Tag "Nagy Márton"
Márton Nagy: Retail turnover growth is currently in the 4-5 percent range
This year is the year of economic breakthrough, with growth above 3 percent in the second half of 2025, and a dynamic expansion of GDP expected in the following years,...
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Márton Nagy: the range of products subject to margin stop may be expanded
If prices start to rise for other products not currently subject to the profit margin cap, then “we will expand the range of products covered by the profit margin cap” –...
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Margin stop works, says Márton Nagy
The margin freeze is working, the prices of more than a thousand products have been controlled – the Minister of National Economy emphasized in his video message on Tuesday, adding...
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Margin freeze: significant price reduction for basic foods, but long-term effects questionable
The Hungarian government introduced a price margin cap on March 17, covering 30 basic food categories and affecting more than 1,000 products. The measure aims to curb inflation and ease...
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According to Márton Nagy, the price of the affected foods decreased by an average of 16 percent as a result of the margin freeze
The margin freeze affects about 1,000 products in 30 product categories, and based on Monday evening data, the prices of these foods have decreased by an average of 16 percent,...
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A turnaround in the economy can already be observed in eight areas
Nagy Márton kiemelte, a magyar gazdaságban rövid távon a legnagyobb kihívás az infláció, mert “sosem nyugszik, jön vissza”. Rámutatott, hogy januárban az infláció 5,5 százalék, az élelmiszerinfláció pedig 6 százalék volt,...
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Márton Nagy: we are fighting against unjustified price increases and price gougers
In order to reduce food prices and take effective action against price gougers, Minister of National Economy Márton Nagy held talks on Thursday and Friday with representatives of the National...
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Why was the price stop brought up again?
In his year-end speech, Prime Minister Viktor Orbán once again raised the possibility of imposing official prices if food prices do not fall. The issue has also been raised earlier...
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Tourism results reach new heights
Among the results, he listed the low level of the unemployment rate and the development of employment, adding that 4.7 million people are currently working. The minimum wage is under...
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Márton Nagy negotiated with OKSZ about food prices
We are working to reduce food prices! – the Minister of National Economy announced on his social media page, adding that he consulted with representatives of the National Trade Federation...
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Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and the government is ready to take action with all means to protect families, the Ministry of National Economy (NGM) told...
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Márton Nagy: can price stops come again?
Could price caps come again? – asked the Minister of National Economy in a Facebook post on Monday. “If necessary, we will intervene immediately in the interests of families!” –...
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Márton Nagy: tourism delivered peak performance last year
Tourism has momentum and strength, and we can talk about “peak performances” in 2024 – said Minister of National Economy Márton Nagy at the 32nd Tourism Season Opening Gala in...
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Márton Nagy: the turning point is here, the Hungarian economy will shift to a higher growth path in 2025
According to the Central Statistical Office, the economy grew by 0.4 percent in the last quarter of 2024 compared to the same period of the previous year based on raw...
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Fighting inflation: focus on food and fuel
From January 1, 2025, the government has raised the threshold for VAT exemption to 18 million forints, which affects approximately 850,000 businesses in Hungary. Minister of National Economy Márton Nagy...
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Márton Nagy: Liszt Ferenc International Airport had a record year in 2024
Last year, the Liszt Ferenc International Airport handled more than 17.5 million passengers, which is its best performance ever, said Minister of National Economy Márton Nagy on his Facebook page....
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Márton Nagy: tourism in Hungary is divisive
Hungarian tourism is booming, Ferihegy is the fastest growing airport in Europe – said Minister of National Economy Márton Nagy at the Michelin Guide awards ceremony in Budapest on Tuesday...
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Márton Nagy: the government is keeping inflation low, the emphasis should be on increasing productivity
According to the latest data from the Central Statistical Office, inflation remained at a favorable, permanently low level in November, in line with preliminary government signals and market expectations. In...
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Nine distinguished individuals received the highest state award in tourism
The Sándor Kőrösi Csoma Awards, which can be awarded in three categories, can be received by outstanding professionals who have worked with unwavering dedication for the development of tourism in...
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One of the main drivers of domestic retail is the pharmaceutical trade
The pharmaceutical industry is a very important industry in the Hungarian economy, emphasized Minister of National Economy Márton Nagy in his opening speech at the conference organized by the Hungarian...
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Márton Nagy: inflation remains at a low level
In accordance with preliminary government indications, inflation remained at a favorable, low level in October, stated Minister of National Economy Márton Nagy in his commentary on the latest data. In...
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Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of the dependent sectors are positive, the Hungarian economy is being hit by shocks due to external factors, primarily the decline...
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NGM promises an average salary of HUF 1 million
According to Márton Nagy, the minimum wage of 1,000 euros and the average salary of 1 million forints are achievable, the Minister of National Economy held a meeting on Tuesday...
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Márton Nagy: Hungary is a supporter of neutrality in trade policy
As a supporter of neutrality in trade policy, Hungary opposes the economic blockade of the world, since the way to development would be to ease the division – said the...
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Márton Nagy: there is a boom in tourism in Hungary
There is a boom in tourism in Hungary, never before have so many people vacationed domestically and never before have so many foreign tourists visited Hungary as this year, said...
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SME development: the corporate use of artificial intelligence must be encouraged
The government’s priority goal is to improve the competitiveness of domestic SMEs, and for this the corporate use of artificial intelligence (AI) must be encouraged – said the Minister of...
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Márton Nagy would use administrative means to encourage domestic purchases: what does this mean in practice?
Minister of National Economy Márton Nagy is considering administrative steps to ensure that the Hungarian population prefers to spend its money at domestic rather than foreign-owned merchants – it was...
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Márton Nagy is satisfied with the rate of decrease in inflation
As in the previous months, inflation remained at a low level in line with market expectations in August – Minister of National Economy Márton Nagy evaluated the latest data in...
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Conciliation Forum of Chambers of Commerce: SMEs become the focus of economic policy
On Tuesday, the Conciliation Forum of the Chambers of Commerce held its first autumn meeting, and overall its sixth meeting, which since its establishment in January 2023 – in addition...
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