Ministry of Finance
News
Output of Hungary’s industrial sector up by some 6 percent in November 2014
Ministry of Finance, January 14, 2015 10:23 AM
In November 2014, industrial output was some 6 percent higher year-on-year, and it has increased by more than 3 percent since October 2014. Thus, the sector has been growing for the fifteenth consecutive month. Growth is a based on a sound structure, as output was up not only in every Hungarian region but in each manufacturing sub sector as well.
Labour shortage still persists in the retail sector
Ministry of Finance, January 14, 2015 9:49 AM
The Hungarian retail sector grew significantly in 2014 and the sector’s performance has been steady over the past years, so economic conditions in Hungary do not justify Tesco’s decision to lay off employees.
2014: an excellent year for the Hungarian tourism sector
Ministry of Finance, January 13, 2015 4:00 PM
In light of data from the initial eleven months of 2014, last year was another milestone for the Hungarian tourism sector as statistics show double-digit growth following a similar expansion in 2013, Minister for National Economy Mihály Varga said at a press conference held at the Museum of Fine Arts in Budapest.
Ministry for National Economy realized 2014 disbursement schedule of EU programmes
Ministry of Finance, January 13, 2015 9:20 AM
The Ministry for National Economy (NGM) has done an excellent job as 2014 was a record-breaking year in terms of the disbursement of EU funding, Minister of State for the Utilization of EU Funding Balázs Rákossy told state news agency MTI.
Better-than-expected cash flow deficit at the central sub sector of the state budget in 2014
Ministry of Finance, January 8, 2015 4:00 PM
Preliminary data show that the deficit of the central sub sector of the state budget for 2014 narrowed to HUF 825.7bn, below the HUF 1151.5bn figure stipulated by the law. In 2013, deficit totalled HUF 932.8bn.
Hungary among the most successful countries in combating unemployment
Ministry of Finance, January 7, 2015 3:01 PM
According to seasonally adjusted data compiled by the Eurostat for the month of October, the unemployment rate fell to 7.4 percent in Hungary. Over the past one year, it was Hungary where the largest unemployment rate decrease was registered within the EU28. With regard to this indicator, EU statistics show that Hungary has been the top performer since February 2014. The unemployment rate averaged 11.5 percent in the 18 member states of the Eurozone and 10 percent in the EU28.
The number of people in employment up by some 200 thousand year-on-year
Ministry of Finance, January 6, 2015 10:10 AM
According to the latest report of the Hungarian Central Statistical Office, favourable labour market trends have continued. In September-November 2014, the number of people in employment aged 15-74 years increased by 188 thousand to 4 million 155 thousand over the past one year. As a result of steady growth, the number of those in employment has exceeded 4 million for more than one year due mainly to the expansion of the private sector.
Hungary remains attractive for investment
Ministry of Finance, December 30, 2014 2:19 PM
Foreign investors continue to regard Hungary as an attractive business destination, Deputy State Secretary for External Economic Relations from the Ministry for National Economy told Hungarian news agency MTI.
Improvement in female employment one of the highest within the EU
Ministry of Finance, December 30, 2014 1:13 PM
It is in Hungary again where female employment has increased the most rapidly.
Retail sales on the rise for the sixteenth month in a row
Ministry of Finance, December 19, 2014 11:16 AM
In comparison to the corresponding period of the previous year, the retail sector expanded by 5.2 percent in October, and by 5.1 percent in the first ten months of the year. Thus, Hungary’s retail sales turnover has been rising for the sixteenth consecutive month. This indicates that turnover growth will persist, as refunds by banks and the phasing out of foreign currency loans can further fuel growth.