News in Brief
PM Orbán: Hungary's financial position is 'untroubled'
Hungary's economy is expanding at a rate 50 percent over the European Union average.
Economic Growth
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News in Brief
PM Orbán: Draft of a budget for peace-time has been prepared
The prime minister said that a 3-5 percent economic growth target for 2025 was at the center of the draft budget.
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Hungary among top 8 growth performers in the EU
Hungary is ahead of Belgium, France, Italy, The Netherlands, Romania, Latvia and Germany.
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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.
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Nagy: Peace budget needed to restart economy
In the Autumn, the government would be able to submit a “peace budget” to parliament, giving a push to the economy with the help of an action plan targeting SMEs and families.
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KSH: Hungary's GDP grew by an annual 1.5% in Q2
KSH said GDP was boosted the most by the construction sector and real estate transactions, as well as by the balance of product taxes and subsidies.
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Finance Ministry: Hungary’s economy has returned to a growth path
The budget deficit reached 107.8 billion forints for the month of June alone which is the best indicator in 22 years.
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Nagy: Government expects the economy to grow by 2-3% this year
Minister Nagy said Hungary would not achieve 4% GDP growth this year because of a temporary weakening of its export markets.
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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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EC growth forecast shows Hungary could be among EU countries with highest economic growth in 2024
Finance Minister Mihály Varga said the projected 2.4% growth for Hungary is well above the EU average of 1.3%.
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Finance Minister: 2024 will be the year of boosting Hungary’s economic growth
While 2023 had been a better year for the central budget than 2022, it was not as good as what the government expects from this year, the finance minister said.
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PM Orbán: Putting Hungarian economy back on a growth path is a realistic goal
Asked what Hungary can be most proud of in 2023, the prime minister noted the Nobel prizes received by Hungarian scientists Katalin Karikó and Ferenc Krausz.
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Finance Minister: Hungary’s economy is expected to grow by 3-4% in 2024
The finance minister said the conflict in Ukraine dampened growth, but Hungary is expected to expand again in 2024.