The Hungarian government’s action plan to restart the economy will be followed by a large-scale investment support scheme which will be co-financed with the European Union, Prime Minister Viktor Orbán told lawmakers at the first plenary meeting of parliament’s spring session.
Gergely Karácsony, the mayor of Budapest, and Istvan Ujhelyi, an opposition Socialist MEP have turned to Ursula von der Leyen, the European Commission’s president, over 5,472 billion euros of European Union recovery funds that Hungary is slated to receive.
The opposition LMP has called on the government to submit to parliament its plans to implement the European Green Deal in Hungary and to develop a plan for the domestic green economy by the end of March at the latest.
The opposition Socialists have called for narrowing the gap between rich and poor.
Industrial output in Hungary was down by an annual 6.1% in 2020, the Central Statistical Office (KSH) said, confirming its first reading of data.
Hungary’s annualised consumer price index was 2.7% in January, unchanged for the third month in a row, data released by the Central Statistical Office (KSH) on Friday shows.
Systemic transformations are needed because the energy market is changing and the government aims to transition to a green, circular economy, the state secretary in charge of developing the circular economy, energy and climate policy told daily Magyar Nemzet.
The number of guest nights in Hungary fell by an annual 92.7% to 147,000 in December as the pandemic continued to impact the tourism industry, the Central Statistical Office (KSH) said.
The government has signed a strategic cooperation agreement with Siemens Energy, the company announced, adding that they would launch a one billion forint (EUR 2.8m) investment project in Hungary.
The European Commission projects Hungary’s GDP will grow by 4% this year and 5% in 2022.
