• 27 Apr 2024

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Agreement on Frozen EU Funds for Hungary Expected Before End of November

Agreement on Frozen EU Funds for Hungary Expected Before End of November

Tibor Navracsics, the regional development minister, told a conference on Tuesday that he trusted the government, before the end of next month, would be able to reach a definite agreement with the European Commission to unfreeze Hungary’s funds.
New Tax Laws Submitted to Parliament in Hungary

New Tax Laws Submitted to Parliament in Hungary

The government on Tuesday submitted its draft laws on taxes for next year to parliament, with the national assembly expected to vote on the proposals before its summer recess, the finance ministry said in a statement.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
Public Debt Set to Decline, Says Hungarian Finance Minister

Public Debt Set to Decline, Says Hungarian Finance Minister

Finance Minister Mihály Varga, said there is a high chance that Hungary’s public debt may be put back on a declining path.
Hungarian Opinion: National Bank’s Rate Hikes Deemed Necessary

Hungarian Opinion: National Bank’s Rate Hikes Deemed Necessary

An independent economist welcomes the National Bank’s base interest rate hikes and the announcement of incremental tapering.
Hungary Submits Plan For Tapping EU's Recovery Fund

Hungary Submits Plan For Tapping EU's Recovery Fund

The government on Tuesday submitted Hungary’s plan for utilising the European Union’s Recovery and Resilience Facility (RRF) which covers more than 2,500 billion forints (EUR 7bn) worth of strategic development projects over the next six years, the state secretary in charge of EU developments said.
Budapest 2019 Budget Approved - HUF 380 Billion Expenditure Expected

Budapest 2019 Budget Approved - HUF 380 Billion Expenditure Expected

The municipal assembly of Budapest passed the city’s budget for 2019. According to the budget decree, the capital will have revenues totalling 266 billion forints (EUR 837.8m), while total expenditure is expected to reach 380 billion forints.
IMF Urges Hungary To Reduce State Debt Faster

IMF Urges Hungary To Reduce State Debt Faster

The International Monetary Fund (IMF) recommended Hungary do more to reduce state debt as well as phase out sectoral taxes and undertake structural reforms to improve productivity in a staff report issued about six weeks after a visit to Budapest as part of regular Article IV consultations.
Latest On Hungary’s Euro Convergence Progress

Latest On Hungary’s Euro Convergence Progress

The European Central Bank (ECB) said Hungary needs “stability-oriented economic policies” and “wide-ranging structural reforms” in a report on euro convergence.
Agreement on Frozen EU Funds for Hungary Expected Before End of November

Agreement on Frozen EU Funds for Hungary Expected Before End of November

Tibor Navracsics, the regional development minister, told a conference on Tuesday that he trusted the government, before the end of next month, would be able to reach a definite agreement with the European Commission to unfreeze Hungary’s funds.
New Tax Laws Submitted to Parliament in Hungary

New Tax Laws Submitted to Parliament in Hungary

The government on Tuesday submitted its draft laws on taxes for next year to parliament, with the national assembly expected to vote on the proposals before its summer recess, the finance ministry said in a statement.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
Public Debt Set to Decline, Says Hungarian Finance Minister

Public Debt Set to Decline, Says Hungarian Finance Minister

Finance Minister Mihály Varga, said there is a high chance that Hungary’s public debt may be put back on a declining path.
Hungarian Opinion: National Bank’s Rate Hikes Deemed Necessary

Hungarian Opinion: National Bank’s Rate Hikes Deemed Necessary

An independent economist welcomes the National Bank’s base interest rate hikes and the announcement of incremental tapering.
Hungary Submits Plan For Tapping EU's Recovery Fund

Hungary Submits Plan For Tapping EU's Recovery Fund

The government on Tuesday submitted Hungary’s plan for utilising the European Union’s Recovery and Resilience Facility (RRF) which covers more than 2,500 billion forints (EUR 7bn) worth of strategic development projects over the next six years, the state secretary in charge of EU developments said.
Budapest 2019 Budget Approved - HUF 380 Billion Expenditure Expected

Budapest 2019 Budget Approved - HUF 380 Billion Expenditure Expected

The municipal assembly of Budapest passed the city’s budget for 2019. According to the budget decree, the capital will have revenues totalling 266 billion forints (EUR 837.8m), while total expenditure is expected to reach 380 billion forints.
IMF Urges Hungary To Reduce State Debt Faster

IMF Urges Hungary To Reduce State Debt Faster

The International Monetary Fund (IMF) recommended Hungary do more to reduce state debt as well as phase out sectoral taxes and undertake structural reforms to improve productivity in a staff report issued about six weeks after a visit to Budapest as part of regular Article IV consultations.
Latest On Hungary’s Euro Convergence Progress

Latest On Hungary’s Euro Convergence Progress

The European Central Bank (ECB) said Hungary needs “stability-oriented economic policies” and “wide-ranging structural reforms” in a report on euro convergence.