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Gulyas to Brief Press Following Three-Day Government Meeting

HUNGARY
  • Despite the prolonged war in Ukraine and challenges posed by the EU sanctions, the Hungarian economy has proved resilient, MTI report citing the finance ministry’s latest monthly report. The government's measures serve as a good basis to avoid recession in 2023 and bring economic growth back above 4% next year.
  • Speaking in an interview to Magyar 7, the head of the Prime Minister's Office, Gergely Gulyas, has said that Hungary rejects attempts to create a uniform Europe but sees no alternative other than to remain a member of the EU and NATO, MTI report. "There's no doubt that one aim of the change in political system [in 1989-1990] was to become a member of the European Union and NATO," he said. "However many disappointments there have been... there's no better alternative."
  • Gulyas will brief reporters at 0900 GMT/1000 CET following a three-day government meeting which focussed on the country’s economic growth, inflation and the effects of Russia’s war in Ukraine. Prime Minister Orban will attend the EU government leaders’ summit, which has begun in Brussels this morning. There are no major economic releases scheduled today ahead of CPI data set for release tomorrow (Exp. +25.2% y/y; Prior. +24.5% y/y).
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