Ministry of Finance
News
Vehicle manufacturing sector expanded by 32 percent in 2013
Ministry of Finance, September 30, 2014 10:48 AM
The year of 2013 brought about a positive U-turn also within the vehicle manufacturing sector, as output in this division grew by 32 percent and the number of new jobs was up by 2000, Minister for National Economy Mihály Varga said in Kecskemét, at the Deloitte car industry conference entitled “Innovation.Incubation.Financing.”
Successful issuance of Eximbank bonds
Ministry of Finance, September 29, 2014 3:27 PM
Minister for National Economy Mihály Varga said he considers it a sign of confidence in the country that Eximbank last week issued another batch of five-year bonds for USD 500 million on international markets. Investors lending money for a state bank for five years certainly trust the economy of that country, he added.
Employment at record high, unemployment at record low in Hungary
Ministry of Finance, September 26, 2014 11:17 AM
According to the latest report by the Hungarian Central Statistical Office (KSH), the upward employment trend has been unbroken. In June-August 2014, the number of people in employment was 4 million 158 thousand, up by 177 thousand year-on-year. On the other hand, the number of jobless people dropped by 341 thousand, which constitutes an unemployment rate of 7.6 percent – the best figure since 2008.
Domestic consumption growth continues to exceed EU average
Ministry of Finance, September 24, 2014 11:11 AM
The volume of Hungary’s retail trade has been rising for the thirteenth consecutive month and it was up by 2.5 percent in July 2014, Minister of State for Economic Regulation Béla Glattfelder said, commenting on the latest data released by the Hungarian Central Statistical Office (KSH). The Minister of State stressed the fact that people are spending more is a sign that the financial situation of households have improved and confidence in the performance of the country’s economy has increased.
Combating the black economy and expanding lending are key priorities
Ministry of Finance, September 23, 2014 3:47 PM
Mihály Varga identified as the main economic policy tasks of the coming period issues such as the combating of the black economy, the boosting of employment and lending as well as the addressing of demographic challenges and introducing stimulus measures for would-be parents.
Economic growth requires investment
Ministry of Finance, September 22, 2014 4:26 PM
The economic crisis has proven that those countries can weather the storm in which the economy is based on production and work. The Government of Hungary stated already in 2010 that prosperity cannot be achieved without productive work, Minister for National Economy Mihály Varga said in Zalaegerszeg.
Wages in real terms gained 3 percent in January-July 2014
Ministry of Finance, September 19, 2014 11:29 AM
Within the national economy, wages in real terms increased by 3 percent in the initial seven months of the year, according to the flash report of the Hungarian Central Statistical Office (KSH) released earlier today. In the period January-July 2014, the average gross and net wages of full-time employees were also 3 percent higher year-on-year. Furthermore, in July the number of employees at enterprises with at least five employees was up by 52 thousand over the past year.
Ányos Jedlik Plan is about to be finalized
Ministry of Finance, September 17, 2014 3:17 PM
The Ányos Jedlik Plan, a blueprint for the regulatory and support framework required for the popularization of electromobility in Hungary, is being formulated, Minister of State for Economic Regulation Béla Glattfelder said at the first Hungarian E-Mobility Day in Budapest.
Europe and Asia depend on each other
Ministry of Finance, September 15, 2014 4:03 PM
Although Europe and Asia mutually depend on each other from an economic point of view, in the current situation Europe probably needs Asia more, Minister for National Economy Mihály Varga said. He represented Hungary at the 11th Asia-Europe Meeting (ASEM) in Milan.
Improvement in employment the largest in Hungary within the EU
Ministry of Finance, September 15, 2014 1:01 PM
Hungary’s year-on-year employment data recorded the largest gain, 3.1 percent, among the EU member states in Q2 2014, the Ministry for National Economy announced in a press release, commenting on the latest Eurostat statistics.