Ministry of Finance
News
The Ministry for National Economy is drawing up a uniform programme for the digitalisation of the Hungarian workforce
Ministry of Finance, April 10, 2017 5:23 PM
“The Ministry for National Economy is drawing up a uniform action programme for the digitalisation of the Hungarian workforce, including several measures such as the learning of basic competencies, expanding user knowledge and reforming IT training”, the Minister of State for Labour Market and Vocational Education announced at a professional conference.
Finance Ministers discuss future of EU economic policy
Ministry of Finance, April 9, 2017 6:55 PM
“European growth is driven by Central and Eastern Europe; a multi-geared Europe could not grow if it lost is engine. The continent can only remain competitive on the world market if it is unified”, Minister for National Economy Mihály Varga said on Friday at an informal meeting of the European Union’s Economic and Financial Affairs Council (ECOFIN). EU Finance Ministers discussed the future of EU economic policy and possible methods for handling the aftermath of non-performing bank loans.
National Competitiveness Council debates job market issues
Ministry of Finance, April 6, 2017 2:12 PM
“Thanks to the strengthening of the economy and increasing workforce demand on the part of the private sector, the most important challenge to competiveness today has become assuring a suitably trained workforce”, Minister of National Economy Mihály Varga said following the second session of the National Competitiveness Council. New measures to promote the employment of women, young people and pensioners could lead to hundreds of thousands of people returning to the job market, the Minister told reporters.
First quarter balance includes no surprises
Ministry of Finance, April 6, 2017 11:53 AM
At the end of March the cumulative deficit of the central subsystem of public finances was 198.1 billion forints, which is in line with the expectations of the Ministry for National Economy. The processes of the first quarter indicate that public finances continue to be stable, which should also remain the case with regard to the whole financial year.
New bill to close legal loopholes enabling aggressive tax planning and avoidance by multinational enterprises
Ministry of Finance, April 4, 2017 3:45 PM
Hungary’s National Assembly debates today a bill designed to close legal loopholes facilitating the avoidance of paying taxes by multinational enterprises. It is estimated that these schemes reduce fiscal revenues by EUR 50-70 each year at EU member states. Through the adoption of the bill, the National Assembly can prevent massive revenue shortfalls concerning the state budget of not only Hungary but almost 60 countries.
Budapest-Astana flight to be launched
Ministry of Finance, April 3, 2017 11:45 AM
The Hungarian Government regards Kazakhstan as a strategic partner, therefore it is of vital importance that a direct flight be launched to connect the two countries, Minister for National Economy Mihály Varga told at a press conference where WizzAir’s new Budapest-Astana direct flight was announced.
Lower fiscal deficit and general government debt show a stronger Hungary
Ministry of Finance, March 31, 2017 1:42 PM
Thanks to a predictable and responsible fiscal policy, the general government budget deficit was – in line with prior estimates -- 1.7 percent of GDP in the year 2016, while the government debt-to-GDP ratio fell to 74.1 percent. These data are in accordance with Government efforts and confirm the adequacy of measures implemented.
Mercedes vocational training workshop receives Government grant of EUR 1.9 million
Ministry of Finance, March 30, 2017 3:38 PM
Thanks to the decision of Minister for National Economy Mihály Varga, Mercedes Benz Manufacturing Hungary Ltd is set to receive HUF 600 million (EUR 1.9 million) from the state budget to be spent on a new vocational training workshop.
Positive economic outlook also among drivers of housing boom in Hungary
Ministry of Finance, March 30, 2017 2:38 PM
2016 was the year of a positive U-turn on Hungary’s housing market, Minister for National Economy Mihály Varga said at the property market conference organized by business and news weekly Figyelő. Thanks to the Government policy focusing on the wellbeing of families and the Hungarian economy, this year’s prospects are also positive, he added.
Dynamic employment growth in the private sector
Ministry of Finance, March 29, 2017 11:31 AM
Favourable labour market trends have continued: in the period December 2016-February 2017, the number of people aged 15-74 years in employment rose by 130 thousand, to 4 million 372 thousand. The bulk of growth was registered in the private sector, where the corresponding growth figure was 144 thousand. The number of public work employees, on the other hand, was down by 14 thousand year-on-year, and that of people working abroad has also fallen, which fact signals a stronger primary labour market.