In February 2015, consumer prices fell by 1 percent compared to the same period of the previous year. Low inflation has a number of positive effects: wages and pension benefits increase in real terms and thus households’ disposable income rises, and these factors fuel consumption and boost the economy.
Our objective is to turn Hungary into a leader within Central Europe in the field of E-mobility and the use of electric buses, Minister for National Economy Mihály Varga said in the Castle District, where evopro’s electric bus, which has been developed and produced in Hungary, made its debut.
The compensation process for local governments which have incurred losses in the Buda-Cash affair has begun and compensation payments are due at the beginning of next week, Minister for National Economy Mihály Varga told HírTV.
The Hungarian economy grew even faster in 2014 than prior data had indicated, as it gained 3.6 percent in the observed period. Thus, Hungarian GDP reached the pre-crisis level.
Over the past ten years, the state budget deficit in the month of February was lower than the current one only on two occasions. In the second month of the year, the deficit of the central sub sector of the state budget was HUF 256.9bn, well below the amount of HUF 407.9bn recorded in February last year.
In December 2014, the volume of exports and imports both increased by 11 percent in comparison to the corresponding period of the previous year. On an annual basis, the aforementioned indicators improved by 7.1 percent and 8.8 percent, respectively.
The volume of retail sales has increased by more than 8 per cent in the first month of this year compared to the same period of the previous year – Minister for National Economy Mihály Varga announced.
The economic growth of Hungary will remain sustainable and stable in 2015 as well, the 2.5 per cent projected growth rate is still realistic – Minister for National Economy Mihály Varga said on Wednesday in the Miskolc plant of the German Bosch concern.
The Minister for National Economy has allocated more than HUF 154 million for the Hungarian subsidiary of Opel to help fund a vocational training centre. As a result, the company can increase the number of apprentices by fifty and it will also add to the teaching staff.
Hungary is getting on a growth path that allows of expansion without increasing state debt, Minister for National Economy Mihály Varga told public broadcaster M1 last week.