Ministry of Finance
News
Hungary’s VAT gap down by more than 4 percent in one year
Ministry of Finance, September 12, 2016 2:41 PM
As the latest tax gap report by the European Commission points out, Hungary’s measures against tax fraud and avoidance have been successful: the VAT gap fell by more than 4 percentage points in one year.
Mercedes-Benz with long-term plans in Hungary
Ministry of Finance, September 9, 2016 11:36 AM
Mercedes-Benz is to implement projects totalling HUF 600bn (EUR 1.9bn) in the near future in Hungary, Minister for National Economy Mihály Varga said, following a meeting with Daimler Bus CEO Hartmut Schick and Mercedes-Benz Hungary CEO Jörg Schmidt. In addition, the Minister pointed out, the company is assuming a leading role in bolstering the domestic bus manufacturing sector and the promotion of electric cars in Hungary.
Mihály Varga and Veysi Kaynak discussed the development of economic relations
Ministry of Finance, September 7, 2016 2:36 PM
The economy of Turkey has in recent years developed steadily, and it is one of the reasons for Hungary to foster balanced economic relations with the country, Minister for National Economy Mihály Varga said, following negotiations with Deputy Prime Minister Veysi Kaynak.
Economic equilibrium is assisting Hungarian enterprises
Ministry of Finance, September 7, 2016 1:35 PM
Since the positive economic U-turn of 2013, annual GDP growth has averaged some 3 percent, and we are expecting a good figure for this year, too – Minister for National Economy Mihály Varga said at the presentation of the Awards for Successful Enterprises.
State budget characterized by predictability and stability
Ministry of Finance, September 7, 2016 11:00 AM
Fiscal data of recent months have repeatedly confirmed the adequacy of the Government’s responsible budget policy. Thanks to that, by the end of August 2016 the deficit of the central sub sector of the state budget fell to HUF 274.0bn, the lowest level in fifteen years. This favourable trend shows that Hungarian reforms are working.
The Government is continuing its enterprise-friendly politics
Ministry of Finance, September 6, 2016 1:14 PM
“The basis for the country’s economic success is that many successful enterprises that are capable of being the engines of development should operate in Hungary”, Mihály Varga said at the 6th Jász Expo and Festival in Jászberény.
Government to provide 3 million euros in support to Christian communities that have suffered attacks
Ministry of Finance, September 6, 2016 1:12 PM
“The Government has decided to establish a 3 million euro fund to assist Christian communities around the world that have suffered attacks”, Minister of National Economy Mihály Varga told Hungarian news agency MTI.
The growth of the Hungarian economy is outstanding
Ministry of Finance, September 6, 2016 1:10 PM
GDP in Hungary increased by 2.6 percent during the second quarter of 2016, an outstanding figure in EU comparison and the second highest level of Q2 growth within the European Union. Despite the fact that the level of EU funding received by Hungary was again lower than expected in the second quarter of the year, the growth trajectory of the Hungarian economy continues to show promising signs. Hungary’s GDP is currently 10 percent higher than its 2010 level.
Fall in investment is only temporary
Ministry of Finance, August 31, 2016 6:28 PM
In the first half of 2016, investment projects worth HUF 1,800 billion were implemented in Hungary, but the second quarter’s investment activity was 20.3 per cent lower than a year earlier and 0.8 per cent lower than in the first quarter. The Government expects investment activity to improve significantly in the period ahead; large companies alone have announced planned developments worth HUF 1,000 billion.
Number of people in employment increased by almost 150,000 in one year
Ministry of Finance, August 31, 2016 8:19 AM
The number of people in employment has increased by more than 660,000 in the past six years, and unemployment has fallen to 5 per cent. But there are further reserves: some 250,000 people are looking for jobs, Péter Cseresnyés, State Secretary for labour market and training said on the public television channel M1 in response to the latest statistical data.