GDP has decreased to 35% from 40%.
News in Brief
Finance Minister: Court rules Budapest cannot be exempted from certain tax payments
Minister Varga said a total of 30 billion forints owed to the treasury has been collected from the city of Budapest.
News in Brief
Finance Minister: Three credit rating agencies affirm Hungary’s investment-grade sovereign rating
Fitch Ratings notes the stability of the banking sector, the improvement in our external position and the strong labor market as positive factors.
News in Brief
Finance Minister: Hungary is a key destination for foreign investors
Minister Varga said Hungarian exports to Luxembourg have increased nearly five-fold in the past five years and the turnover of bilateral trade has reached a new record last year.
News in Brief
Moody’s Ratings gives "favorable assessment" of Hungary’s economy
The finance minister noted that Moody’s had not taken a rating action and said Hungary’s current rating remained in force with a stable outlook.
News in Brief
Finance Minister: Hungary receives EU funding for teacher pay rise
Hungary has received a total of 184 billion forints (EUR 478m) worth of EU funding.
News in Brief
Finance Minister: Swiss businesses benefit from Hungary’s escalating growth
Switzerland is the 9th largest investor in Hungary and Swiss companies employ 30,000 people.
News in Brief
Finance Minister: Hungary does not accept migrant quotas being forced on member states
The European Union’s new asylum package would fine countries that refuse to accommodate migrants 20,000 euros per migrant.
News in Brief
Finance Minister: Hungary’s EU presidency will aim to make progress in key areas
Minister Varga said the EU’s competitiveness was waning, so the Hungarian presidency would put an emphasis on reversing that trend.