Hungary’s PM and head of the ruling Fidesz party, Viktor Orban, unveiled his governing program seeking for a re-election at the April 6 vote, portfolio.hu reported. Orban pledged, his next government to keep unchanged the current priorities, which he summed in a ten-point list.
The goals include larger local funds in the financing of public debt, changes in the ownership structure of the local banking sector with at least 50% of the banking sector controlled by the stat. Orban plans to reduce labour taxes, including a possible cut to contributions. As regards the energy sector, the PM vowed to turn the energy generation industry into a non-profit service. Another goal is the reindustrialization of the country, as Hungary needs to surpass the Czech Republic and even Germany in this respect. Orban also plans changes to the ownership structure of agricultural land, setting up innovation hubs. Economic policy decision will take into account demographic considerations.
Related Articles
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Druzhba oil flow to Slovakia and Hungary is renewed
The oil flow from the Russian Druzhba pipeline was renewed late on August 19. “The flow of oil to Slovakia is standard at the moment,” the country’s Minister of Economy Denisa Saková (Hlas) ... more
US Westinghouse could develop electricity storage site near Slovak Gabčíkovo hydroelectric power plant
US power company Westinghouse is reportedly in talks with the Slovak government to develop a new type of electricity storage site near the Gabčíkovo hydroelectric power plant (HPP) on the Danube ... more