Tag "Nagy Márton"

Márton Nagy is satisfied: the price of eggs decreased by 22 percent, flour by 19.6 percent, dairy products by 11.6 percent, and dry pasta by 10.6 percent compared to the same period last year

Inflation brought down to a low level by the government is good for families and good for the economy as well – stated Minister of National Economy Márton Nagy in...

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Today, the food industry is not “only” a strategic issue, but also a national security issue

Banks play an important role in boosting the Hungarian economy, the rate of which depends on the development of consumption and how long the war in Ukraine will last, said...

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Márton Nagy: artificial intelligence is inevitable

Artificial intelligence (AI) will have an inevitable and increasingly important role, but at the same time, everyone in the global economy is protecting their own technology, and trade wars are...

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Márton Nagy: retail trade and food consumption have picked up, tourism has grown by 15 percent

Economic growth will start again next year: after this year’s 2.5 percent, a 4.1 percent expansion is expected in 2025, the Minister of National Economy said on Wednesday in Debrecen,...

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Márton Nagy: more and more people want to work in Hungary

More and more people want to work in Hungary, said Minister of National Economy Márton Nagy on Saturday in his presentation at the Tranzit spring conference entitled Year of Elections...

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Márton Nagy: inflation collapsed and remained low

Based on the latest data from the Central Statistical Office (KSH), the rate of inflation continued to melt in March 2024, after 3.8 percent in January and 3.7 percent in...

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Márton Nagy negotiated with representatives of the 13 fastest growing domestic companies

On Thursday, Minister of National Economy Márton Nagy received in his office the senior managers of the 13 domestic companies that are among the fastest growing economic companies in Europe...

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Márton Nagy also addressed the alleged expansion of Mere in Hungary

The value of state assets has doubled since 2010, from HUF 11.6 billion in 2010 to HUF 21.8 billion by 2022, and it accounts for 25 percent of GDP, Márton...

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Márton Nagy: the growth of the Hungarian economy at around 4 percent is sustainable

The government expects an economic growth of between 2-3 percent this year, but growth of around 4 percent is achievable and sustainable in the long term in 2025, said the...

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Márton Nagy: the performance of the food industry “will be fine”

We must return to the previous path of convergence and restore financial stability and the balance of the budget, said Minister of National Economy Márton Nagy on Wednesday in Budapest,...

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Márton Nagy: the most important task of tourism is to digitize the sector to the highest possible degree

On Thursday, the Minister of National Economy participated in the formal meeting of the Competitiveness Council of the European Union in Brussels, where, in addition to issues related to competition...

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Minister of National Economy Márton Nagy in the GVH podcast

What factors caused the development of record inflation in Hungary and what is the reason for the rapid reversal of monetary deterioration? For what reasons did food inflation rise and...

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Márton Nagy: the reduction of inflation is due to the choice of the right tools

The rapid reduction of inflation is due to the fact that the government used the best tools, realizing the importance of fiscal and regulatory policy in stopping unfavorable processes, the...

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Márton Nagy: the stagnation of GDP is temporary

According to the data of the Central Statistical Office, in the last quarter of 2023 it increased by 0.4 percent on an annual basis, while the performance of the Hungarian...

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Márton Nagy: inflation has practically collapsed, the government has already reduced it below 4 percent

According to the data of the Central Statistical Office (KSH), in January 2024, the government reduced the rate of inflation to less than one-sixth of its peak a year ago,...

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Márton Nagy: Hungary can become the leader of the region

According to the latest forecast of the European Bank for Reconstruction and Development (EBRD), Hungary’s economy will stand out in the Central European and Baltic region with its 2.8 percent...

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GFM: the Science and Innovation, Technology, Industry and Logistics Park Council held its inaugural meeting

The Science and Innovation, Technology, Industry and Logistics Park Council held its inaugural meeting on October 5, 2023 under the leadership of Márton Nagy, the minister responsible for economic development...

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Márton Nagy: food production is also more efficient with the help of AI

Minden területen hatalmas változásokat hozhat a mesterséges intelligencia (AI), amelyet már a távközlésben, iparban, energetikában és a mezőgazdaságban is használnak, alkalmazása évi 1,4 százalékponttal járulhat hozzá a növekedéshez világszinten –...

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Márton Nagy: the population must feel that they can consume

The government’s goal is to protect the investment-based, export-oriented economy, to protect consumers against high energy prices, to deal with the difficulties of the credit market and to stimulate consumption...

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Márton Nagy is satisfied with the decrease in inflation

According to KSH data, the gross average salary rose to HUF 566,800 in June 2023, so the average wage increased by HUF 78,000, or 16.0 percent, in one year. With...

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Márton Nagy: the government has halved food inflation compared to its peak

According to the latest data from the Central Statistical Office (KSH), the government is increasingly reducing inflation, and in July 2023 the rate of inflation has already dropped to 17.6...

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Márton Nagy: there is a consumption trap behind the growth slowdown

Marton Nagy, Minister of Economic Development, wants to debate whether it is worthwhile to reduce inflation to the previously targeted level. He believes that due to changes in the global...

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Márton Nagy: For the first time since November 2020, inflation has decreased “visible” on a monthly basis

Inflation decreased noticeably on a monthly basis for the first time since November 2020, according to the data released by the Central Statistical Office (KSH), as highlighted by Minister of...

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Márton Nagy: Hungary welcomes investors from all over the world

Hungary’s economy is open, it welcomes investors from all over the world – said the Minister of Economic Development at the Mathias Corvinus Collegium (MCC) Budapest Peace Forum conference on...

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Márton Nagy: the mandatory promotion and price reduction of food has started

From June 1, the mandatory sales in commercial stores began to reduce the increased food prices due to the war and sanctions. This is another government measure to protect Hungarian...

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GFM: Márton Nagy consulted with the leaders of the largest trade association and store chains about the mandatory promotions

Márton Nagy consulted with the leaders of the largest trade association and store chains about the mandatory promotions – the Ministry of Economic Development (GFM) informed MTI on Tuesday. The...

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Márton Nagy: the inflation data are in line with the government’s expectations

The inflation data for March are in line with the government’s expectations, inflation peaked in January and then started to decrease, Minister of Economic Development Márton Nagy told Világgazdaság on...

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Márton Nagy: we are on the right track in reducing inflation

As the government indicated in advance, inflation peaked in January, and in February it started to moderate, the Minister of Economic Development told Világgazdaság. According to Márton Nagy, all of...

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Márton Nagy also spoke about the extra profit tax and the price cap

If energy prices had not fallen, no matter how high the central bank interest rate is, the exchange rate of the forint will probably not stabilize, which is why it...

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Márton Nagy: inflation will be single digits by the end of the year

According to expectations, inflation will decrease from next month and will be in single digits by the end of the year, the Minister of Economic Development said on the government’s...

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