Thanks to the work of Hungarian people and enterprises, and a suitable economic policy, the Hungarian economy is performing better than ever before within the fields of economic growth, increasing employment, reducing unemployment and increasing wages alike.
The government has adopted an economy protection action plan consisting of 13 plus 1 points, the principal elements of which relate to the simplification of taxation, the reduction of the rates of certain taxes, and the consolidation of taxes. The government would like to uphold the Hungarian economy’s dynamic growth, Finance Minister Mihály Varga said at the press conference Governmentinfo.
“The economic whitening measures introduced by the Government to date have been successful, and the Ministry of Finance is continuing to whiten the economy; in future, new vending machines, for instance those operating in car parks and car washes, will also be directly linked to system of the Tax and Customs Office (NAV)”, State Secretary for Finances Gábor Gion from the Ministry of Finance said at a professional conference organised by financial news portal Portfolio.hu in Budapest on Tuesday.
“The evaluation by the Organisation for Economic Co-operation and Development (OECD) also confirms that Hungary is one of the European Union’s most dynamically developing member states”, the Finance Ministry’s State Secretary for Financial Policy, Gábor Gion said in assessment of the OECD’s latest report analysing economic prospects.
“The success of the Government’s economic policy is proven by the fact that domestic GDP grew by 5.3 percent during the first quarter of 2019, exceeding analysts’ estimates”, Minister of Finance Mihály Varga declared.
“The state of the budget is stable and balanced thanks to the performance of the Hungarian economy and the increasing revenues being realised despite the tax cuts”, Minister of Finance Mihály Varga declared.
The Hungarian economy will remain on a course of growth above the EU average also in the coming years, and this will be combined with stable state finances and a decreasing sovereign debt, Finance Minister Mihály Varga said at a press conference introducing the Convergence Programme for the period between 2019-2023.
Economic cooperation between Kazakhstan and Hungary grows stronger year after year, and the upcoming phase in this process may be the establishment of Hungarian-Kazakh joint ventures and mutual investment projects, Minister of Finance Mihály Varga said at a Hungarian-Kazakh business forum in Nur-Sultan, Kazakhstan.
Hungary and Central and Eastern Europe are the engine of the continent’s growth, and therefore companies from the Far East, too, are bringing more and more investments to this region, Finance Minister Mihály Varga stated at a press conference held in Pozsony (Bratislava) after a meeting of the Prime Ministers of the Visegrád Group and Japan.
Central and Eastern Europe may continue to be the continent’s growth engine, and this is one of the factors due to which China considers Hungary to be an attractive investment destination, Minister of Finance Mihály Varga said after talks with SINO-CEEF Fund Chaiman Jianqing Jiang.