Foreign market growth support programme launched in Hungary
The performance and success of the Hungarian economy in recent years has been fundamentally affected by numerous large corporate investments in Hungary which provide quality jobs, Hungarian Foreign Minister Peter Szijjarto wrote on Facebook on Sunday, announcing that the government will launch a foreign market growth support programme.
PM Orban: Dangerous times lie ahead; reserves, collateral and security are needed
Dangerous times lie ahead, therefore the world cannot continue where it left off before the pandemic. In a situation such as this, reserves, collateral and security are needed, said Hungarian Prime Minister Viktor Orban on Tuesday at a joint press briefing with the Hungarian National Bank (MNB) governor at the institution's logistics headquarters.
Hungary set to be first to relaunch its economy
Pragmatic Hungary-Russia cooperation helped Hungary contain the third wave of the coronavirus pandemic and it will again help Hungary in its efforts to relaunch the economy, Hungarian Foreign Affairs and Trade Minister Peter Szijjarto said on Tuesday at INNOPROM Industrial Exhibition in Yekaterinburg.
Hungarian economy is regaining its growth potential
The Hungarian economy did not grind to a halt and is consistently regaining its growth potential with such dynamism that it will soon resume its pre-pandemic lead in the EU in terms of growth rate, Hungary’s finance minister has said.
2022 is about achieving full potential of restart
"Next year has to be about attaining the full potential of restarting and the Hungarian economy continuing on the same trajectory it was on before the epidemic," the Hungarian finance minister said regarding the 2022 state budget.
PM Orban: We need brave and unusual measures to raise economic growth above 5,5 per cent
We need "brave and unusual government measures to raise our economic growth above 5,5 per cent, but if we succeed, we can refund families with children their personal income taxes that they paid in 2021." The announcement was made by Hungarian PM Viktor Orban in a video shared on his social media after the adoption of next year s budget by the Hungarian parliament.
PM Orban: We must prepare for a decade of epidemics and mass migration
Over the past 15 years, Europe has had to grapple with three severe crises: the 2008 economic crisis, the 2015 migration crisis and the current coronavirus crisis. Hungary s government aims to draw the lessons of these crises, Hungarian PM Viktor Orban told a press briefing, adding that Hungary must brace itself for a decade characterised by epidemics and mass migrations.
PM Orban meets founding owner of Interactive Brokers Group
On Tuesday, Hungarian Prime Minister Viktor Orban received Tamas Peterffy, founding owner of Interactive Brokers Group, PM Orban s press chief told Hungary s state news agency (MTI).
PM Babis: Czechia will not withdraw complaint to EU s top court against Poland
The Czech Republic will not withdraw its complaint to the European Union s Court of Justice against the expansion of the brown coal mine at Turow in Poland, Czech PM Andrej Babis told Czech journalists in Brussels on Tuesday, refuting an earlier statement by Mateusz Morawiecki, his Polish counterpart.
Czech Republic withdraws complaint to EU s top court regarding coal mine in Poland
The Czech Republic has agreed to withdraw its complaint to the EU s top court regarding the Turow mine in Poland as - in line with a preliminary bilateral agreement - Poland will participate in a project designed to mitigate the mine s negative environmental impact, Polish PM Mateusz Morawiecki said on Tuesday.
PM Morawiecki: Pandemic was like a protracted winter
The pandemic was like a protracted winter, while the Polish Agreement will bring revival and prosperity for many businesses, Polish PM Mateusz Morawiecki said during his nationwide trip, where he also shared details of the Polish Agreement, the government s post-pandemic recovery plans.
Economy minister to solve labour shortage by immigrants
Supporting immigration is the easiest way to address steadily deteriorating economic and fertility figures, Italian Economy Minister Daniele Franco says. If immigration continues at such a rapid pace, it will "lead to the suicide of our civilisation", a researcher argues.
No solution in sight for crisis-ridden Italian airline
Employees will only receive half of their pay from the airline before Easter, as authorities in the European Union have failed to give permission to the new Italian airline to commence its flights and purchase slots.
