Tag "Nagy Márton"

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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Márton Nagy: the government will launch a capital program soon

He highlighted: the program targeting capital funds will be presented to the government in the coming weeks; it will also cover green investments and capacity expansion. “Positive surprises” may hit...

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Márton Nagy: inflation may be in the single digits by the end of the year, the economy may pick up again next year

Hungary can avoid recession this year with a GDP expansion of 1.5 percent, and inflation may again be in single digits by the end of the year; In 2024, the...

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Márton Nagy: In 2023, we will avoid the recession!

Despite the increased economic challenges, a recession must be avoided, and the Hungarian government’s goal is for the country to achieve 1.5 percent growth in 2023 after the 4.5 percent...

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Márton Nagy: the government is planning a 3.5 percent deficit and 1.5 percent growth next year

The government plans and will achieve that the budget deficit will be 3.5 percent next year after this year’s 4.9 percent, and the growth could be 1.5 percent after the...

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Márton Nagy: the price cap will apply to foods that are over 40 percent more expensive and can also be produced at home

According to Márton Nagy, the recession must be avoided and inflation suppressed, which is the current basis of Hungarian economic policy. The Minister of Economic Development spoke in the InfoRádió...

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The government has decided about SZÉP cards

Minister of Economic Development Márton Nagy has set a new deadline and calls on SZÉP card holders to use their available SZÉP card balance in time. SZÉP cards can be...

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Minister of Economic Development: it’s time to put an end to price caps

The price caps fulfilled their role, but they are meant to deal with temporary difficulties, and now they are more and more expensive to maintain – said the minister responsible...

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