Hungarian Conservative

The mandatory discount system together with the online price monitoring effectively contributed to the government’s goal of first reducing inflation to a single digit and then bringing it back to a low level of around 4 per cent.

Fitch Ratings confirmed Eximbank’s investment-grade rating. The bank’s senior unsecured bonds also received a ‘BBB’ rating. The bank’s international rating matches Hungary’s sovereign rating due to EXIM’s statutory full faith and credit guarantee provided by the Hungarian state, as noted by the agency.

‘Within a few years, Hungary will be among the five countries in the world capable of manufacturing over one million cars annually,’ Péter Szijjártó stated, announcing a new investment in Zalaegerszeg by US Flex.

According to EBRD’s forecast, Hungary’s Gross Domestic Product (GDP) is projected to expand by 2.2 per cent this year and by 3.5 per cent next year.

During the interview, the Prime Minister remarked that Europe is playing with fire, teetering on the brink between peace and war. He criticized European leaders for two years of indecision regarding strategy and sanctions, drifting not from war towards peace but from peace towards war. He expressed deep concern for the future of Europe, stating it is extremely dangerous.

As Hungary embarks on this journey towards sustainable urban development, stakeholders across sectors are poised to work together to build resilient, inclusive communities and drive equitable growth across regions.

GDP per capita growth has been above the EU-27 average in every year since 2010, so the Hungarian economy has grown faster than the EU average. Our decline in 2020 was also below average, and even below the large decline in 2009—despite the fact that the EU average decline in 2020 was larger than in 2009.

According to the minister’s briefing, this brings the total amount of EU funds allocated to Hungary in the past days to a substantial 470 billion forints. Last Thursday witnessed a transfer of €779.5 million (equivalent to 300 billion forints) from the recovery funds.

According to the European Conservative Reformist Party, similarly to what the Hungarian government advocates, what Europe needs is not a federalist dogma, but sovereign nation states taking into consideration the peculiar needs and characters of regions and communities, for the sake of a prosperous and competitive continent.

The Prime Minister stated that both the European and Hungarian economies are influenced by the Russo-Ukrainian war. If the war were to end, both economies could show their ‘better side.’

In its Tuesday report, the bank estimated a real growth of 0.4 per cent for 2023 and 3.5 per cent for 2024 in Hungary. The bank increased its estimate for the Hungarian Gross Domestic Product growth this year by 0.6 percentage points and raised the growth projection for next year by a full percentage point.