Ministry of Finance
News
Hungary is one of four EU member states with a steadily declining debt rate
Ministry of Finance, December 1, 2014 1:27 PM
Along with Latvia, Denmark and Austria, Hungary is one of four EU member states where central government debt has been edging lower since 2011. International investors and credit rating agencies have also acknowledged the achievements of the Hungarian economy.
Hungary records largest drop in unemployment within the EU
Ministry of Finance, November 28, 2014 12:56 PM
According to the latest Eurostat data, unemployment fell to 7.3 percent in Hungary. Over the past one year, Hungary recorded the largest fall in unemployment among the EU member states. With regard to these statistics, Hungary has been on the top of EU ranking since February 2014. Unemployment rate averaged 11.5 percent in the 18 member states of the euro zone and 10 percent in the EU28.
Investment volume totalled some HUF 3400bn in Hungary
Ministry of Finance, November 28, 2014 10:29 AM
Dynamic investment growth has continued in Hungary: the 16.3 percent year-on-year increase in Q3 2014 marked the sixth consecutive quarter of growth. In the initial three quarters of the year, Hungary received investment of HUF 3400bn, up by 20 percent over the past one year. These data confirm that investment has contributed to Hungary’s economic growth in an outstanding manner.
Employment rate at a record high and unemployment rate at almost 7 percent
Ministry of Finance, November 27, 2014 9:44 AM
According to the latest report of the Hungarian Central Statistical Office (KSH), the number of people in employment has continued to grow. In the period August-October 2014, the number of people aged 15-74 years in employment increased by 192 thousand to 4 million 184 thousand year-on-year. The fact that the private sector remained an engine of employment growth demonstrates the success of the Government’s employment schemes.
Moody’s turned also positive on Hungarian economic growth
Ministry of Finance, November 26, 2014 11:38 AM
In its annual country report, Moody’s Investors Service formulates a positive view on Hungary’s medium-term economic growth.
Retail sector expanded for the fifteenth consecutive month
Ministry of Finance, November 26, 2014 11:07 AM
Hungary’s retail sales have continued to rise as in September 2014 and in the initial nine months of the year the sector expanded by 4.5 percent and 5.1 percent, respectively, in comparison to data compiled one year ago. Commenting on the latest statistics of the Hungarian Central Statistical Office (KSH), Minister of State for Parliamentary Affairs Béla Glattfelder said that this has been the fifteenth consecutive month when the volume of retail sales increased and this remarkable achievement has also contributed to sound and sustainable economic growth.
OECD upwardly revised Hungary’s economic outlook
Ministry of Finance, November 25, 2014 2:31 PM
Compared to prior expectations, the study of the Paris-based Organization for Economic Cooperation and Development (OECD) released earlier today is more optimistic about the future of the Hungarian economy.
„Danke Ungarn” campaign launched in Germany
Ministry of Finance, November 21, 2014 2:46 PM
The “Danke Ungarn” campaign was launched in Germany on Friday; through continuing the summer campaign, Hungary is highlighting the common history of the two countries and their excellent economic and political relations.
Number of Chinese tourists increasing dynamically in Hungary
Ministry of Finance, November 20, 2014 11:37 AM
The number of Chinese tourists visiting Hungary has increased at a steady pace year after year, and it showed unprecedented growth this year: in light of data for January-September 2014, the number of Chinese guests was up by more than 20 percent, Deputy State Secretary for Tourism Ádám Ruszinkó told state news agency MTI.
Next year’s budget to assist families and economic growth
Ministry of Finance, November 20, 2014 8:40 AM
The state budget of 2015 will help achieve the Government’s three key objectives, the assistance of families, the creation of jobs and economic growth, Minister for National Economy Mihály Varga said in his opening speech marking the start of the general parliamentary debate of the budget bill.