PM Orban: We are overtaking on the bend
We have reached the third phase of our economic policy. The situation is difficult, but restarting the Hungarian economy is key. We would like make progress by overtaking others on the bend, Hungarian PM Viktor Orban said in a new video shared on social media, regarding his upcoming trip to Uzbekistan on Tuesday.
PM Orban consults economic chamber on relaunching economy
"They are feisty, they want reopening," Hungary s prime minister said, commenting on his talks with the representatives of the economic chamber on restarting the economy.
PM Orban: We can vaccinate everyone who registered
We are on the offensive with the help of the vaccine, but at the same time we are also on the defensive against the third wave. This is only natural, because we always do what we need to do, Hungarian Prime Minister Viktor Orban told the National Assembly on Tuesday, where he was grilled by MPs on the government s pandemic response.
PM Morawiecki: Poland expects strong economic upswing
We have a chance to surpass our economic growth measured before the pandemic. Not only will Poland avoid recession, but it can also expect a strong economic recovery, Poland s prime minister wrote on social media.
Another giant brought to its knees by coronaviurs
Alitalia became insolvent in February due to its financial difficulties caused by the coronavirus pandemic. The establishment of a new airline which could save some of the workplaces is already under way. However, this could take months because of the constant delays, putting some 11 thousand workers at risk of losing their jobs.
Unemployment in Europe during the coronavirus pandemic
The coronavirus pandemic has had a huge impact on the job market. The measures and closures introduced as part of the defence have led to higher unemployment across Europe, but governments in member states have been rolling out various concessions and subsidies to help both the employers and employees.
Bill Gates suggests a switch to synthetic meat
In a recent interview Microsoft s founder, who became the largest single owner of private farmland in the US this January, said rich countries should switch to synthetic "beef" in order to reduce carbon emissions and protect the climate.
PM Orban: We want to emerge from pandemic stronger than how we entered
In the next few months we will complete the mass inoculation plan, gradually phase out the Covid-19 restrictions based on people s views and implement our action plan designed to restart the economy, Hungarian PM Viktor Orban said on the first day of the Hungarian parliament s spring session on Monday.
VAT reduction in construction and purchase of new-build homes a boost to restarting economy
On Sunday, the parliamentary state secretary of Hungary s minister for family affairs talked about government subsidies with regards to the construction and purchase of new-build flats and houses.
George Soros s one-track world-wide press campaign
The stock market speculator s proposed perpetual bond solution for the European Union to handle the economic crisis caused by the pandemic goes up in smoke. Despite his thwarted plan, Soros continues to propagate the idea, publishing more or less the same article in three languages.
Viktor Orban: Economic protection plan to be followed by economic recovery plan
The economic protection plan, introduced mitigate the effects of the coronavirus epidemic achieved its goal, which was the retention of jobs. The result is that as many people were employed lasd December as before the pandemic, Hungarian Prime Minister Viktor Orban said at the Economic Year Opening Forum at the Hungarian Chamber of Commerce and Industry (MKIK). The prime minister also announced an element of the new action plan to restart the economy.
Viktor Orban: Hungarian economy will be restarted in three phases
After the completion of the economic protection action plan, the economic restart plan was launched in Hungary on 1 January. It will be implemented in three phases, Hungarian Prime Minister Viktor Orban said at the Economic Year Opening Event of the Hungarian Chamber of Commerce and Industry.
Two neighbouring countries to impose new restrictions
The state of health emergency is expected to be extended until June, implying that the ski season could be lost this year. The catering industry is doomed to the same fate with little hope for reopening before Easter. The country s north-eastern neighbour is also considering tougher restrictions, including a ban on foreign travel.
PM Orban: We re standing at the gate of great times
We chose a different type of crisis management than the West because, whereas they ve opted to preserve consumption levels, we ve tried to preserve jobs, Hungarian Prime Minister Viktor Orban told public media in his first interview in 2021. Mr Orban also talked about the vaccine against Covid-19 and Hungary vaccination plan.
Viktor Orban announces further economic protection measures
In a video posted on social media on Saturday, the Hungarian prime minister announced the supplementation of the economic protection plan to mitigate the effects of the epidemic.
George Soros revisits his plan to indebt Europe
Billionaire speculator George Soros has revisited his earlier plan involving perpetual bonds. Attacking Poland and Hungary for vetoing the next EU budget, Soros now suggests that perpetual bonds should be issued by individual member states. This, however, would push them into perpetual debt.
