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“Freezing 6 Consumer Prices is Tacit Admission that Economy in Terrible Shape”, Says Márki-Zay

“Freezing 6 Consumer Prices is Tacit Admission that Economy in Terrible Shape”, Says Márki-Zay

We decided today on a price intervention for six products: granulated sugar, wheat flour, sunflower cooking oil, pork leg, chicken breast, and whole milk. - announced Prime Minister Viktor Orbán on Wednesday afternoon, after the first government meeting of the year.
Omicron Wave Expected to Surge in Budapest Next Week

Omicron Wave Expected to Surge in Budapest Next Week

Hungarian experts believe that the fifth wave of the epidemic will reach Budapest as early as next week, causing the Omicron variant to surge in the capital first. According to predictions, this variant will already reach half the height of the previous delta wave by the end of the week, around Friday, and will surpass the peak of the delta wave in Budapest sometime next week.
Hungary's High Inflation Said To Be 'Temporary'

Hungary's High Inflation Said To Be 'Temporary'

Hungary's current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices may return to around 3% next year, the finance minister said.
Hungarian Economy Set to Grow Over 6% ‘With or Without EU Funding’

Hungarian Economy Set to Grow Over 6% ‘With or Without EU Funding’

Hungary’s GDP growth could exceed 6% this year “even if not a single cent is received” from the European Union until the end of the year, Finance Minister Mihály Varga said in an interview published by news portal Origo.
Hungary Crisis Management Yields Mixed Results, Says National Bank Governor

Hungary Crisis Management Yields Mixed Results, Says National Bank Governor

Hungary’s management of the coronavirus crisis last year yielded mixed results, National Bank of Hungary (NBH) governor György Matolcsy wrote in an article in the online edition of daily Magyar Nemzet, adding that the economy had been saved by an increase in private sector borrowing.
EU Acknowledges Hungary Recovery, Says Finance Minister

EU Acknowledges Hungary Recovery, Says Finance Minister

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%.
Lower VAT for Food Delivery to be Phased out

Lower VAT for Food Delivery to be Phased out

The government will phase out the 5% preferential VAT rate for food takeaways from Au-gust 1, according a recent decree.
Home Building Permits Plunge In Capital, Jump Elsewhere In Hungary

Home Building Permits Plunge In Capital, Jump Elsewhere In Hungary

The number of home building permits issued in Budapest plunged in the first quarter while jumping in the rest of the country, the Central Statistical Office (KSH) said.
Special Report: Massive Chinese Loan To Cover 'Fudan Hungary University', Raising Espionage & Corruption Concerns

Special Report: Massive Chinese Loan To Cover 'Fudan Hungary University', Raising Espionage & Corruption Concerns

  • 29 Apr 2021 9:50 AM
  • current affairs
Hungary’s government plans to contract a Chinese construction giant to build Shanghai-based Fudan University’s new campus in Budapest, according to official government documents obtained by Direkt36.
“Freezing 6 Consumer Prices is Tacit Admission that Economy in Terrible Shape”, Says Márki-Zay

“Freezing 6 Consumer Prices is Tacit Admission that Economy in Terrible Shape”, Says Márki-Zay

We decided today on a price intervention for six products: granulated sugar, wheat flour, sunflower cooking oil, pork leg, chicken breast, and whole milk. - announced Prime Minister Viktor Orbán on Wednesday afternoon, after the first government meeting of the year.
Omicron Wave Expected to Surge in Budapest Next Week

Omicron Wave Expected to Surge in Budapest Next Week

Hungarian experts believe that the fifth wave of the epidemic will reach Budapest as early as next week, causing the Omicron variant to surge in the capital first. According to predictions, this variant will already reach half the height of the previous delta wave by the end of the week, around Friday, and will surpass the peak of the delta wave in Budapest sometime next week.
Hungary's High Inflation Said To Be 'Temporary'

Hungary's High Inflation Said To Be 'Temporary'

Hungary's current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices may return to around 3% next year, the finance minister said.
Hungarian Economy Set to Grow Over 6% ‘With or Without EU Funding’

Hungarian Economy Set to Grow Over 6% ‘With or Without EU Funding’

Hungary’s GDP growth could exceed 6% this year “even if not a single cent is received” from the European Union until the end of the year, Finance Minister Mihály Varga said in an interview published by news portal Origo.
Hungary Crisis Management Yields Mixed Results, Says National Bank Governor

Hungary Crisis Management Yields Mixed Results, Says National Bank Governor

Hungary’s management of the coronavirus crisis last year yielded mixed results, National Bank of Hungary (NBH) governor György Matolcsy wrote in an article in the online edition of daily Magyar Nemzet, adding that the economy had been saved by an increase in private sector borrowing.
EU Acknowledges Hungary Recovery, Says Finance Minister

EU Acknowledges Hungary Recovery, Says Finance Minister

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%.
Lower VAT for Food Delivery to be Phased out

Lower VAT for Food Delivery to be Phased out

The government will phase out the 5% preferential VAT rate for food takeaways from Au-gust 1, according a recent decree.
Home Building Permits Plunge In Capital, Jump Elsewhere In Hungary

Home Building Permits Plunge In Capital, Jump Elsewhere In Hungary

The number of home building permits issued in Budapest plunged in the first quarter while jumping in the rest of the country, the Central Statistical Office (KSH) said.
Special Report: Massive Chinese Loan To Cover 'Fudan Hungary University', Raising Espionage & Corruption Concerns

Special Report: Massive Chinese Loan To Cover 'Fudan Hungary University', Raising Espionage & Corruption Concerns

  • 29 Apr 2021 9:50 AM
  • current affairs
Hungary’s government plans to contract a Chinese construction giant to build Shanghai-based Fudan University’s new campus in Budapest, according to official government documents obtained by Direkt36.