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Tag Archives: Economy

50,000 Billion Forints Needed to Make Hungarian Economy Carbon Free by 2050, says Gov’t

Innovation and Technology Minister László Palkovics submitted the government’s energy and climate protection strategies to parliament’s sustainable development committee on Tuesday. Presenting the document, Palkovics said that Hungary would need funds totalling 50,000 billion forints (EUR 150bn) to make its economy carbon-free by 2050, thus meeting the European Union’s requirements of climate …

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Migration Not Needed for Successful Economic Policy, says Foreign Minister Szijjártó

The policies pursued by Hungary over the past ten years have demonstrated that migration is not a necessity for a successful economic policy, Foreign Minister Péter Szijjártó said at an OECD ministerial meeting in Paris on Friday. In his address to the session centred on the integration of immigrants, Szijjártó warned against …

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Construction sector output up 20.5% in October

Output of Hungaryʼs construction sector climbed 20.5% year-on-year in October, Hungarian news agency MTI says, citing unadjusted data released by the Central Statistical Office (KSH). Output of the buildings segment was up 18.8%, lifted by construction of residential, cultural and industrial buildings, KSH said. Civil engineering output rose 22.3%, helped …

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Hungary’s 10 Major Problem Areas, Listed by National Bank Governor Matolcsy

György Matolcsy wrote a ten-point list of major areas in need of improvement and development in Hungary. In his article published on Novekedes.hu, the Governor of the National Bank of Hungary touches on many issues from the (still non-existent) Ferihegy high-speed railway, to solving the problems of women wanting babies, to the sugar …

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