economic crisis in Hungary

17/11/2024

PM Orbán’s biggest opponent revealed why food prices are high in Hungary

He also explained how food prices could be reduced in Hungary. #food #hungarianeconomy #foodprices
16/11/2024

PHOTOS – Biggest Hungarian steelworks in severe trouble: Orbán cabinet pays wages

Thousands of people may lose their jobs soon in Dunaújváros because of the steelworks in trouble. #dunaújváros #steelworks #dunaferr
16/11/2024

The European Commission cools PM Orbán’s optimism about Hungary’s 2025 GDP growth

The European Commission's GDP growth forecast for 2025 is much lower than the Orbán cabinet's optimistic figure. Orbán promises about economic miracles for 2025 but without economic growth such plans are impossible to carry out. #hungarianeconomy #hungariangovernment #orbancabinet #europeancommission #gdp #gdpgrowth
15/11/2024

German companies in Hungary worried about growing costs, decreasing consumption

The latest survey conducted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) shows worsening sentiment among companies. #germany #germancompanies #hungarianeconomy #economycrisis
11/11/2024

Only once in 22 years has the October general government deficit been bigger than now

In October, the central sub-system of the general government accumulated a deficit of almost 1 billion euros, the second highest deficit in the last 10 months in decades:
11/11/2024

Hungary’s 2025 economic action plan unveiled: €9.8 billion to counter economic downturn 🔄

Forever optimistic! The government's optimism has not waned, with the 2025 budget and economic action plan coming, which will now really boost the Hungarian economy, ministers say:
10/11/2024

Bad news came from the Hungarian economy again: industry in trouble

Output of Hungary's industrial sector fell 7.2pc in September, a first reading of data released by the KSH shows. Will the Hungarian economy, industry be put on a growing path again? #hungarianindustry #hungarianeconomy #ksh
09/11/2024

Hungarian government: ‘peace budget’ ready after Trump’s victory, parliament to discuss it on Monday

The Fiscal Council said the budget was credible and feasible. PM Orbán called it 'peace budget' because he believes Trump can bring peace to Ukraine which will help the Hungarian economy flourish again. #hungariangovernment #hungarybudget #annualbudget #money
09/11/2024

Thousands of families in crisis before Christmas: biggest Hungarian steel works cannot pay

Workers of Dunaferr in great trouble before Christmas - here is what the government says. #hungariangovernment #dunaferr #steelworks #dunaujvaros
04/11/2024

Sixth lowest monthly PMI in Hungary since 1995

PMI in Hungary: this data also shows that the Orbán cabinet is in increasing economic trouble
01/11/2024

New Chamber of Industry and Commerce head promises new support schemes for SME sector

Elek Nagy, who was elected the new head of the Hungarian Chamber of Industry and Commerce (MKIK) on Wednesday, has announced new schemes. #mkik #hungarianeconomy #smesector
01/11/2024

Struggling German carmaking industry may ruin PM Orbán’s economic dreams and election chances – UPDATED

The German carmaking industry is struggling, and that has a devastating effect on Hungary's economy and PM Orbán's 2026 election chances. #germany #hungarianeconomy #hungarianindustry #2026elections
30/10/2024

Hungarian Tisza Party announces open selection process for officials amid economic critique

Péter Magyar said that his opposition Tisza Party is opening up a graduated selection process for party officials, and he warned any self-appointed political wannabes not to try to latch onto the party. #TiszaParty #opposition #politics
26/10/2024

Trump’s triumph could mean PM Orbán’s defeat and a government change in 2026

PM Orbán hopes Trump will end the war in Ukraine and lower US and EU pressure on Hungary; however, he may lose the 2026 elections because of Trump. #donaldtrump #viktororban #2026elections #hungarianeconomy
25/10/2024

After historic lows, Hungary’s forint faces possible further decline with today’s S&P credit rating – UPDATED

Hungary's national currency is struggling and is highly volatile in response to external shocks. It appears though that a Harris administration could help strengthen it. However, the Orbán cabinet is placing all its bets on Trump. Will the forint's future be bleak? #forint #hungarianeconomy #trump #harris #orbancabinet #s&p
19/10/2024

Can European leaders do without religious guidance? Hungarian politician does not think so

European leaders will "remain on the wrong path", serving economic interests over communities, without the guidance of religious communities, a state secretary said. #religion #economy #Europe
16/10/2024

Orbán government announces action plan with 21 measures, Magyar’s Tisza Party only 2% behind Orbán

An action plan of 21 measures has been announced. #hungariangovernment #orbancabinet #gergelygulyas
15/10/2024

Orbán government celebrates success, but Hungary faces its steepest economic decline of the year

The facts are stubborn: industry is in economic decline in Hungary, but the government communicates the opposite...
14/10/2024

Trade neutrality as an EU member? Fidesz launches ‘National Consultation’ on economic issues

Only one fifth of the people who vote usually fill it in, they are only pro-government, and of course they agree with everything the Government says. Then the Government takes the opinion of this 20% of the Hungarian population as the decision of the Hungarian population....
08/10/2024

The EU cannot keep up with China and the US, says Minister Nagy in Geneva

"Not only has the EU failed to take steps to address the matter, but..." #WorldEconomicForum (#WEF)