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Hungary Sees Horrible Economic Fallout Without EV Subsidies

Hungary Sees Horrible Economic Fallout Without EV Subsidies
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Orban Ally Nagy Says Hungary Sees Tough Economic Fallout Without EV Subsidies

Orban Ally Nagy Says Hungary Sees Tough Economic Fallout Without EV Subsidies
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Marton nagyEconomic developmentEuropean unionDevelopment minister marton nagy

Hungary raises deficit gap, puts pressure on banks to boost lending

Hungary's government has raised the 2023 budget deficit target to 5.2% of economic output from 3.9%, the finance ministry said on Tuesday, citing increased spending on pensions, energy subsidies and family subsidies. Hungary's economy is expected to stagnate this year at best, as the European Union's highest inflation - which peaked above 25% in the first quarter - has slammed the brakes on consumption. Prime Minister Viktor Orban's government is struggling to revive growth and lending, in order to put the economy back on a path of expansion next year, when European parliamentary elections are due.

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Hungary Central Bank Buoys Forint With Hawkish Tilt on Rates

(Bloomberg) Hungary’s central bank reaffirmed a more hawkish tilt in monetary policy after completing the unwinding of an emergency interest rate hike that staved off a currency crisis last year. The forint rose against the euro.Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesApple’s $59 Fake-Suede iPhon

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Hungary in Talks to Buy Majority Stake in Budapest Airport

(Bloomberg) Hungary has submitted a formal offer to buy a majority stake in Budapest Airport in a transaction that could be valued at about €4 billion ($4.3 billion), according to a person familiar with the matter, potentially ending years of wrangling over the hub’s fate.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-

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