The European Commissioner for Economic and Financial Affairs, Olli Rehn has contacted the Hungarian government in writing, asking for a list of planned reform steps, the Hungarian business daily Világgazdaság said on Tuesday.
The European Commissioner for Economic and Financial Affairs, Olli Rehn has contacted the Hungarian government in writing, asking for a list of planned reform steps, the Hungarian business daily Világgazdaság said on Tuesday.
All economic priorities of the Hungarian presidency serve to strengthen the position of the European Union, Hungarian Economy Minister Gyorgy Matolcsy said at an EP committee hearing in Brussels on Monday.
Hungary's New Széchenyi Plan, an economic development plan, will invest HUF 7,000 billion (EUR 25.5bn) between 2011 and 2014 in various business projects and infrastructure, boosting the investment rate by an annual 5 percentage points.
The European Commission projects Hungary's economy will expand by 2.8 % in 2011, unchanged from its projection in the spring. The Commission forecasts that Hungary will meet the 3.8 % public finance deficit target for 2010 but will overshoot the respective targets for 2011 and 2012.
Hungary's budget revenue is expected to increase by HUF 1,000 bn (EUR 3.64 bn) annually in the 2013-2015 period as a result of the government's measures to boost jobs and cut state spending, Economy Minister György Matolcsy said on Friday.
