Ministry of Finance
News
Mihály Varga received IMF head of mission for Hungary Khaled Sakr
Ministry of Finance, March 7, 2017 11:48 AM
The IMD delegation, headed by mission chief Khaled Sakr, conducts the regular annual Article IV economic policy consultations on 23 February-8 March 2017 in Budapest.
Economy about to enter a period of growth unseen in the past 14 years
Ministry of Finance, February 28, 2017 3:55 PM
Hungary’s economy is expected this year and next to grow at a pace unseen in the past 13-14 years, by above 4 percent annually.
Hungary’s debt rating affirmed by Standard and Poor’s
Ministry of Finance, February 27, 2017 1:37 PM
Hungary’s rating of general government debt, „BBB-” with stable outlook, was affirmed by the international credit rating agency.
Homage to the victims of Communism bolsters our national identity
Ministry of Finance, February 27, 2017 11:29 AM
When we pay tribute to the victims of the Communist dictatorship and face up to the troublesome legacy which has been left to us in its wake, we are rebuilding our national self-consciousness, Minister for National Economy and MP of a constituency from the second and third districts of Budapest Mihály Varga said at a wreath-laying ceremony organized by Hungary’s Christian Democratic People’s Party in Budapest, at the prison in Gyorskocsi Street.
The United States of America is a major ally of Hungary
Ministry of Finance, February 27, 2017 9:54 AM
The Government of Hungary is preparing for a more balanced and efficient political cooperation with the United States, based on mutual trust and respect, Minister for National Economy Mihály Varga said at a recent business forum organized by the American Chamber of Commerce in Hungary (AmCham).
Number of building permits two-and-a-half times higher over past one year
Ministry of Finance, February 24, 2017 10:19 AM
The positive trend reversal observed in the housing market also signals that Hungary is strengthening. In 2016, the number of building permits issued rose two-and-a-half fold year-on-year, and 10 000 new residential units were completed, up by 31 percent compared to the same period of the previous year.
Retail sales data show 42-month growth trend
Ministry of Finance, February 23, 2017 3:01 PM
In December 2016, the volume of retail sales was up by 2.8 percent year-on-year, while in the entire year of 2016 the sector posted sales growth of 4.5 percent. Thus, the upward retail sales trend has been in place for the 42nd consecutive month. Thanks to improving employment indicators and low inflation, in 2016 the rate of consumption growth was the highest since 2003.
European Commission acknowledges Hungarian economic achievements
Ministry of Finance, February 22, 2017 3:28 PM
In the Country Report Hungary 2017 published earlier today, the European Commission (EC) applauds tax reductions, economic growth, job creation efforts and recent Government measures. The report also confirms that Hungary has been growing stronger, and economic performance has been gaining recognition.
The Japan Credit Rating Agency (JCRA) raised Hungary’s credit rating
Ministry of Finance, February 21, 2017 12:56 PM
The agency revised the country’s rating of foreign currency denominated debt upward from “BBB” to “BBB+” and that of forint denominated debt from “BBB+” to “A”, by one notch each, with stable outlook. The JCRA’s decision also confirms that Hungary has been growing stronger, and the economy’s performance is being recognized abroad.
Supplier development programme to promote domestic enterprises
Ministry of Finance, February 21, 2017 12:55 PM
The Government is aiming to involve the highest possible number of Hungarian SMEs in the development and production of goods with high added value and help them join the supplier networks of large international companies, Minister for National Economy Mihály Varga said at press conference organized to present the Government’s relevant scheme.