Report: Orbán calls for crisis committee over slowing economy

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Hungary’s Prime Minister Viktor Orbán called for a crisis committee due to the weak start of the Hungarian economy in the beginning of the year, State Secretary Ágnes Hornung told Hungarian weekly Figyelő today. She added that an economic stimulus package is being planned.

According to the paper, the Hungarian government was surprised about the unexpectedly weak economic performance in the beginning of the year.

In the first quarter, the countryʼs GDP contracted for the first time in four years.

Orbán ordered National Economy Minister Mihály Varga to make recommendations on boosting the economy, and the ministry has started working on those, the weekly reported. 

As a possible solution for boosting the Hungarian economy, the state secretary mentioned efforts to promote and develop the Budapest Stock Exchange. State Secretary Hornung added that SMEs could possibly be helped to enter the Budapest bourse, the weekly reported. 

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