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Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.
Annual Inflation Hits New 21-Year Record

Annual Inflation Hits New 21-Year Record

Consumer prices in Hungary grew by an annual 9.5% in April, up from 8.5% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Hungarian Opinion: Inflation Higher, Growth Rate Lower Than Expected

Hungarian Opinion: Inflation Higher, Growth Rate Lower Than Expected

Economists across the political spectrum investigate the causes and possible remedies of soaring inflation.
Hungarian Opinion: Government Extends Price Caps

Hungarian Opinion: Government Extends Price Caps

Pro-government analysts welcome the government’s decision to keep prices down as a pragmatic social policy at a time of rapid inflation. Left-wing and liberal commentators see price caps as political tools with few economic benefits.
Orbán Pledges to Protect Hungary from Dangers, Says “Suffering” Ahead for Europe’s Economies

Orbán Pledges to Protect Hungary from Dangers, Says “Suffering” Ahead for Europe’s Economies

Following President János Áder’s announcement that he had asked incumbent premier Viktor Orbán to form Hungary’s next government, the prime minister pledged that the members of his new government would “protect Hungary from the dangers of the next decade…” Orbán said “suffering” lay ahead of Europe’s economies and added that the coronavirus pandemic was not over.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.
Annual Inflation Hits New 21-Year Record

Annual Inflation Hits New 21-Year Record

Consumer prices in Hungary grew by an annual 9.5% in April, up from 8.5% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Hungarian Opinion: Inflation Higher, Growth Rate Lower Than Expected

Hungarian Opinion: Inflation Higher, Growth Rate Lower Than Expected

Economists across the political spectrum investigate the causes and possible remedies of soaring inflation.
Hungarian Opinion: Government Extends Price Caps

Hungarian Opinion: Government Extends Price Caps

Pro-government analysts welcome the government’s decision to keep prices down as a pragmatic social policy at a time of rapid inflation. Left-wing and liberal commentators see price caps as political tools with few economic benefits.
Orbán Pledges to Protect Hungary from Dangers, Says “Suffering” Ahead for Europe’s Economies

Orbán Pledges to Protect Hungary from Dangers, Says “Suffering” Ahead for Europe’s Economies

Following President János Áder’s announcement that he had asked incumbent premier Viktor Orbán to form Hungary’s next government, the prime minister pledged that the members of his new government would “protect Hungary from the dangers of the next decade…” Orbán said “suffering” lay ahead of Europe’s economies and added that the coronavirus pandemic was not over.