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The work-based economy is successful

The Prime Minister, November 21, 2016 4:01 PM

In an interview on the Kossuth Rádió programme “180 Minutes”, Prime Minister Viktor Orbán described the Hungarian economic model – the work-based economy – as successful. He said that as the country’s economic foundations are sound and the financial system is stable, there can be a significant rise in the minimum wage, and a similarly substantial cut in corporation tax.

Hungarian–Serbian military cooperation must be strengthened

Ministry of Defence, November 21, 2016 3:56 PM

Speaking to Hungarian news agency MTI on Monday, 21 November in Nis, Southern Serbia, Minister of Defence István Simicskó emphasized that the Hungarian–Serbian military cooperation must be strengthened in the interest of the future and the security of both nations.

Fitch affirms Hungary’s rating

Ministry of Finance, November 21, 2016 2:56 PM

Fitch Ratings affirmed that Hungary’s government bonds are recommended for investment, with a stable outlook. Fitch restored Hungary’s investment-grade rating in May.

Serbian-Hungarian cabinet summit begins in Niš on Sunday

The Prime Minister, November 21, 2016 2:46 PM

Minister of State Bertalan Havasi, Head of the Prime Minister’s Press Office, has told kormany.hu that on Sunday afternoon Prime Minister Viktor Orbán travelled to the southern Serbian city of Niš for a two-day Serbian-Hungarian intergovernmental cabinet summit.

Wage hike and the reduction of payroll taxes to boost competitiveness

Ministry of Finance, November 21, 2016 1:41 PM

The Government aims to bolster the country’s competitiveness through reducing payroll taxes and hiking wages, Minister for National Economy Mihály Varga told public news channel M1 on Friday evening.

Termination of EU-Turkey agreement increasingly likely

Government, November 21, 2016 1:36 PM

“There is an increasing likelihood of the migration agreement between the European Union and Turkey being terminated”, György Bakondi said on Hungarian television’s Monday evening current affairs program.

Brussels will not withdraw its decisions on mandatory relocation

Cabinet Office of the Prime Minister, November 21, 2016 1:16 PM

Parliamentary State Secretary Csaba Dömötör has told Hungarian news agency MTI that the EU’s Home Affairs Council had made it clear again that the European Commission would not withdraw its decisions made on mandatory relocation. This means that a prolonged debate is to be expected, Mr. Dömötör said.

Serbia is Hungary’s number one partner in the Western Balkans

Ministry of Foreign Affairs and Trade, November 21, 2016 11:00 AM

“Serbia is Hungary’s number one partner in the Western Balkans”, Minister of Foreign Affairs and Trade Péter Szijjártó told public media reporters in Niš on Sunday prior to the Hungarian-Serbian joint cabinet meeting.

Serbian–Hungarian defence ministerial meeting in Nis

Ministry of Defence, November 21, 2016 10:58 AM

On Sunday, 20 November in Nis, Southern Serbia, Minister of Defence of Hungary István Simicskó held a bilateral discussion with Serbian Minister of Defence Zoran Djordjević.

Privatisation in Serbia a great opportunity for Hungarian enterprises

Ministry of Finance, November 21, 2016 10:29 AM

Serbia’s privatisation campaign, under which the Serbian government is offering hundreds of state-owned enterprises, may provide significant opportunities for Hungarian companies, Minister for National Economy Mihály Varga said in the South Serbian city of Nis, following talks with Minister of Economy Goran Knezevic and State Secretary Nenad Mijailovic of the Ministry of Finance.