Hungary will secure HUF 6,000 billion (EUR 16 billion) in EU funds thanks to the anti-corruption measures the government has adopted, Prime Minister Péter Magyar said on social media on Sunday. The prime minister was of the view that the Tisza government had achieved in a few weeks what the Orbán government had failed to […]

Based on May data from the Hungarian Central Statistical Office (KSH), there are no signs of a turnaround in the construction industry yet: production volume fell by 10.7% year-on-year and by 6.5 % compared to the previous month. However, according to the local unit of Italian building materials manufacturer Mapei, the statistics do not yet […]

After parliamentary sessions on Monday and Tuesday and a cabinet meeting on Wednesday, the second half of the week will focus on Brussels and ECOFIN, finance minister András Kármán said on social media on Monday. The government will also take the final legal steps required by the European Union "to bring home the funds due […]

The Hungarian capital is a partner and ally to the central government in ensuring that the EU funds finally arriving in Hungary are used wisely and for the future, Budapest Mayor Gergely Karácsony said in a social media post reviewed by MTI. "The return of EU funds is a big deal and a real cause […]

On May 1st, Hungary marked the 21st anniversary of its accession to the European Union. While EU membership offers a host of economic advantages — such as tariff-free exports within the bloc, increased foreign direct investment, and free movement of labour — perhaps the most tangible benefit lies in the direct financial support from Brussels. […]

Uncertainty surrounding EU tenders has only slightly dampened the confidence of companies, with around half of them still considering it realistic to obtain such funding, K&H told MTI on Wednesday, based on the first quarter results of the Hungarian Micro, Small and Medium Enterprises (SME) Confidence Index. K&H has been compiling a quarterly SME confidence […]