Ministry of Finance
News
Future of digitalization in the region on the agenda of high-profile conference in Budapest
Ministry of Finance, November 17, 2016 3:44 PM
Production in the future will be based on digitalized production processes, which require special innovative solutions and rapid responses from economic stakeholders, Minister for National Economy Mihály Varga said at a panel discussion held at a regional digital economy summit in Budapest. The region’s competitiveness could be bolstered by tighter cooperation in the field of regulation and infrastructure concerning autonomous cars as well as in the broadening of car developer and supplier networks, the Minister stated.
Hungary’s GDP up by 2 percent in Q3 2016
Ministry of Finance, November 15, 2016 11:09 AM
Preliminary data show that in the third quarter of the year Hungary’s GDP increased by 2 percent compared to the corresponding period of the previous year. The agricultural and services sectors were the main drivers of expansion.
Government proposes a minimum wage hike of 15 percent next year
Ministry of Finance, November 14, 2016 3:39 PM
The guaranteed minimum wage may increase by 25 percent next year. In 2018, the minimum wage and the guaranteed minimum wage may rise by 8 percent and 12 percent, respectively, Minister for National Economy Mihály Varga said on Monday, following a session of the Standing Consultation Forum of the Private Sector and the Government.
Hungarian-Romanian business forum held in Cluj-Napoca
Ministry of Finance, November 14, 2016 2:57 PM
Partnerships may expand concerning a number of fields between Hungary and Romania in coming years, Deputy State Secretary for International Economic Relations Antal Nikoletti said at the Hungarian-Romanian business forum on 11 November 2016, in Cluj-Napoca, Romania.
Manufacturing of Lenovo servers to create 250 new jobs at Sárvár, the company’s production base in Hungary
Ministry of Finance, November 11, 2016 1:56 PM
The achievements, development prospects and the Government’s supportive economic policy were the factors that have created a stable basis upon which domestic and foreign enterprises are building their success, Minister for National Economy Mihály Varga said, at the opening ceremony of a recently completed development project by Lenovo Hungary and Flex Hungary. The project is expected to create 250 new jobs.
Hungarian Government would like the EBRD to boost lending
Ministry of Finance, November 11, 2016 10:01 AM
It is in our economic interest that our productivity and competitiveness improve significantly, Minister for National Economy Mihály Varga said, following talks with EBRD President Sir Suma Chakrabarti.
The two leaders met in Budapest at a jointly organized conference on “Reinvigorating growth, competitiveness and investment.”
The Government and the European Commission share a similar view on the Hungarian economy
Ministry of Finance, November 11, 2016 10:00 AM
Although the Hungarian Government is more optimistic with regard to Hungary’s economic growth, the European Commission and the Government share a similar opinion on the country’s fiscal and financial status, Minister for National Economy Mihály Varga said, following talks with European Commission Vice President for the Euro and Social Dialogue Valdis Dombrovskis.
Retail sales growth expected to remain robust in Hungary
Ministry of Finance, November 9, 2016 3:38 PM
Hungary’s economic achievements have created the preconditions for our plans aimed at boosting growth and increasing competitiveness, Minister for National Economy Mihály Varga said at a conference marking the European Day of Commerce. As the Minister pointed out, our economic performance has also been shaping consumer confidence, as the consumption of families has been improving.
Massive fiscal surplus recorded in the month of October
Ministry of Finance, November 9, 2016 10:58 AM
The latest data show that the central sub sector of the state budget has accumulated a surplus of HUF 57.3bn in October 2016, an unprecedented figure in the past fifteen years. Favourable data are attributable to prudent fiscal management, certain Government measures and the inflow of EU funds due to Hungary.
We must switch to an innovation-driven economy
Ministry of Finance, November 8, 2016 11:36 AM
The imminent onset of another industrial revolution is requiring that the economy be switched into an innovation-led modus, Minister of State for Economic Development and Regulation István Lepsényi said in an interview to political daily Magyar Hírlap.