Ministry of Finance
News
Consumer prices down again in February 2015
Ministry of Finance, March 10, 2015 10:41 AM
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.
Hungary aspires to become a leader in electromobility
Ministry of Finance, March 9, 2015 2:52 PM
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.
Compensation under way for local governments suffering losses in Buda-Cash affair
Ministry of Finance, March 9, 2015 12:28 PM
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.
Hungarian economic expansion continues
Ministry of Finance, March 6, 2015 1:27 PM
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.
One of the lowest February fiscal deficit figures of the decade registered in Hungary
Ministry of Finance, March 5, 2015 4:00 PM
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.
Foreign trade growth exceeded 10 percent in December 2014
Ministry of Finance, March 5, 2015 10:06 AM
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.
Expansion of the retail sector on pre-crisis level
Ministry of Finance, March 4, 2015 3:49 PM
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.
Economic growth to remain sustainable and stable
Ministry of Finance, March 4, 2015 3:17 PM
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.
Opel Szentgotthárd Ltd to receive more than HUF 154 million as vocational training subsidy
Ministry of Finance, March 2, 2015 1:54 PM
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 achieved economic growth without incurring more debt
Ministry of Finance, March 2, 2015 10:59 AM
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.