Ministry of Finance
News
Moderate inflation in the month of April 2016
Ministry of Finance, May 10, 2016 10:38 AM
In April 2016, consumer prices rose by 0.2 percent year-on-year, which signals a stable, benign inflationary environment. Price stability has helped preserve the value of wages and pensions, but it has also been facilitating consumption growth.
Fiscal deficit continues to be as projected
Ministry of Finance, May 9, 2016 1:42 PM
The Government’s economic policy has proven successful month after month, and this is also reflected by fiscal processes. At the end of April 2016, the central sub sector of the state budget accumulated a deficit of HUF 144.9bn, the lowest figure in this time of the year in the past fifteen years.
OECD Economic Survey of Hungary confirms Hungary’s economic achievements
Ministry of Finance, May 9, 2016 11:23 AM
The OECD Economic Survey of Hungary, published earlier today, presents an upbeat picture of the country’s macro-economic situation, Minister for National Economy Mihály Varga said at the press conference held after the presentation of the document.
Government to obtain a stake in Erste Bank Hungary
Ministry of Finance, May 5, 2016 4:08 PM
In accordance with the MoU concluded by the Government, the European Bank for Reconstruction and Development (EBRD) and Erste Bank AG, the Government has decided to purchase a 15 percent stake in Erste Bank Hungary Ltd, Minister for National Economy Mihály Varga announced earlier today. Key terms and conditions have already been laid down, and as soon as there is consensus on the remainder of details, a contract is expected to be signed up to the middle of June, he added.
Hungarian defence sector to take on a new role
Ministry of Finance, May 5, 2016 2:45 PM
The domestic defence sector, one of the most profitable industrial branches, may significantly bolster the national economy, Minister for National Economy Mihály Varga said at a forum on the export control of defence industry products organized by the Hungarian Trade Licensing Office.
Government submitted Hungary’s Convergence Programme
Ministry of Finance, May 2, 2016 11:23 AM
The Cabinet has submitted Hungary’s Convergence Programme for 2016-2020 to the European Commission.
IMF: Hungarian economy’s vulnerability improved
Ministry of Finance, May 2, 2016 11:20 AM
According to the regular annual IMF report that summarizes findings of the Article IV consultation, Hungary’s financial exposure has significantly diminished and the Hungarian economy has grown stronger.
EC Country Report also views the economic performance of Hungary as balanced
Ministry of Finance, April 27, 2016 3:02 PM
Minister for National Economy Mihály Varga and EC Commissioner for Education, Culture, Youth and Sport Tibor Navracsics discussed the European Commission’s Country Report on Hungary published at the end of February. As Mihály Varga said, the Report is much more balanced and objective than that of 2016.
Next year’s budget focuses on tax cuts and housing incentives
Ministry of Finance, April 27, 2016 12:20 PM
The 2017 Budget enables every Hungarian to make one step further, Minister for National Economy Mihály Varga said on Tuesday, before he handed over the 2017 Budget Bill to the Deputy President of Hungary’s National Assembly.
Hungary celebrates 20 years of OECD membership
Ministry of Finance, April 27, 2016 10:37 AM
Hungary has utilized a lot of the good practices of the OECD and its member countries over the past 20 years, but we have also enriched the organization with our own experiences, Minister of State for Financial Affairs and OECD National Commission President Ágnes Hornung said in her welcome speech at the special session held on the 20th anniversary of Hungary’s OECD membership in the grand hall of the Academy of Sciences in Budapest.