News in Brief
FM: Hungary takes a common-sense approach to economy and trade
Minister Szijjártó said policymaking was going in the direction of forming blocs in the world, which Hungary had always found detrimental.
OECD
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News in Brief
OECD forecasts Hungary’s GDP will climb by 2.1% this year
Growth is expected to be underpinned by lower inflation and interest rates, supporting private consumption and investment, the OECD said.
News in Brief
Finance Minister: Hungarian economy will return to a sustainable growth path this year
Hungary’s economic output is now 5% above pre-pandemic levels, while the EU average is 3.5% higher than before the pandemic.
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FM: Ukraine not bringing closer restoration of Hungarian community’s rights to 2015 level
“Until Ukraine adopts legislation to restore the rights of Hungarian national minorities, Hungary sees no point in a highest-level meeting,” the foreign minister said.
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PM Orbán holds talks with OECD Secretary-General
The prime minister expressed appreciation for the work of the organization and the secretary-general.
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FM: Hungary is "a living example" of common sense leading to economic growth
The foreign minister said cooperation with the OECD had helped Hungary with enacting common-sense economic strategy decisions in recent years.
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FM: Crucial to restore “common sense and normality” in global economy
Minister Szijjártó said everything must be done in the interest of restoring cooperation based on mutual respect between East and West.
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FM: Crises of recent years have upended the global political and economic status quo
Minister Szijjártó said Eastern and Western companies worked together effectively in Hungary to the country’s great benefit.
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FM: Countries not responsible for war should not be forced to pay its price
Minister Szijjártó said that when sanctions and further response measures are planned, additional price increases must be avoided so as to keep inflation under control.
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PM Orbán holds talks with head of OECD
The prime minister also met Maroš Šefčovič, vice-president of the European Commission, for talks on topical European and economic affairs.
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OECD: Robust growth is returning to Hungary
The OECD’s director of country studies said Hungary was showing signs of strong economic growth despite the economy having taken a hit from the pandemic.
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Izer: Global tax rate could bring competitive disadvantage for the EU
Hungary was among nine countries that did not join a statement backing the introduction of a global minimum corporate tax rate.
News in Brief
OECD: Hungary’s GDP is expected to grow by 4.6 percent this year
Further improvements are expected on the labor market, with the jobless rate set to fall to 4 percent in 2021 and 3.4 percent in 2022.