Ministry of Finance
News
Wessling Knowledge Centre inaugurated
Ministry of Finance, October 2, 2017 11:05 AM
With the inauguration of the Wessling Knowledge Centre a hub has been created that will house a leading regional R&D base of an international engineering innovation network of 1000 researchers, Minister of State for Economic Development and Regulation István Lepsényi said at the opening ceremony. Hungary’s economic achievements have been the result of the accomplishment of successful companies, he added.
Hungary advanced nine places on global competitiveness ranking of World Economic Forum
Ministry of Finance, September 27, 2017 2:54 PM
Having climbed nine places on the World Economic Forum (WEF) global competitiveness ranking, Hungary is now the 60th on the list, Minister for National Economy Mihály Varga announced on Wednesday.
Yet another record high in the number of people in employment in Hungary
Ministry of Finance, September 27, 2017 11:30 AM
Since the new government was formed in 2010, 735 thousand more people have had a job in Hungary and the employment rate has reached a record high unseen since the regime change of 1989 – the latest data published by the Hungarian Central Statistical Office (KSH) from the period June-August 2017 show.
Government promotes market entry of innovative Hungarian enterprises
Ministry of Finance, September 27, 2017 10:59 AM
It has been a priority for the Government of Hungary to assist the entry of innovative Hungarian startups into the international market, Minister for National Economy Mihály Varga said at an event organized by Startup Campus Singapore. In his keynote speech delivered at the event, which he opened jointly with Singapore FinTech Association President Hock Lai Chia, the Minister said Hungary was devoting a lot of energy to increase the number of innovative solutions in production and the services sector.
Hungary and Vietnam promote cooperation projects in the field of vocational education and finance
Ministry of Finance, September 26, 2017 10:37 AM
Economic relations between Hungary and Vietnam have developed dynamically in recent years, and this process may gain additional impetus from cooperation between the two countries in the field of finance and vocational education, Minister for National Economy Mihály Varga said, as member of the Hungarian delegation headed by PM Viktor Orbán, after the signing of MoUs with the relevant ministries.
Unvarying market confidence in Hungary
Ministry of Finance, September 25, 2017 3:11 PM
A major country risk benchmark, the 5-year CDS premium fell below the 100 point-mark, to 98 points, signalling that market investors appreciate achievements of the Hungarian economy and are upbeat concerning the country’s outlook.
Last year’s wage deal fulfilled expectations
Ministry of Finance, September 22, 2017 12:47 PM
The Government is likely to initiate a further 0.5 percentage point reduction of payroll taxes as of January next year, and thus corporate taxes will be 2.5 percentage points lower in 2018, Minister for National Economy Mihály Varga said after the first autumn session of the National Competitiveness Council. The panel, comprised by representatives of the private sector and economic and scientific organizations, evaluated the economic impact of the six-year wage deal concluded in last November.
Upward retail sales growth trend persists for more than four years in Hungary
Ministry of Finance, September 22, 2017 10:51 AM
According to both unadjusted and working day-adjusted data, the volume of retail sales grew by 4.2 percent year-on-year in Hungary, thus the sector’s positive sales trend has been in place for 49 consecutive months. Comparison to international data shows that the pace of retail sales growth exceeded the average of the EU.
New Mercedes vocational training centre to open in Kecskemét
Ministry of Finance, September 21, 2017 2:37 PM
It is in Hungary’s best interest to help the career start of young people who are open to learning new skills, dedicated to work and determined to put the newly-acquired knowledge to good use in their home country, Minister for National Economy Mihály Varga said at the foundation stone laying ceremony of the new vocational training centre of Mercedes-Benz Manufacturing Hungary Ltd in Kecskemét.
State grant to support an industrial development project of HUF 0.5bn in Northern Hungary
Ministry of Finance, September 21, 2017 10:05 AM
The Government aims to stimulate market participants to create new jobs where they are needed most, Minister for National Economy Mihály Varga said at the opening of a capacity expansion project by Fémalk Fémöntészeti és Alkatrészgyártó Zrt in Erdőhorváti, Northern Hungary.