Ministry of Finance
News
The rate of inflation hit 1 percent in October 2016
Ministry of Finance, November 8, 2016 11:02 AM
Consumer prices rose by 1 percent year-on-year in the month of October 2016, and thus the overall rate of inflation in the initial ten months of the year was 0.2 percent.
Volume of retail sales rising for the 39th consecutive month
Ministry of Finance, November 8, 2016 10:56 AM
An upward retail sales trend has been in place for the 39th month in a row, Deputy State Secretary for Corporate Relations Zoltán Marczinkó said, commenting on the latest report on retail sales data by the Hungarian Central Statistical Office (KSH).
A new chapter to begin in sovereign debt reduction
Ministry of Finance, November 5, 2016 4:22 PM
Following the Friday decision of the credit rating agency Moody’s, Hungary now has an investment grade with all three large credit rating agencies which may open a new chapter in the country’s debt service, and Hungary may finally consider a more ambitious course in the reduction of its sovereign debt, the Minister for National Economy stated.
Moody’s has upgraded Hungary’s sovereign debt
Ministry of Finance, November 5, 2016 11:26 AM
After Fitch and Standard and Poor’s, the credit rating agency Moody’s Investors Service has also awarded Hungarian government securities an investment grade. As a result, after international organisations and market investors, all three major credit rating agencies have likewise followed suit in recognising the achievements of Hungary’s economic policy.
Government to protect „Hungarian Google tax”, the advertisement tax
Ministry of Finance, November 4, 2016 2:54 PM
The Government is committed to retaining the current rules regarding the advertisement tax, and will do everything in order to protect this innovative Hungarian initiative which allows the state budget to collect the taxes that are due from global businesses engaged in advertising activities.
Government to engage more partners in payroll tax-cut talks
Ministry of Finance, November 3, 2016 3:27 PM
As Minister for National Economy Mihály Varga said at a recent press conference, the Ministry is to widen the group of organizations and partners which will be invited to negotiations on the planned payroll tax cuts.
The Family Housing Allowance programme resulted in a breakthrough on the residential property market
Ministry of Finance, November 3, 2016 10:15 AM
Up to the end of September 2016, 21 414 building permits have been issued, which constitutes a two-and-a-half-fold increase compared to the same period of the previous year. The rising number of building permits is being translated into stronger construction data regarding residential properties. In the initial nine months of the year, 5307 residential property units were completed in Hungary, up by 14 percent year-on-year. This growth is the indisputable consequence of the Government’s housing programme.
The increasing of wages, retaining of labour and improving of efficiency are our most important economic policy goals
Ministry of Finance, October 28, 2016 1:59 PM
If we want to further improve economic competitiveness it is essential to increase wages, retain skilled labour and boost efficiency, Minister for National Economy Mihály Varga said at the ceremony for presenting the Awards for Successful Enterprises.
Average number of people in employment rose to 4.4 million in July-September 2016
Ministry of Finance, October 27, 2016 1:37 PM
The latest flash report by the Hungarian Central Statistical Office shows that favourable labour market trends continued in July-September 2016. The number of people in employment aged 15-74 years rose by 126 thousand, to 4 million 391 thousand, a new record high figure. The largest improvement was registered within the private sector, with 128 thousand new jobs. The unemployment rate was 4.9 percent in the observed period, the lowest level since the regime change.
A modern Treasury system must be established
Ministry of Finance, October 27, 2016 8:24 AM
The Government is committed to operating a treasury system that can cope with the challenges of our era and ensuring the efficient safeguarding of the spending of public funds, Deputy State Secretary for Treasury Affairs Ábel Berczik said at a conference jointly organized by the state treasuries of Hungary and France.