Ministry of Finance
News
70.3 percent employment rate in September
Ministry of Finance, October 29, 2019 12:42 PM
“The number of people in employment has increased by over 811 thousand since 2010, of which the increase within the private sector exceeded 700 thousand people; this has contributed significantly to fact that the Hungarian economy is performing outstandingly even at European level”, Minister of Finance Mihály Varga said, commenting on the latest data published by the Central Statistical Office (KSH).
The standard of living of families improved in 2018
Ministry of Finance, October 24, 2019 6:00 PM
“In 2018, the standard of living of Hungarian people and families increased parallel to the strengthening of the Hungarian economy”, the Ministry of Finance’s State Secretary for Budgetary Affairs Péter Benő Banai declared on Thursday in Parliament during the general debate on the discharge bill for 2018.
Hungary has moved forward in another competitiveness ranking
Ministry of Finance, October 24, 2019 11:42 AM
Hungary has moved ahead by one spot in the World Bank’s Doing Business 2020 rankings compared to the figures published last year, meaning it is now in 52nd place. Following the improvement achieved in this year’s World Economic Forum (WEF) rankings, the step forward in another ranking confirms the fact that the Hungarian economy is on the right track, and parallel to maintaining macroeconomic stability the qualitative and quantitative conditions for economic growth are also continuously improving.
1956 heroes of Óbuda commemorated
Ministry of Finance, October 23, 2019 8:00 PM
“23 October also alerts us to the fact that we can only preserve our values and national self-esteem if we do not give up the principle of solidarity”, Minister of Finance Mihály Varga emphasised at a commemoration organised by the Fidesz organisation of Budapest’s 3rd District at the Kiscell Castle.
Continuing debt reduction, low budget deficit
Ministry of Finance, October 21, 2019 1:37 PM
Last year the sovereign debt indicator decreased even further compared with years before, to 70.2 per cent to GDP, while the budget deficit at 2.3 per cent remained below both the relevant EU criterion and the set target, the European Union’s statistical office confirmed. Eurostat’s summary report also reveals that the Hungarian debt rate reduction is one of the most dynamic among Member States.
Solutions to problems causing migration must be found locally
Ministry of Finance, October 20, 2019 2:00 PM
We must pay much more attention to managing locally the causes that give rise to migration, Finance Minister Mihály Varga highlighted. The Finance Minister conducted several important bilateral talks, from Hungary’s point of view, at the annual General Meeting of the International Monetary Fund (IMF) and the World Bank Group.
Relationship between Hungary and IMF could be placed on new footing
Ministry of Finance, October 19, 2019 12:00 PM
A new chapter could open in the relationship between Hungary and the International Monetary Fund (IMF), Finance Minister Mihály Varga stated after his meeting in Washington with Kristalina Georgieva, the new Managing Director of the IMF.
Development of Hungarian pharmaceutical industry could also continue in coming years
Ministry of Finance, October 17, 2019 1:47 PM
The Hungarian pharmaceutical industry continuously expands and modernises its production, and will therefore remain one of the Hungarian economy’s driver sectors also in the future, Finance Minister Mihály Varga stated at a conference organised by the Hungarian Pharmaceutical Manufacturers’ Association.
Finance Minister Mihály Varga had talks about opportunities of Hungarian businesses in Asia
Ministry of Finance, October 14, 2019 4:00 PM
Hungary’s membership of the Asian Infrastructure Investment Bank offers Hungarian businesses major opportunities for entering Asian markets, Finance Minister Mihály Varga stated after he received in his office Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB).
Today Hungary is the EU’s number one tax reducer
Ministry of Finance, October 13, 2019 8:00 PM
Taxes must be reduced, and everyone must be made to pay taxes, András Tállai, Parliamentary State Secretary of the Ministry of Finance said. He also said in an interview published in the Saturday issue of the newspaper Magyar Nemzet that today Hungary is the European Union’s number one tax reducer.