Government securities are guaranteed by the State of Hungary, therefore they are perfectly secured, Minister for National Economy Mihály Varga said at a press conference held jointly with Government Debt Management Agency CEO György Barcza.
Scandals which have recently engulfed Hungarian brokerage firms highlight the necessity of a more stringent and scrupulous regulatory system for the domestic financial sector and the restoration of shattered confidence, Minister of State for Public Finances Péter Benő Banai told Echo TV.
Serbia is one of the safest investment destinations for Hungarian economic operators outside the European Union, Minister for National Economy Mihály Varga told the Hungarian-language news programme of Pannon RTV in Subotica, following a ceremony to commemorate the Revolution and War of Independence of 1848/1849, a national holiday in Hungary.
Ranked as ninth, Hungary scored excellently on the list of 46 countries recommended for investment by New Jersey-based research firm Bretton Woods, Deputy State Secretary for Taxation and Financial Affairs László Balog told news agency MTI.
Under the Economic Development and Innovation Operative Programme (GINOP), the Ministry for National Economy (NGM) is to announce some 70 invitations to tender for funding of some HUF 830bn this year, Minister of State for the Utilization of EU Funds Balázs Rákossy said.
Minister for National Economy Mihály Varga said at the ceremony, that the government aims to increase the number of apprentices with student contracts from the current 50 thousand to 70 thousand by 2018.
The Ministry for National Economy has published a draft version of the bill that tightens the existing regulation of securities firms.
Following the 7.1 percent expansion recorded in December 2014, the volume of Hungarian industrial output was higher again, as the sector posted 7.7 percent year-on-year growth in January 2015.
Through the recently completed HUF 2.7bn project, Germany-based Rosenberger has expanded production capacity, updated technology and created more than fifty new jobs at its Hungarian facility in Jászárokszállás, Minister of State for the Utilization of EU Funds Balázs Rákossy said at the opening ceremony of the new production site.
Hungary and Luxembourg have re-negotiated the Convention on double taxation concluded around the regime change of 1990. The new agreement has been updated in line with the latest international legal standards and taxation challenges.