Varga chairs first Economic Cabinet meeting

Visits

The Hungarian government’s newly formed Economic Cabinet, in charge of making decisions related to economic policy, held its first meeting yesterday, according to reports. The meeting was chaired by Minister for National Economy Mihály Varga, who is in charge of the cabinet.

The participants discussed economic and employment trends, the introduction of electronic invoicing, and providing replacement buses for Budapestʼs M3 metro line while it undergoes renovation, Hungarian news agency MTI reported. 

Under the new division of the Hungarian cabinet into two entities, Prime Minister’s Office chief János Lázár was selected to head the strategic cabinet and Minister for National Economy Mihály Varga heads the economic cabinet, according to decisions published in the official gazette Magyar Közlöny in July.

According to a political analyst quoted in the report, the reason for the division of powers is to allow Prime Minister Viktor Orbán more freedom to concentrate on campaigning for the next election, expected in early 2018, and to handle other issues that he deems important.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.