Ministry of Finance
News
Several factors behind favourable Hungarian GDP growth figure
Ministry of Finance, February 18, 2015 10:36 AM
Various determinants have contributed to the larger-than-expected GDP growth last year, Minister for National Economy Mihály Varga told Hungarian broadcaster Inforádió.
Central government debt unchanged since 2013
Ministry of Finance, February 17, 2015 1:45 PM
According to data of the National Bank of Hungary, the central government debt-to-GDP ratio was 77.3 percent at the end of 2014, which figure is on a par with that of the end of 2013. Final GDP data at current prices are to be published by the Hungarian Central Statistical Office (KSH) in March 2015. Therefore, final debt statistics will also be made public only later, on 31 March by the National Bank of Hungary.
Purchasing price for GE Capital’s Hungarian subsidiary capped at USD 700 million
Ministry of Finance, February 16, 2015 10:33 AM
The final price to be paid for Budapest Bank, the Hungarian subsidiary of General Electric Capital Group, is “still being debated” but it may maximum be USD 700 million, Minister for National Economy Mihály Varga told HírTV.
Hungary: strong and balanced growth even in Q4 2014
Ministry of Finance, February 13, 2015 2:49 PM
In Q4 2014, the Hungarian economy grew by 3.4 percent year-on-year and by 0.9 percent quarter-on-quarter. This dynamic growth came in well above prior market expectations of 2.8 percent. Full-year growth in 2014 was as much as 3.5 percent and thus economic output has already reached pre-crisis levels.
Hungary’s industrial output some 8 percent higher in 2014
Ministry of Finance, February 13, 2015 8:29 AM
Following a year-on-year increase of 5.8 percent in November 2014, Hungary’s industrial output growth accelerated, as in December 2014 the sector expanded by 7.1 percent in comparison to the same period of the previous year.
Lower inflation and higher demand for Hungarian government securities
Ministry of Finance, February 11, 2015 4:55 PM
Minister of State for Parliamentary Affairs András Tállai and Hungarian State Treasury President József Dancsó held a joint press conference where they evaluated the latest inflation statistics and data of Hungarian government securities.
Inflation down again in the first month of 2015
Ministry of Finance, February 11, 2015 11:56 AM
Consumer prices were lower by 1.4 percent in January 2015, compared to the corresponding period of the previous year, and thus the decrease of prices accelerated.
Hungarian tourism sector recorded better-than-expected growth in 2014
Ministry of Finance, February 10, 2015 2:54 PM
The number of tourism nights registered last year in Hungary soared by 5.4 percent, said Minister of State for Economic Regulation Béla Glattfelder, commenting on the latest data released by the Hungarian Central Statistical Office (KSH). Every Hungarian tourism indicator improved over the past one year, he added.
New tax package in autumn 2015 to contain lower bank tax in Hungary
Ministry of Finance, February 10, 2015 11:43 AM
A lower bank tax rate is set to be adopted as part of a tax package completed in autumn 2015, Minister for National Economy Mihály Varga told public broadcaster Kossuth Radio this morning.
OECD report on Hungarian economic policy reforms
Ministry of Finance, February 9, 2015 12:50 PM
Going for Growth, an annual study of the Organization for Economic Co-operation and Development (OECD), provides an analysis of the reforms put in place by each member country – among them Hungary – from the aspect of economic growth.