Finance Minister: Hungary rejects EC intervening in member states’ budgets

The Hungarian government rejects the European Commission's "even stronger interference" in member states' budgets, Mihaly Varga, the finance minister, said before the meeting of the Council of Finance Ministers (Ecofin) in Luxembourg on Friday, adding that the EC's firmer hand would introduce "yet another ...

Industrial output down 8.3 percent yr/yr in April

Industrial output fell by an annual 8.3 percent in April, following a 4.1 percent decline in the previous month, a detailed release of data by the Central Statistical Office (KSH) on Wednesday shows.

Finance Minister: 2024 budget ‘defence budget’

Addressing the debate of the 2024 budget in parliament on Tuesday, Finance Minister Mihaly Varga qualified the budget as "a defence budget", saying that in times of war Hungary must guarantee its security, protect families, pensions, jobs and maintain low utility costs.

Industrial output down 8.3 percent in April

Output of Hungary's industrial sector fell by 8.3 percent year-on-year in April, after a 4.1 drop in the previous month, data released by the Central Statistical Office (KSH) on Wednesday show.

Retail sales down 12.6 percent in April

Retail sales in Hungary fell by an annual 12.6 percent in April, when adjusted for calendar year effects, the Central Statistical Office (KSH) said on Tuesday.

Orbán holds talks with AIIB president

Prime Minister Viktor Orbán held talks with Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), in his office on Monday, Orban's press chief said.