Ministry of Finance
News
Hungary and Egypt sign tourism agreement
Ministry of Finance, April 16, 2015 1:54 PM
On 15-16 April 2015, Egypt’s Foreign Minister Sameh Shukri is on an official trip in Hungary. The Minister signed a tourism agreement with Minister for National Economy Mihály Varga during a high-profile meeting in the building of Hungary’s Parliament. The MoU aims to bolster bilateral tourism relations under the “Opening to the South” policy.
Hungary’s economic performance better than presumed by European Commission country report
Ministry of Finance, April 15, 2015 1:03 PM
Jonathan Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union, and Hungary’s Minister for National Economy Mihály Varga held cordial discussions in Brussels, focusing on three topics: the soon-to-be-published EU country report, the MoU concluded with EBRD and Erste Bank as well as the Green Paper on building a capital markets union.
IMF World Economic Outlook published
Ministry of Finance, April 15, 2015 10:41 AM
For Hungary, the most significant prediction among the report’s general conclusions is that for 2015 the IMF is expecting – thanks partly to declining oil prices and the appreciation of the US dollar – a general improvement of the global economy. The institution is also forecasting better performance in developed countries that are Hungary’s main trade partners, such as members of the Euro-zone.
German-Hungarian Chamber of Industry and Commerce survey shows positive perception of Hungarian economic outlook
Ministry of Finance, April 15, 2015 10:00 AM
Foreign investors in Hungary see present and future conditions of the Hungarian economy in a basically positive light, but the number of enterprises which would pick Hungary again as their investment destination is low from a regional perspective – according to the regular annual economic survey of the German-Hungarian Chamber of Industry and Commerce (DHUIK) presented at a press conference in Budapest.
Steady industrial output growth trend in place for one-and-a-half years
Ministry of Finance, April 14, 2015 12:57 PM
In February 2015, industrial output grew by some 6 percent year-on-year. The sector has been expanding for the eighteenth consecutive month and the fact that order volume jumped by 20 percent over the past one year signals further growth.
Foreign markets acknowledge Hungarian economic performance
Ministry of Finance, April 13, 2015 11:20 AM
Financial markets increasingly acclaim the achievements of the Hungarian economy and Hungarian economic policy, Minister of State for Taxation and Financial Affairs Gábor Orbán told Hungarian public TV channel M1.
Apollo Tyres to receive training subsidy of more than HUF 600 million
Ministry of Finance, April 10, 2015 3:46 PM
Following a decision by the Minister for National Economy, Apollo Tyres Ltd. will receive a job-creation training subsidy of HUF 606 million.
Seventh consecutive month of declining prices
Ministry of Finance, April 8, 2015 5:39 PM
Consumer prices fell by 0.6 per cent in March 2015 compared to the same period of the previous year.
Hungarian retail investors are reliable reinvestors
Ministry of Finance, April 8, 2015 5:37 PM
Retail government securities market statistics of March underpin the fact that private investors put their savings in government securities in the long run as well, as evidenced by a particularly high amount of money reinvested in securities issued by the government.
Budgetary situation remains stable
Ministry of Finance, April 8, 2015 5:19 PM
Deficit figures for the first quarter of 2015 are better than those for the same period last year. In March 2015, the deficit of the budget’s central subsystem was HUF 226 bn. Including this, the quarter closed with a deficit of HUF 536.7 bn., within which the central budget closed with a deficit of HUF 558.3 bn., while social security funds and earmarked state funds closed with surpluses of HUF 10.7 bn. and HUF 10.9 bn. respectively. Last year, the deficit for the first three months amounted to HUF 701.2 bn.