Ministry of Finance
News
Hungary would benefit from EU investment fund initiated by Poland
Ministry of Finance, September 15, 2014 11:58 AM
In the opinion of Minister for National Economy Mihály Varga, the implementation of a proposal by Poland, which recommends the establishment of a joint EU investment fund and the drawing in of private sector resources in order to boost economic growth, would be favourable also for Hungary.
Volume of Hungarian industrial output hits three-year high
Ministry of Finance, September 12, 2014 10:42 AM
Following the more than 11 percent increase in the month of June, in July 20104 the industrial sector expanded by 12.3 percent year-on-year. Minister of State for Economic Regulation Béla Glattfelder, commenting on the latest data published by the Hungarian Central Statistical Office (KSH), said that this growth figure is the best in three years. Rebounding industrial output has been increasingly contributing to economic growth and this development is in line with the Government’s aim to elevate the industrial output-to-GDP ratio to the highest level within Europe, he added.
Foundation stone laying ceremony celebrated at citric acid plant in Szolnok
Ministry of Finance, September 10, 2014 10:50 AM
A time capsule has been placed in the ground as foundation stone for the citric acid plant about to be constructed under a joint, HUF 34bn Hungarian-Chinese investment project in Szolnok.
EUR 2.1bn allocated for research and development
Ministry of Finance, September 9, 2014 4:10 PM
In the coming EU fiscal period, Hungary will spend EUR 2.1bn on R&D, double the amount received from cohesion funds in the previous period, Minister for National Economy Mihály Varga said at the opening ceremony of National Instruments’ (NI) Science Park in Debrecen.
Tourism shows record results in the initial seven months of the year
Ministry of Finance, September 9, 2014 11:57 AM
Hungarian accommodation establishments received 5.25 million guests in the initial seven months of 2014, who spent 13.4 million tourism nights in the country and the gross accommodation charges they paid totalled HUF 101bn. The number of domestic guests and gross accommodation charge revenues continued to record growth exceeding 10 percent, while the total number of guests and the number of tourism nights gained 7.3 percent and 5.6 percent, respectively.
The Government supports electric vehicles
Ministry of Finance, September 9, 2014 11:09 AM
Under the Ányos Jedlik Programme, the Government promotes electrically-powered vehicles and the export of related Hungarian products, Minister of State for Economic Regulation Béla Glattfelder said at a press conference in Budapest.
The August 2014 cash-flow balance of the state budget highly favourable compared to results in past years
Ministry of Finance, September 8, 2014 3:42 PM
The central sub sector of the state budget in the month of August 2014 posted a deficit of HUF 7.4bn, the lowest figure in ten years.
Test run started at the new tobacco factory of British American Tobacco
Ministry of Finance, September 8, 2014 1:38 PM
The investment project of British American Tobacco (BAT) proves that Government measures aiming to protect non-smokers and hinder the access of youth to tobacco products did not weaken market competition. The group’s project is a sign of trust in the Hungarian labour force and the Government, Minister for National Economy Mihály Varga said at the opening ceremony of the new production site of Pécsi Dohánygyár Kft.
The production facility of ZF Lenksysteme inaugurated in Maklár
Ministry of Finance, September 8, 2014 10:25 AM
According to the latest data from the month of July, Hungarian industrial output increased by 12.3 percent year-on-year and thus Hungary’s economy is one of the fastest growing in Europe, Minister of State for Economic Regulation Béla Glattfelder said at the inauguration ceremony of the new site of ZF Lenksysteme manufacturing electronic steering gears in Maklár. The facility was completed as the result of a EUR 150 million investment project, where state-of-the-art, material- and energy efficient electronic steering gears will be produced.
Hungarian economy shall be kept on a sustainable growth path
Ministry of Finance, September 5, 2014 11:49 AM
The conversion of forex loans into forint denominated ones shall start in spring next year, after the parliament has adopted related regulations, Minister for National Economy Mihály Varga said at the 52nd Congress of the Hungarian Economic Association in Nyíregyháza.