Ministry of Finance
News
Deposits at Erste Bank are safe and sound
Ministry of Finance, March 26, 2015 11:27 AM
The assets of Erste Bank customers are in perfect safety, the financial position of Erste Group is stable and rumours of difficulties at the bank are absolutely unsubstantiated, Minister of State for Taxation and Public Finances Gábor Orbán told public-service news channel M1.
Volume of retail trade hits pre-crisis level
Ministry of Finance, March 26, 2015 10:11 AM
Retail trade data in Hungary came in even better than expected, as the volume of sales gained 8.7 percent in the first month of the year. As a result of the upward trend, which has been in place for more than one-and-a-half years, turnover has reached the pre-crisis level.
Hungary to remain on current growth trajectory
Ministry of Finance, March 25, 2015 3:42 PM
In the next one-and-a-half to two years, the Hungarian economy is set to remain on the existing growth path, with 2.8-2.9 percent GDP growth projected for this year, Minister for National Economy Mihály Varga said at a conference organized by the Confederation of Hungarian Employers and Industrialists in Budapest.
Exchange booth operators must also install online cash registers
Ministry of Finance, March 25, 2015 1:51 PM
As Deputy State Secretary for Taxation and Accounting Zoltán Pankucsi told public news channel M1, earlier today the Ministry for National Economy met with representatives of the Association of Hungarian Exchange Booth Operators and the two parties agreed that the compulsory introduction of online cash registers will facilitate transparency in the sector and bolster the protection of consumers.
Standard&Poor’s raises Hungary’s credit rating
Ministry of Finance, March 23, 2015 11:32 AM
In the report published together with the new rating, the credit rating agency stresses that "Hungary's external imbalances have unwound substantially since the onset of the global financial crisis”, thanks primarily to the forint conversion of forex mortgages and the Government's policy of borrowing primarily in local currency.
Colleen Bell and Mihály Varga discussed opportunities for the expansion of economic relations
Ministry of Finance, March 23, 2015 10:28 AM
Hungary’s Minister for National Economy Mihály Varga received HE Ambassador of the United States to Hungary Colleen Bell in his office on 20 March 2015. At the meeting, the two parties discussed opportunities for the further expansion of bilateral economic relations.
Mihály Varga: High time for a credit rating upgrade
Ministry of Finance, March 20, 2015 3:18 PM
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in Budapest.
Ministry for National Economy expects higher GDP growth, lower inflation and fiscal deficit for 2015
Ministry of Finance, March 20, 2015 11:45 AM
Conservative projections show that interest expenditures may be HUF 30-40bn lower compared to former estimates, Minister of State for Public Finances Péter Benő Banai said at a meeting with financial experts, adding that yields of government securities are already much lower now.
Wages in real terms on the rise for more than two years
Ministry of Finance, March 20, 2015 10:52 AM
In January 2015, wages in real terms rose markedly, by 5.6 percent within the national economy, according to the flash report of the Hungarian Central Statistical Office (KSH) published this morning.
Tourism sector started the year with strong growth
Ministry of Finance, March 18, 2015 11:13 AM
Dynamic expansion within the tourism sector is continuing in 2015. In January, the number of arrivals and tourism nights were up by 10.5 percent and almost 9 percent, respectively, year-on-year. Revenues at accommodation establishments grew even more dynamically, by some 25 percent.