President annouces three-step deconfinement
The strict measures introduced in late October will be partially lifted in three rounds: first at the end of November and then in the middle of December, with a third round to be announced in the second half of January.
We will never accept European funds to become a means of blackmailing other countries
If the liberal mainstream likes you, then you are most likely to meet the rule of law conditions. However, if the liberal mainstream doesn’t like you, it means you probably haven t met the rule of law criteria. It is that simple, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto told V4NA. The minister also talked about Hungary s vaccine procurements and the economic recovery.
PM admitting worsening situation announces new restrictions
As the epidemic situation is becoming worse in Belgium, authorities are introducing new and stricter nationwide restrictions from 19 October. The new measures will remain in effect for a month.
PM Orban: Central Europe to become more significant
With its strength and significance growing, Central Europe is becoming increasingly valuable as the EU s growth centre is shifting towards East and Central Europe, Hungarian PM Viktor Orban said on Wednesday, at the stone laying ceremony of the Cirkovce-Pince power transmission line in Slovenian town of Kidricevo, which was also attended by Sloveniam PM Janez Jansa.
PM Orban: Future may belong to V4, we must seize the opportunity
"There is dynamism, future and growth" in the V4 region, the Hungarian prime minister said at the opening ceremony of the Budapest branch of a Polish company, on Thursday.
2nd quarter GDP down, unemployment up in COVID-stricken Czech economy
The latest figures were released by the Czech Statistical Office (CSU) and the Czech Labour Office on Friday.
Milanese SUNNEI joins Vanguards alongside Nanushka and AERON in bold move
Vanguards portfolio has been expanded with a unique Italian brand: alongside Nanushka and AERON, SUNNEI will also contribute to shaping the future of modern luxury.
Hungary’s recognition is unique in EU
Hungary s credit rating recognition is unique in the European Union (EU), as it is the only member state, whose outlook for credit rating classification has been improved in the last six months, Hungarian Finance Minister Mihaly Varga stressed in a video published on his social media page.
PM Orban: We are extending the loan repayment moratorium
The Hungarian government is extending the moratorium on households loan repayment for some social groups, Hungarian Prime Minister Viktor Orban told in a video published on his social media page after the meeting of the Economy Protection Operational Group.
PM Orban: Hungary must remain up and running
Our battle plan in the autumn is different from what it was during the spring, but the most important thing is that Hungary must - and will - remain functional, PM Viktor Orban told Hungary s public broadcaster in an exclusive interview on Saturday night.
PM Orban: Hungary must remain functional
Hungary s pandemic defence must be based on consensus, but we cannot allow the virus to paralyse the functioning of the country, Prime Minister Viktor Orban said. The Hungarian premier stressed that nearly two million people have returned the national consultation questionnaire, which shows that Hungarians want effective defence without disruptions in everyday life.
German Vice Chancellor suspected of abuse of power
German Vice Chancellor Olaf Scholz, who has also been Germany s finance minister since 2018, is facing allegations of influence peddling and abuse of power. The politician was questioned by the Cologne prosecutor’s office on Wednesday.
Government helps suppliers but not manufacturers
Automotive suppliers struggling due to the crisis will be helped by the German government while car manufacturers will not receive subsidies to ramp up purchase of vehicles fuelled by petrol or diesel, as agreed at a video conference on Tuesday. The conference on the situation of the German car industry was attended by Germany s transport minister, leaders of federal states with significant car industry and heads of leading car manufacturers (Volkswagen, BMW, Daimler).
German car industry recovers fastest from crisis
The German economic decline was 9.7 per cent in the second quarter, slightly smaller than expected, according to a report by the German Federal Statistical Office (Destatis) on Tuesday. As a result of the improving business sentiment, one of the big winners of the recovery could be the automotive industry, a survey by the Ifo Institute for Economic Research shows. Porsche, meanwhile, has been prosecuted, this time over concerns about petrol engines.
Hungary produces the most green electricity in region
The coronavirus pandemic brought unprecedented developments in electricity generation and consumption in the first half of the year, making Hungary s position the most favourable in the region in this respect.