Ministry of Finance
News
Hungarian Bath Culture Day held for the fifth time
Ministry of Finance, October 13, 2014 11:19 AM
At a press conference held on the occasion of Hungarian Bath Culture Day on 11 October, the Ministry of National Economy’s Deputy State Secretary for Tourism, Ádám Ruszinkó, emphasised that some two million people visited Hungary last year for health tourism purposes, staying an average of 7.3 guest nights in the country’s various health spas and wellness hotels, which is significantly more than the 4.2 guest nights spent in Hungary by typical tourists.
Despite bad weather, good tourism data in Hungary
Ministry of Finance, October 8, 2014 2:00 PM
The total number of guests and tourism nights increased by 7.1 percent and 5.2 percent, respectively, according to data released today by the Hungarian Central Statistical Office (KSH), Minister of State for Economic Regulation Béla Glattfelder said the excellent performance of the tourism sector is the result of the Government’s focused, multi-year tourism development policy, better quality services and the SZÉP Card.
General government budget cash-flow balance at the end of September in better shape than in past years
Ministry of Finance, October 8, 2014 9:20 AM
The central sub sector of the state budget posted a surplus of HUF 14.2bn at the end of September 2014, the best figure in years.
Award for Successful Enterprises presented for the month of September
Ministry of Finance, October 6, 2014 3:22 PM
Minister for National Economy Mihály Varga presented the “Investor of the Month” award to Evonik Agroferm Fermentációipari Ltd; while Járműszerelvényt Gyártó Ltd was awarded the “SME of the Month” title, and in the category of “Startup of the Month” the Minister handed the award to Skawa Innovation Ltd at a ceremony held in the building of the Ministry for National Economy in Budapest.
Washington court ruled in favour of the State of Hungary in casino investment case
Ministry of Finance, October 6, 2014 10:32 AM
An international arbitration court, the International Centre for Settlement of Investment Disputes in Washington, has ruled in favour of Hungary in the Sukoró casino investment project case, Minister for National Economy Mihály Varga announced.
CEE seeking closer cooperation on combating tax fraud
Ministry of Finance, October 3, 2014 10:20 AM
Six Central and Eastern European countries are aiming for closer cooperation in combating tax fraud, the participating ministers announced at a press conference following a meeting of the Visegrád Four, Germany and Austria held in Prague where Hungary was represented by Minister for National Economy Mihály Varga.
Double-digit volume growth and a surplus of more than EUR 500 million in Hungary’s foreign trade
Ministry of Finance, October 3, 2014 8:40 AM
The positive trend in place in the past years has continued as foreign trade surplus has gained again. In July 2014, the volume of exports and imports was up year-on-year by 13 percent and 14 percent, respectively, resulting in a surplus some of EUR 0.5bn, EUR 50 million higher than one year ago. Improving data have been the consequence of economic growth and rebounding consumption, Minister of State for Economic Regulation Béla Glattfelder stated, commenting on the latest trade data released by the Hungarian Central Statistical Office (KSH).
Hungary to achieve the below 3 percent deficit target this year
Ministry of Finance, October 2, 2014 2:32 PM
The Government of Hungary has been and will be committed to a strict fiscal policy, a budget deficit below 3 percent of GDP and keeping state debt on a descending path, Minister of State for Parliament András Tállai said in response to the recently published European Commission EDP report. The amount of EUR 3bn among June data that the Commission has received is allocated for debt repayments of this year and that will cut state debt by 3 percent, he added.
Debt ratio continues to fall and fiscal deficit stays at 2.9 percent this year
Ministry of Finance, October 1, 2014 1:13 PM
The Hungarian Central Statistical Office (KSH) has submitted Hungary’s EDP report to the statistical body of the European Commission. The Ministry for National Economy is prognosticating a lower-than-expected general government debt-to-ratio of 76.9 percent, 2.9 percent budget deficit and economic growth of 3.1 percent for 2014. For 2013, GDP increase was revised up from 1.1 percent to 1.5 percent.
Hungarian unemployment rate well below EU average
Ministry of Finance, October 1, 2014 8:58 AM
Eurostat data show that Hungary’s unemployment rate fell to 7.8 percent. Over the past year, Hungary’s drop in unemployment was the largest among the EU28. The unemployment rate averaged 11.5 percent among 18 eurozone member states, while it was 10.2 percent in the entire EU.