Ministry of Finance
News
Consumer prices edged lower also in the month of June
Ministry of Finance, July 8, 2016 12:01 PM
In June 2016, consumer prices edged down by 0.2 percent year-on-year. Stable prices help preserve the value of wages and pension benefits, and these boost consumption and economic growth.
Migration is not the answer for labour shortages
Ministry of Finance, July 7, 2016 11:01 AM
Some print media have misinterpreted the announcement of Mihály Varga to the MTI on Wednesday, therefore the Ministry for National Economy must emphasise the following:
Hungarian public finances continue to be stable
Ministry of Finance, July 7, 2016 11:00 AM
Thanks to a predictable and responsible economic policy, the status of Hungarian budget has been characterized by favourable processes: at the end of June 2016, the deficit of the central sub system of the state budget totalled HUF 402.1bn, the lowest H1 figure in the past one-and-a-half decades. This clearly proves that Hungarian reforms have been working also in fiscal policy, and the deficit target is certainly attainable.
Labour shortage must not hamper economic growth
Ministry of Finance, July 6, 2016 3:46 PM
The Government is taking prompt action to prevent increasingly frequent labour shortages from becoming an obstacle to economic growth, Minister for National Economy Mihály Varga told public news agency MTI.
Brexit had no effect on Hungarian government securities
Ministry of Finance, June 29, 2016 11:13 AM
The Brexit did not affect Hungarian government bonds; demand was outstanding at the auction for three-month Discount Treasury Bills, Minister for National Economy Mihály Varga told public news agency MTI.
Number of people in employment increased by more than 600 thousand in six years
Ministry of Finance, June 28, 2016 6:39 PM
The number of people in employment has been above 4 million for more than two years, and there have not been as many people in employment in Hungary for 26 years as there are today, Péter Cseresnyés said.
Audi Hungary planning for the long term
Ministry of Finance, June 28, 2016 9:34 AM
“Audi Hungary remains one of the Government’s most important strategic partners”, Minister for National Economy Mihály Varga confirmed following talks with Audi Hungária’s Chairman of the Board Peter Kössler. An 11.6 billion forint (EUR 36.5M) new logistics centre was established at the plant last year and the company’s management is planning to launch the production of a new model in 2019.
Domestic retail sector posts higher than EU average growth
Ministry of Finance, June 24, 2016 12:12 PM
Retail sales grew by 6.7 percent in April compared to the same period in the previous year, meaning sales have now increased for the 34th consecutive month. In international comparison, April’s increase in retail sales in Hungary was the highest in the European Union and well above the EU average of 2.4 percent.
Britain’s decision must be respected
Ministry of Finance, June 24, 2016 10:15 AM
“Every nation has the right to make a sovereign decision on how they wish to live their lives, and the British must also be afforded this right and their decision must be respected, but Hungary would nevertheless be glad if the United Kingdom were to remain a member of the European Union”, Minister for National Economy Mihály Varga said following the opening ceremony of a professional conference.
Hungary: a favourable investment ground for US businesses as well
Ministry of Finance, June 23, 2016 6:34 PM
The Hungarian Government’s investor-friendly economic policy offers favourable opportunities to businesses from the United States as well, Minister for National Economy Mihály Varga stated at the meeting held with the delegation of the US-Hungary Business Council.