• 18 May 2024

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77 result(s) for program in Finance

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
EP Votes to Recommend Freezing Hungary Funding

EP Votes to Recommend Freezing Hungary Funding

The European Parliament has proposed freezing European Union funding, saying that the 17 measures taken by Hungary aimed at unlocking its EU funding were not sufficient to offset the systemic risks to the block’s finances.
Big GDP Gap Between Budapest & Other Regions of Hungary

Big GDP Gap Between Budapest & Other Regions of Hungary

The gap between Budapest and Hungary’s other regions in terms of GDP per capita is still large, Tibor Navracsics, the minister of regional development, said.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

The average gross wage in Hungary climbed 14.9% year-on-year to 495,900 forints (EUR 1,250) in May, data released by the Central Statistical Office (KSH) on Monday show.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
EBRD Puts Hungary GDP Growth at 3.5% in 2022

EBRD Puts Hungary GDP Growth at 3.5% in 2022

The European Bank for Reconstruction and Development (EBRD) forecast Hungary’s economy will expand by 3.5% this year in a report published on Tuesday.
Central Bank Hiked Interest Rate in Hungary by 100 Basis Points

Central Bank Hiked Interest Rate in Hungary by 100 Basis Points

Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40% at their regular meeting on Tuesday, while also expanding the two sides of the interest rate corridor by the same ratio. In a statement released after the meeting, the Monetary Council said the war in Ukraine has “posed a much higher risk than usual” to the outlook for inflation.
Hungary Running Disciplined Budget, Says Finance Minister

Hungary Running Disciplined Budget, Says Finance Minister

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.
Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
EP Votes to Recommend Freezing Hungary Funding

EP Votes to Recommend Freezing Hungary Funding

The European Parliament has proposed freezing European Union funding, saying that the 17 measures taken by Hungary aimed at unlocking its EU funding were not sufficient to offset the systemic risks to the block’s finances.
Big GDP Gap Between Budapest & Other Regions of Hungary

Big GDP Gap Between Budapest & Other Regions of Hungary

The gap between Budapest and Hungary’s other regions in terms of GDP per capita is still large, Tibor Navracsics, the minister of regional development, said.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

Higher Minimum Wage, Public Sector Pay Keep Wage Growth in Double Digits

The average gross wage in Hungary climbed 14.9% year-on-year to 495,900 forints (EUR 1,250) in May, data released by the Central Statistical Office (KSH) on Monday show.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
EBRD Puts Hungary GDP Growth at 3.5% in 2022

EBRD Puts Hungary GDP Growth at 3.5% in 2022

The European Bank for Reconstruction and Development (EBRD) forecast Hungary’s economy will expand by 3.5% this year in a report published on Tuesday.
Central Bank Hiked Interest Rate in Hungary by 100 Basis Points

Central Bank Hiked Interest Rate in Hungary by 100 Basis Points

Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40% at their regular meeting on Tuesday, while also expanding the two sides of the interest rate corridor by the same ratio. In a statement released after the meeting, the Monetary Council said the war in Ukraine has “posed a much higher risk than usual” to the outlook for inflation.
Hungary Running Disciplined Budget, Says Finance Minister

Hungary Running Disciplined Budget, Says Finance Minister

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.