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Danish toy manufacturer Lego is investing 53 billion forints (EUR 149.6m) to expand its plant in Nyíregyháza, in northeast Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said. More >>
The European Union acknowledges that Hungary is on the path to economic recovery from the coronavirus crisis, Finance Minister Mihály Varga said, noting that the European Commission has raised its projection for Hungary’s GDP growth this year to 5% from 4%.
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Hungary has jumped five places to rank 42nd in the report published by the Swiss IMD World Competitiveness Center, Finance Minister Mihály Varga said.
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“Brave and novel decisions” are needed to make sure economic growth this year exceeds 5.5%, Prime Minister Viktor Orbán said on Facebook on Tuesday.
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Hungary’s economy is the first in Europe to be relaunched thanks to the government’s successful response to the pandemic, Péter Szijjártó, the foreign minister, said, announcing an investment by electronics giant Foxconn in Komárom on Tuesday.
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Hungary’s economy is poised for a successful relaunch, Viktor Orbán said in a radio interview on Friday. Addressing the question of how public funds should be dispersed, the prime minister told public broadcaster Kossuth Radio that any extra revenue produced by the economy should be “given back” to the people who worked for it, especially to families who bore the brunt of the coronavirus crisis.
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Prime Minister Viktor Orbán, at a business conference, outlined measures that could support the recovery from the coronavirus crisis, including a tax rebate for lower income families, state-subsidised credit for SMEs and a higher minimum wage.
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