Ministry of Finance
News
New government incentive for purchasing environmentally friendly vehicles
Ministry of Finance, September 21, 2016 11:46 AM
It is in Hungary’s economic interest to successfully participate in the imminent change the car industry is facing, Minister for National Economy Mihály Varga said at the E-mobility Forum 2016, an event organized to mark the European Mobility Week.
2 October referendum will be decisive for all Hungarians
Ministry of Finance, September 20, 2016 3:01 PM
On 2 October, people will cast their votes on the future they wish for their children and grandchildren, and thus this referendum is decisive for all Hungarians, Minister for National Economy Mihály Varga said at a civic forum in Budapest.
Wages in real terms up for the 43rd consecutive month
Ministry of Finance, September 20, 2016 11:20 AM
In the initial seven months of 2016, wages in real terms were significantly higher year-on-year, having gained 7.4 percent. Thus, the upward wage growth trend has been unbroken for more than three years and a half in Hungary. Within the private sector -- at enterprises with at least five employees -- the number of people in employment rose by 65 thousand since July 2015.
Government utilizes development funds in an efficient and rewarding manner
Ministry of Finance, September 19, 2016 2:12 PM
The efficient and transparent absorption of EU development funds has been and continues to be instrumental in maintaining the growth momentum of the Hungarian economy seen in recent years, Minister for National Economy Mihály Varga said, at the 25th conference of the audit authorities of EU member states, the European Commission and the European Court of Auditors in Budapest.
Maintaining economic growth is number one economic policy challenge
Ministry of Finance, September 19, 2016 11:36 AM
The S&P upgrade can convince the last sceptics that Hungary has achieved a positive economic trend reversal, Minister for National Economy Mihály Varga said at the 54th Conference of Hungarian Economists in Kecskemét.
S&P upgrade confirms market valuations
Ministry of Finance, September 19, 2016 10:34 AM
Following the upgrade by Fitch Ratings in May 2016, S&P’s decision to restore Hungary’s status in investment grade category has been the direct consequence of the country’s economic performance, Minister for National Economy Mihály Varga said, commenting on the ratings agency’s announcement. It is another sign, he added, that the transformation of the Hungarian economy has been successful.
There cannot be mandatory schemes for resolving a crisis
Ministry of Finance, September 15, 2016 4:08 PM
National economies continue to face considerable challenges, presenters stressed at the conference organized by the Ministry for National Economy in Budapest. Muted competitiveness growth within the global economy was singled out as one of the factors that can aggravate a crisis situation. In Europe, Brexit may further depress competiveness growth.
We must maintain growth momentum
Ministry of Finance, September 14, 2016 3:21 PM
Central and Eastern Europe may be EU’s growth engine in the next 10-15 years, but to reach this goal we require a competent situation analysis, adequate responses and immense preparations, Minister for National Economy Mihály Varga said at an international conference entitled “From crisis management to launching economic growth”, organized by the Ministry for National Economy.
Next round of tax cuts may reduce social contributions
Ministry of Finance, September 14, 2016 11:14 AM
The Government and economic partners share the opinion that the next phase of reducing public burdens should include the lowering of social contributions.
Europe must defend itself
Ministry of Finance, September 12, 2016 4:19 PM
“Europe must defend itself”, was the title of the interview Minister for National Economy Mihály Varga gave to German business daily Handelsblatt, published today.