Ministry of Finance
News
Wages in real terms up by almost 4 percent in October 2014, year-on-year
Ministry of Finance, December 19, 2014 10:23 AM
Wages in real terms were 3.7 percent higher in October and thus the positive upward trend which has been in place for 22 consecutive months continued, as the latest data released by the Hungarian Central Statistical Office (KSH) show.
Award for Successful Enterprises presented for the month of November 2014
Ministry of Finance, December 17, 2014 2:58 PM
Minister for National Economy Mihály Varga presented the “Investor of the Month” award to Nemak Győr Alumíniumöntöde Ltd; while Hidrofilt Vízkezelést Tervező és Kivitelező Ltd was awarded the “SME of the Month” title, and in the category of “Startup of the Month” the Minister handed the award to Indivizo Ltd at a ceremony held in the building of the Ministry for National Economy in Budapest.
Parliament adopted 2015 Budget in Hungary
Ministry of Finance, December 16, 2014 3:23 PM
MPs have adopted the 2015 Budget that aims to strengthen families, create jobs and stimulate economic growth, Minister for National Economy Mihály Varga said.
Industrial output 8 percent higher in the initial ten months of 2014
Ministry of Finance, December 12, 2014 11:15 AM
In October 2014, Hungary’s industrial output increased by 1.7 percent and thus the sector has been expanding for the fourteenth consecutive month. In the first ten months of the year, the sector registered growth of 7.8 percent, while it has expanded by 15 percent since January 2010. This growth has been based on a sound economic structure, as output was higher not only in every Hungarian region but also in the majority of manufacturing sub sectors.
Consumer prices are lower again in November 2014
Ministry of Finance, December 11, 2014 10:08 AM
In November 2014, consumer prices fell by 0.7 percent in comparison to the corresponding period of the previous year, and thus the inflation rate is near a record-low level.
State budget closed the month of November 2014 with a surplus
Ministry of Finance, December 8, 2014 4:00 PM
The cash-flow surplus of the central sub system of the state budget was HUF 95.9bn, thus the fiscal shortfall narrowed by the end of November to HUF 713.7bn which constitutes 72.5 percent of the full-year target.
Tourism sector performance improved in autumn
Ministry of Finance, December 8, 2014 11:04 AM
Hungary’s tourism traffic continued to grow in the month of October 2014: the number of guests was up by 7.5 percent and that of tourism nights increased to almost 2 million. Steadily rising tourism traffic has also resulted in higher revenues: accommodation fees were up sharply, by 18 percent over the past one year, and totalled HUF 17.5bn. The expansion in October was also bolstered by the autumn school holiday and the subsequent long weekend, but various tourism development projects, improvement in the quality of services and the SZÉP Card have also added to the sector’s growth.
State of Hungary to purchase Budapest Bank from General Electric
Ministry of Finance, December 4, 2014 4:14 PM
Government Spokesman Zoltán Kovács and Minister for National Economy Mihály Varga announced at a joint press conference in Budapest that on 4 December the State of Hungary and General Electric (GE) signed a preliminary contract on the state acquisition of Budapest Bank. The purchasing process is expected to be finalized by the end of the first half of 2015.
Record high foreign trade surplus in Hungary
Ministry of Finance, December 3, 2014 1:04 PM
In September 2014, Hungary’s foreign trade volume continued to increase, as exports and imports were up by 9 percent and 10 percent, respectively. This growth resulted in an unprecedented foreign trade surplus of EUR 939 million, up by EUR 85 million year-on-year. These data were mainly the result of domestic economic expansion, steady output increases within the industrial sector – thanks especially to vehicle manufacturing and related divisions – as well as higher consumption.
Hungary’s GDP up by more than 3 percent in Q3 2014
Ministry of Finance, December 3, 2014 11:26 AM
In the third quarter of this year, Hungary’s GDP grew by 3.2 percent year-on-year – in line with prior estimates. In comparison to the previous quarter, the economy expanded by 0.5 percent. Every sector has contributed to growth and with this result Hungary remains one of the top performers within the EU.