Ministry of Finance
News
Multilateral tax treaty signed in Paris
Ministry of Finance, June 8, 2017 1:41 PM
The OECD’s Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting was signed, on behalf of the State of Hungary, by Deputy State Secretary László Balogh yesterday in Paris, alongside more than 70 ministers and other high-level representatives.
Hungary’s economic growth rate the highest within the Visegrad Four
Ministry of Finance, June 8, 2017 1:40 PM
The remarkably good performance of the Hungarian economy in the first quarter of 2017 confirms the Government’s prior expectations. Thanks partly to the Government-initiated six-year wage agreement and tax reductions, the economy has been placed on a fast-growth track, a fact also acknowledged by international institutions, Deputy State Secretary for Financial Policy László Balogh said.
Hungary’s GDP growth rate higher than prior estimate in Q1 2017
Ministry of Finance, June 8, 2017 11:52 AM
In Q1 2017, the Hungarian economy grew by 4.2 percent, the second highest growth rate in the past ten years and better than prior estimates.
Retail sales on the rise for the 46th consecutive month
Ministry of Finance, June 6, 2017 2:42 PM
Hungary’s volume of retail sales has been rising for 46 months in a row, Deputy State Secretary for Priority Enterprise Relations Zoltán Marczinkó said, commenting on the latest retail data for the month of April released by the Hungarian Central Statistical Office (KSH).
The Government stands by Hungarian hauliers
Ministry of Finance, June 2, 2017 1:48 PM
The Government is determined to defend Hungarian economic operators against the discriminatory measures introduced by Western European countries which adversely affect Hungary’s market, Minister for National Economy Mihály Varga said at a press conference.
Economy must be accelerated to digital speed
Ministry of Finance, June 1, 2017 4:09 PM
We can only be successful globally if our industrial policy, regulatory system and economic programmes are all focused on creating a competitive industrial sector, Minister for National Economy Mihály Varga said at the signing ceremony for the conclusion of the agreement on the „Smart City” and automotive test track projects of Zalaegerszeg.
Government measures for better small investor protection
Ministry of Finance, June 1, 2017 9:48 AM
The National Assembly adopted a law that tightens investor protection regulations. Under the new law, financial services providers are obliged to inform customers who are about to make an investment in more detail about potential risks.
Hungary recorded unprecedented investment growth in Q1 2017
Ministry of Finance, May 30, 2017 11:21 AM
In the first quarter of 2017, the volume of investment totalled HUF 1033bn, which shows year-on-year investment growth of more than 34 percent. This has been the highest growth rate ever registered, Minister for National Economy Mihály Varga said, commenting on the latest data released by the Hungarian Central Statistical Office (KSH).
Number of jobs on the primary labour market up by more than 100 thousand year-on-year
Ministry of Finance, May 26, 2017 10:45 AM
In February-April 2017, the number of people employed in the private sector increased by 105 thousand year-on-year, the latest data show. Compared to the corresponding period of 2010, the number of jobs rose by 685 thousand, the bulk of which was registered in the private sector (475 thousand). The unemployment rate continues to stay at a low level of 4.6 percent, as a result of a 58-month downward trend.
Over the past seven years the Government has left HUF 1550bn more at families in the form of tax incentives
Ministry of Finance, May 25, 2017 1:06 PM
Hungarian families received HUF 1550bn more in the years 2011-2017 from tax allowances, Minister for National Economy Mihály Varga told political daily Magyar Idők.