Hungarian Conservative

According to Eurostat’s August report, Hungary was among the top third of member states in terms of emission reductions in the first quarter of 2024. Hungary managed to reduce its GHG emissions while also increasing its economic performance in the first three months of this year.

The Hungarian economy grew by 1.3 per cent in the second quarter of 2024, remaining above the EU average. The countries of the eurozone are expected to continue weakening, especially the German economy, which is not a good sign for Hungary. Considering the data, there is a more urgent need than ever to boost the EU’s competitiveness, which is a key priority of the Hungarian EU Presidency.

There have been misleading press reports suggesting that now Hungary lags behind Romania, based on Eurostat’s fresh data that say that in 2022, Hungary’s GDP per capita at purchasing power parity was 76.6 per cent of the EU average, while in Romania, this ratio was 76.7 per cent. The economic researchers at the Nézőpont Institute investigated whether Romania had indeed overtaken Hungary in economic terms. ‘Based on Eurostat’s data, the answer is simple: no,’ researchers assert in a statement.

Hungary managed to stay above the EU average with a fertility rate of 1.61 in 2021. This is also a sizable increase compared to the 1.23 figure the country reported in 2011.

Eurostat released its statistics on excess mortality rates in the EU for December 2022. The numbers show a staggering 19 per cent increase in the region overall. However, in Hungary, the same number is a mere 2.8 per cent.