Nagy: National Economy Ministry will work to support families and businesses

Minister Nagy said that his ministry wanted to establish an “outstanding cooperation” with the National Bank of Hungary (NBH).

Márton Nagy, National Economy Minister, said the pool of experts at the expanded National Economy Ministry, into which the Finance Ministry has merged, will work to support families and businesses.

Minister Nagy said that his ministry wanted to establish an “outstanding cooperation” with the National Bank of Hungary (NBH).

He noted that Hungary had faced three crises in recent years, the pandemic, the energy crisis caused by the war in Ukraine and now the economic downturn in Germany, but pointed to the impact the government’s new economic policy action plan would have in 2025, lifting wages by 8pc, keeping inflation at 3pc and boosting GDP growth, while the government stuck to an “extraordinarily tight” fiscal policy.

Government measures will boost household incomes, ensure easier access to housing for young Hungarians and promote the faster development of businesses, Nagy said.