83128
Hungary to See 4% Growth
Hungary to See 4% Growth

Hungary to See 4% Growth

Hungary to See 4% Growth

Hungary’s economy will grow by 4% in coming years, will reach full employment by 2022 with rising wages, and does not need EU funds to succeed, Prime Minister Viktor Orban said on Tuesday, laying out an economic agenda ahead of April elections, Nasdaq reported. The rightwing leader has frequently clashed with Brussels over laws that increased control over the media and over tough anti-immigration policies. Officials in Brussels have discussed making some of the funds the bloc disburses to member states conditional on maintaining the rule of law, as a way to rein in Hungary, Poland and other former communist states where ruling parties have asserted control over media and courts in recent years. Hungary received about €5.6 billion ($7.45 billion) in EU funds while contributing just €946 million in dues in 2015, according to figures from the European Parliament, making it one of the biggest net beneficiaries per capita of EU money. It receives around €500 per person in net subsidies from Brussels, compared to a GDP per capita of around €10,000.

Short URL : https://goo.gl/3Vewn6
  1. https://goo.gl/Kso3Mu
  • https://goo.gl/wcs8PB
  • https://goo.gl/4yu5gf
  • https://goo.gl/Jbgm1z
  • https://goo.gl/GG7hqQ

You can also read ...

Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
EU, Mercosur Discuss Trade Deal
The European Union and South America’s Mercosur bloc could...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
German Growth Picks Up After Q1 Slowdown
The German economy is in a strong upswing despite data showing...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus