News in Brief
National Economy Ministry highlights need to stop 'unacceptable' price increases
The ministry listed chicken, pork, cooking oil, eggs, milk, dairy products, flour and sugar as the staple products where prices must be reduced.
Minister Márton Nagy
M
News in Brief
Nagy: 2025 will be a breakthrough year
Minister Nagy said an earlier launched economic policy action plan that aimed to boost purchasing power, ensure affordable housing and scale up SMEs had been expanded.
News in Brief
Nagy: Decision-makers need to revisit global minimum tax on big corporations
Minister Nagy said the US decision to withdraw from the agreement on the global minimum tax could present problems for the EU.
News in Brief
Nagy: Germany's success is important for Hungary
Minister Nagy said Germany had been in recession for two years and the economy was expected to continue contracting this year, too.
News in Brief
Nagy: Rubik's cube is a symbol of national pride in Hungary
Minister Nagy said innovation was always a key element of Hungarian identity and culture.
News in Brief
Nagy: Hungary believes in boosting competence
Minister Nagy said the EU "must be saved before it dies," as its economy cannot compete with the United States and China under the current circumstances.
News in Brief
National Economy Ministry: Hungary's budget would preserve stability in coming years
The National Economy Ministry said that "intensive negotiations" with EC experts to clarify issues had preceded the EC's endorsement of Hungary's national medium-term fiscal-structural plan.
News in Brief
Nagy: 2025 will be the year of families and SMEs
Minister Nagy said households had felt the positive turnaround from September already and the trend would continue in 2025.
News in Brief
Nagy: National Economy Ministry will work to support families and businesses
Minister Nagy said that his ministry wanted to establish an "outstanding cooperation" with the National Bank of Hungary (NBH).
News in Brief
Nagy: Government aims to stimulate growth and achieve fiscal balance at same time
Minister Nagy said putting the budget balance in the black, excluding debt servicing costs, was of "key importance".
News in Brief
Nagy: Europe needs a 'competitiveness turnaround'
Minister Nagy said the EU needed to catch up with the US and China if it didn't want the competitiveness gap to widen further.
News in Brief
Nagy: Georgia is Hungary's 74th largest trade partner
Cooperation between Hungary and Georgia has steadily developed in recent years, including in the energy, pharmaceutical and food industry sectors.
News in Brief
Nagy: A new economic order is taking shape in the world
Some of the EU's measures have contributed to the formation of blocs and could pave the way for an "economic cold war", Minister Nagy said.