Ministry of Finance
News
Number of people in employment up by 450 thousand over the past five years
Ministry of Finance, May 28, 2015 1:42 PM
According to the flash report of the Hungarian Central Statistical Office (KSH), the number of people in employment has been above the 4 million mark over the past fifteen months in Hungary.
Hungary re-joined the International Investment Bank as a member with full voting rights
Ministry of Finance, May 28, 2015 1:25 PM
Following a hiatus of some fifteen years, Hungarian attendees of the International Investment Bank (IIB) session on 4-5 June 2015 in Mongolia will again participate as representatives of a member state with full voting rights.
Retail sales higher following the introduction of the Sunday closure of retail stores
Ministry of Finance, May 27, 2015 4:58 PM
Commenting on the latest retail sales data published by the Hungarian Central Statistical Office (KSH), Minister of State for Economic Regulation Béla Glattfelder pointed out that although many people had feared a retail sales slump following the introduction of restrictions on Sunday shopping and the subsequent loss of billions in tax revenues, the volume of sales actually increased in March 2015.
Successful Hungarian economic model presented in Brussels
Ministry of Finance, May 27, 2015 9:47 AM
Hungary has recorded significant achievements since 2010 and data confirm that the Hungarian economic model has been successful, Minister for Economic Regulation Béla Glattfelder said at the conference entitled “A European success story: economic growth without austerity – the Hungarian model” held in the building of the European Parliament.
Hungary and the EU join forces to improve competitiveness
Ministry of Finance, May 26, 2015 3:42 PM
Minister for National Economy Mihály Varga received in his office European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elżbieta Bieńkowska. The politician, who visited Budapest for the first time as Commissioner, discussed with Minister Varga challenges that the European industrial and SME sectors are facing.
Hungary among fastest-growing EU countries
Ministry of Finance, May 26, 2015 1:50 PM
Hungary has joined the league of the fastest growing EU economies, as the country’s GDP reached the pre-crisis level, while the number of people in employment and the volume of investments have also risen, Minister for National Economy Mihály Varga said at the opening of a new production facility of Urbán&Urbán Ltd in Rétság, Northern Hungary.
Fitch upgraded Hungary’s rating outlook
Ministry of Finance, May 26, 2015 12:54 PM
In the opinion of Fitch Ratings, Government efforts aimed at reducing general government debt and keeping the economy on a sustainable growth path have been bearing fruits. As a confirmation of positive economic processes, in its upbeat press release, the rating agency upgraded Hungary’s rating outlook from negative to positive and thus, the country is only one notch away from investment grade category. Several factors have triggered the revision.
Economic growth drives wages higher
Ministry of Finance, May 22, 2015 10:31 AM
Economic growth has been the driver of wage increases, Minister of State for Vocational Training and the Labour Market Sándor Czomba told public news channel M1 commenting on the latest wage data showing that wages in real terms were up by 4.1 percent in the first quarter of 2015.
Wages in real terms up by more than 5 percent in Q1 2015
Ministry of Finance, May 21, 2015 2:01 PM
The flash report of the Hungarian Central Statistical Office (KSH) published earlier today shows that in the initial three months of the year wages in real terms were up by 5.2 percent year-on-year within the national economy. Thus, wages in real terms have been on the rise for the twenty-seventh month, while the number of jobs at private sector enterprises with at least five employees increased by 59 thousand compared to March 2014.
Government debt only slightly higher than last year
Ministry of Finance, May 19, 2015 8:54 AM
Minister of State for Taxation and Finances at the Ministry of National Economy Gábor Orbán told national TV channel M1 on Monday that Hungary’s government debt level increased to only 77.2 per cent of the GDP by the end of the first quarter from last year’s 76.9 per cent; this represents a very slight increase, considering that household debt is typically generated in the first two quarters of the year.