Ministry of Finance
News
Business relations with Iran growing steadily
Ministry of Finance, December 4, 2017 11:10 AM
Iran, as a market of almost 80 million people, can provide great opportunities for Hungarian companies, while Hungary may become a gateway Iran to Europe for, Minister for National Economy Mihály Varga said after he had met with Minister of Economic Affairs and Finance Masoud Karbassian in Tehran.
Strengthening economic relations with China is a strategic goal for Hungary
Ministry of Finance, December 1, 2017 11:11 AM
Cooperation between China and the Central and Eastern European countries, and the expansion of economic relations are set to produce indisputable advantages of all participants, Minister for National Economy Mihály Varga pointed out at the roundtable discussion organized by the SINO-CEEF Fund in Budapest.
Financial and economic cooperation between China and Hungary has entered a new phase
Ministry of Finance, November 29, 2017 3:48 PM
The agreement concluded by the Asian Financial Cooperation Association (AFCA) and the Hungarian Banking Association heralds a new era in the financial cooperation between the two countries, Minister for National Economy Mihály Varga said at the high-profile forum organized for sector representatives in Budapest.
Hungary’s unemployment rate hit a record low of 4 percent in October 2017
Ministry of Finance, November 29, 2017 2:26 PM
The unemployment rate has hit 4 percent, the lowest figure ever since the regime change in 1989 – according to data published by the Hungarian Central Statistical Office (KSH) for the period August-October 2017. The number of people in employment has also risen by 84 thousand on the primary labour market, and thus the total number of people with a job in Hungary was 4 million 445 thousand. Government measures have also contributed to steadily improving labour market indicators: since the change of government in 2010 the number of people in employment has increased by 736 thousand, and within that the number of private sector jobs has been up by 560 thousand.
OECD also came to recognize achievements resulting from wage increases and tax reductions
Ministry of Finance, November 28, 2017 2:00 PM
In comparison to the previous estimate of Hungary’s economic growth, analysts in the latest OECD Economic Outlook revised their prognosis upward, from 3.8 percent to 3.9 percent for the year 2017, and from 3.4 percent to 3.6 percent for the year 2018.
Volume of investment hit record high in Hungary
Ministry of Finance, November 28, 2017 11:46 AM
The value of investment in the first three quarters of the year totalled HUF 4 144bn in Hungary, which figure shows an increase of 22.6 percent year-on-year, Minister for National Economy Mihály Varga said, commenting on the latest investment data published by the Hungarian Central Statistical Office (KSH).
The success of our enterprises is built on mutual trust
Ministry of Finance, November 23, 2017 4:13 PM
“The goal we must be aiming for is to make Hungary capable of keeping up with highly industrialized countries, no matter if in terms of technologies used in industrial production, a supportive business environment or adequately trained work force,” Minister for National Economy Mihály Varga said at a gala event in Budapest celebrating the 130th anniversary of the presence of Siemens in Hungary. “The achievements of the Hungarian economy in recent years enable us to set ambitious goals”, he noted.
Retail sales growth trend unbroken for the 51st consecutive month in Hungary
Ministry of Finance, November 23, 2017 2:40 PM
In September 2017, unadjusted data show that the volume of retail sales grew by 5.6 percent year-on-year, while data adjusted for calendar effects indicate growth of 6.2 percent. The sector’s 51-month upward growth trend has been underpinned, among other factors, by VAT reductions, job growth and the marked increase in real wages caused by the Government’s six-year wage deal.
Construction sector summit aiming for sustainable growth to be held by Government and sector representatives on Friday
Ministry of Finance, November 21, 2017 4:05 PM
Output in the construction sector has recently soared, and the Government wants to maintain a steady and balance growth rate, Minister for National Economy Mihály Varga said at a press conference where a construction sector summit, to be held this Friday, was announced. This meeting will make cooperation between the Government and domestic construction enterprises in the handling of the challenges faced by the sector even more efficient, he added.
Deal for development loan concluded with the European Investment Bank
Ministry of Finance, November 21, 2017 11:26 AM
The European Investment Bank (EIB) is contributing EUR 200 million to the implementation of EU-funded economic development programmes, Minister for National Economy Mihály Varga said after signing the agreement with EIB Vice President Vazil Hudak.