Hungary Targets 1% Economic Growth in 2023, Minister Says
- Cabinet to expand interest rate cap on small, medium companies
- Nagy says retail price caps to stay in place while needed
Pedestrians on Vaci Street in Budapest, Hungary.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Hungary’s government hopes to achieve 1% economic growth in 2023 after taking steps to help investments and extending an interest rate cap for small and medium enterprises, its economic development minister said.
Like many other European Union countries, Hungary is attempting to shield citizens and companies from runaway prices amid an energy crisis and the ongoing Russian invasion of Ukraine, which is about to enter its ninth month.