The European Union’s decision to withhold Poland and Hungary’s coronavirus recovery funding “clearly is politically motivated”, Hungarian Finance Minister Mihály Varga said on the sidelines of a meeting of EU finance ministers (Ecofin) in Brussels on Tuesday. More >>
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Hungarians Want Euro More Than Most Non-Eurozone EU Countries
- 19 Jan 2022 8:00 AM
Hungarians support the adoption of the euro more than citizens of most non-eurozone EU countries, according to a survey by Eurobarometer.
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Latest Inflation Data Above 7% in Hungary - Analysis
- 15 Jan 2022 7:37 AM
Hungarian annual inflation was 7.4% in December, the Central Statistical Office (KSH) said on Friday. Higher cigarette and vehicle fuel prices continued to be the main drivers, though food and consumer durables prices rose above headline inflation.
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World Bank Forecasts 5% Hungary Growth in 2022
- 13 Jan 2022 9:07 AM
Hungary’s economy is forecast to grow by 5% this year, according to the World Bank, which raised its June projection of 4.7%.
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Hungary’s Budget Deficit Reaches HUF 5,101.5 Billion for 2021
- 12 Jan 2022 10:11 AM
Hungary’s cash flow-based budget deficit, excluding local councils, reached 5,101.5 billion forints (EUR 14.2bn) at the end of December, the finance ministry said in a preliminary reading of data released on Tuesday.
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Hungary Running Disciplined Budget, Says Finance Minister
- 10 Jan 2022 8:40 AM
Hungary’s government is running a disciplined, tight budget, Mihály Varga, the finance minister, said in an interview to public radio on Sunday, noting that it boosted reserves at the end of last year and rescheduled investments this year.
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Hungarian Opinion: Former National Bank President Predicts Restrictions After Election
- 10 Jan 2022 8:12 AM
György Surányi, who served as President of the National Bank under a socialist-liberal government in the 1990s, sees monetary and fiscal restrictions as necessary. A pro-government economist dismisses the suggestion and accuses Surányi of serving foreign interests.
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