Ministry of Finance
News
Process of bank client compensation to begin next week
Ministry of Finance, February 27, 2015 2:43 PM
As of next week, bank customers will feel some tangible effects as banks are to repay income generated by unfair, unilateral modifications to contracts and by exploiting bid-ask exchange rate gaps, Minister for National Economy Mihály Varga said at a press conference in Budapest.
Positive employment trend continues in Hungary
Ministry of Finance, February 27, 2015 10:39 AM
The number of people in employment continued to stay above the 4 million mark, according to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning.
More than 80 local governments have accounts at banks of troubled Buda-Cash Group
Ministry of Finance, February 27, 2015 9:46 AM
More than eighty local governments are account holders at financial institutions belonging to Buda-Cash Group in Hungary. As Minister for National Economy Mihály Varga announced yesterday, the Government will enable the State Treasury to make transfers to accounts designated by the local government instead of those at Buda-Cash banks in case the only account of the municipality has been blocked.
Investment totalled more than HUF 5200bn in 2014
Ministry of Finance, February 26, 2015 11:54 AM
Last year, the volume of investment saw the largest increase in 17 years, as it soared by 14 percent and exceeded HUF 5200bn.
The volume of retail sales hit a 10-year record high in 2014
Ministry of Finance, February 26, 2015 11:21 AM
Last year, the volume of retail sales was up by 5.2 percent year-on-year, the highest growth figure since 2004.
Remembering the victims of Communism
Ministry of Finance, February 26, 2015 10:40 AM
“We must remember the era which has deprived everybody of something: from some people it only took away a home, the fruits of decades of work, the possibility of meaning work or it took away people’s family or life, Minister for National Economy Mihály Varga said on the Day of the Victims of Communism in Hungary.
Youth Guarantee scheme launched in Hungary
Ministry of Finance, February 25, 2015 4:33 PM
The Government has launched the Youth Guarantee programme, a scheme to improve the job prospects of those under the age of 25 years in six so-called convergence regions of Hungary. Young jobseekers in the Central Hungary region are to join the programme in the coming weeks, Minister of State for Employment Sándor Czomba said at a press conference in Budapest.
Wages in real terms increase by some 8 percent in December 2014
Ministry of Finance, February 20, 2015 10:26 AM
In December 2014, wages in real terms were up by 7.7 percent year-on-year, while in the entire year they were 3.2 percent higher, the flash report of the Hungarian Central Statistical Office (KSH) published earlier today reveals. Thus, the upward wage growth trend has been in place for two years now.
European Commission acknowledges Hungarian economic policy achievements
Ministry of Finance, February 19, 2015 4:06 PM
In the report published earlier today of the post-programme surveillance of the utilization of the IMF-EU loan package launched in 2008, the European Commission (EC) proposed to end the post-surveillance mission.
EU funding of more than HUF 4000bn available for direct economic development
Ministry of Finance, February 18, 2015 4:20 PM
The European Commission has endorsed all three operative programmes supervised by the Ministry for National Economy and thus the door has been opened to implement the largest Hungarian economic stimulus and development programme of all time, Minister of State for the Utilization of EU Funds Balázs Rákossy said.