Economy

The government has allocated some 210 billion forints (EUR 580m) in development support to 1,700 Hungarian companies, Finance Minister Mihály Varga said on Facebook.

Hungary’s government opposes a tax Brussels wants to impose on home and car owners on the grounds of fighting climate change and is committed to protecting the achievements of its scheme to reduce household utility bills, the prime minister’s chief of staff said on Thursday.

The Hungarian economy is expected to grow at the third fastest rate in the European Union this year, the International Monetary Fund (IMF) confirmed in its revised regional growth forecast.

Economist János Kornai, holder of the Széchenyi Prize and the French Legion of Honour, member of the Hungarian Academy of Sciences, professor emeritus at Harvard and Budapest’s Corvinus universities, died at age 94, his family told MTI late on Monday.

Hungarian rate-setters raised the central bank’s base rate by 15 basis points to 1.80% at a scheduled meeting on Tuesday. The rate-setters continued a tightening cycle started in June, albeit at a slower pace than in the summer months when rates rose 30 basis points each month. Policymakers had signalled in September that the 15 […]

The coronavirus pandemic response measures implemented by the Visegrad Group (V4) countries are centred on preserving and creating jobs, an official of the innovation and technology ministry said after a meeting of V4 labour policy officials in Budapest.

The average price of the 95 petrol will be HuF 5 more from the middle of the week, in the case of diesel the increase will be HuF 7.

The government is investing 5.6 billion forints (EUR 15.6m) in a new fund of venture capital fund manager Euroventures through state-owned venture capital fund manager Széchenyi Funds, Finance Minister Mihály Varga said.

Hungary must defend the achievements of its public utility cost reduction scheme, Prime Minister Viktor Orbán said.