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Will We See 'Fantastic' Results from New Economic Policy in Hungary?

Will We See 'Fantastic' Results from New Economic Policy in Hungary?

  • 25 Oct 2024 11:38 AM
  • finance
The government's new economic action plan could produce "fantastic results" in 2025, if Hungary follows through with its policy of economic neutrality, Prime Minister Viktor Orban said in a weekly interview with public radio on Friday.

"Cause for Optimism”: GDP up 1.5% in Hungary

Hungarian gross domestic product grew by an annual 1.5% in the second quarter, the Central Statistical Office (KSH) said in a first reading of data. Adjusted for calendar-year effects, GDP grew by 1.3%.
EC to Withhold Euro 20 Billion from Hungary - Until it

EC to Withhold Euro 20 Billion from Hungary - Until it "Fulfils All Requirements"

While Hungary has fulfilled requirements on judicial reform, the EU will continue to withhold some 20 billion euros of cohesion funds until other concerns are addressed, Ursula von der Leyen, the European Commission president said.
Economic Growth Expected to Continue in Hungary

Economic Growth Expected to Continue in Hungary

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
Hungarian Opinion: Former National Bank President Predicts Restrictions After Election

Hungarian Opinion: Former National Bank President Predicts Restrictions After Election

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.
Opinion: Conflicting Takes on the State of the Hungarian Economy

Opinion: Conflicting Takes on the State of the Hungarian Economy

A left-wing commentator describes welfare measures introduced barely three months before the next parliamentary elections as a desperate attempt by the government to increase its popularity. His right-wing counterpart believes those measures are proof of sound fundamentals.
Hungarian Public Debt at Historic High

Hungarian Public Debt at Historic High

At the end of September, the gross consolidated debt of the Hungarian state was 42.106 trillion Ft. (US $130.1 billion), according to data published by the Magyar Nemzeti Bank (MNB) on the last day of 2021, making it the highest it has ever been in the country’s history.
Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other hand, finds the government’s economic path sound and reasonable.
Central Bank Governor C riticises Hungarian Government's Economic Policy

Central Bank Governor C riticises Hungarian Government's Economic Policy

György Matolcsy, the governor of the National Bank of Hungary, suggested the country’s economic development would be better served by an “economic policy centre with a mandate to achieve sustainable convergence” in the government’s institutional structure in an op-ed piece published online by daily Magyar Nemzet.
Will We See 'Fantastic' Results from New Economic Policy in Hungary?

Will We See 'Fantastic' Results from New Economic Policy in Hungary?

  • 25 Oct 2024 11:38 AM
  • finance
The government's new economic action plan could produce "fantastic results" in 2025, if Hungary follows through with its policy of economic neutrality, Prime Minister Viktor Orban said in a weekly interview with public radio on Friday.

"Cause for Optimism”: GDP up 1.5% in Hungary

Hungarian gross domestic product grew by an annual 1.5% in the second quarter, the Central Statistical Office (KSH) said in a first reading of data. Adjusted for calendar-year effects, GDP grew by 1.3%.
EC to Withhold Euro 20 Billion from Hungary - Until it

EC to Withhold Euro 20 Billion from Hungary - Until it "Fulfils All Requirements"

While Hungary has fulfilled requirements on judicial reform, the EU will continue to withhold some 20 billion euros of cohesion funds until other concerns are addressed, Ursula von der Leyen, the European Commission president said.
Economic Growth Expected to Continue in Hungary

Economic Growth Expected to Continue in Hungary

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
Hungarian Opinion: Former National Bank President Predicts Restrictions After Election

Hungarian Opinion: Former National Bank President Predicts Restrictions After Election

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.
Opinion: Conflicting Takes on the State of the Hungarian Economy

Opinion: Conflicting Takes on the State of the Hungarian Economy

A left-wing commentator describes welfare measures introduced barely three months before the next parliamentary elections as a desperate attempt by the government to increase its popularity. His right-wing counterpart believes those measures are proof of sound fundamentals.
Hungarian Public Debt at Historic High

Hungarian Public Debt at Historic High

At the end of September, the gross consolidated debt of the Hungarian state was 42.106 trillion Ft. (US $130.1 billion), according to data published by the Magyar Nemzeti Bank (MNB) on the last day of 2021, making it the highest it has ever been in the country’s history.
Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other hand, finds the government’s economic path sound and reasonable.
Central Bank Governor C riticises Hungarian Government's Economic Policy

Central Bank Governor C riticises Hungarian Government's Economic Policy

György Matolcsy, the governor of the National Bank of Hungary, suggested the country’s economic development would be better served by an “economic policy centre with a mandate to achieve sustainable convergence” in the government’s institutional structure in an op-ed piece published online by daily Magyar Nemzet.