Ministry of Finance
News
Domestic retail sales growth beats EU average
Ministry of Finance, April 25, 2016 11:51 AM
The volume of retail sales grew by 6.6 percent and 4.4 percent, respectively, in February 2016 and in the initial two months of the year. Thus, an upward sales trend has been in place for the 32nd month in a row. The growth figure of February is the fifth largest within the European Union.
International Investment Bank and the Ministry for National Economy hold a common forum in Budapest
Ministry of Finance, April 21, 2016 4:02 PM
The aim of the forum organized jointly by the IIB and the NGM is to inform stakeholders of the Hungarian financial and business sectors of the bank’s activities and promote beneficial business relations, Minister of State for Financial Affairs Ágnes Hornung stressed at the opening of the conference.
Another investment project signals growing investor confidence
Ministry of Finance, April 21, 2016 3:12 PM
The Hungarian Government assists further economic expansion through investor-friendly pro-growth measures, Minister for National Economy Mihály Varga said at the inauguration of Eagle Ottawa Hungary Ltd.’s new production facility of HUF 5.5bn in Szolnok. Thanks to the project, 800 new jobs are to be available until the end of 2017. The realization of this project is a symbol of foreign investors’ trust in Hungary, he added.
Wages in real terms up by some 7 percent year-on-year
Ministry of Finance, April 20, 2016 11:51 AM
Real wages rose significantly, by 6.9 percent in January-February 2016, according to the Hungarian Central Statistical Office (KSH). Minister of State for Labour Market and Vocation Education Péter Cseresnyés said that these data showed an upward wage trend has been in place for more than 3 years in Hungary.
Hungarian-German economic relations are characterized by trust and partnership
Ministry of Finance, April 20, 2016 11:21 AM
The support of and cooperation with Germany, German enterprises active in Hungary and professional organizations have been decisive in Hungary’s achievements over the past couple of years, Minister for National Economy Mihály Varga stressed at the Hungarian-German economic forum held in Cologne. He visited the country as member of the delegation headed by PM Viktor Orbán.
Hungarian-German partnership for the development of electro-mobility
Ministry of Finance, April 20, 2016 10:05 AM
The Hungarian Government aims to assume a leading position in the field of electro-mobility in the region, by spearheading implementation and the introduction of successful models and R&D&I projects, Minister for National Economy Mihály Varga said, following the signing of a cooperation agreement on the research and development of electric engines in Cologne.
HUF 300bn more to be allocated for economic development this year
Ministry of Finance, April 19, 2016 2:52 PM
The Government has added some HUF 300bn to the existing fund of the Economic Development and Innovation Operative Programme (EDIOP), Minister of State for the Utilization of EU Funds Balázs Rákossy said. Thus, the fund -- avaialable until the end of 2016 -- totals more than HUF 2200bn, he stressed.
Hungary issues government bonds denominated in China’s national currency
Ministry of Finance, April 15, 2016 10:07 AM
Hungary issued Yuan-denominated government securities of CNY 1bn, or EUR 136.8 million, on the Chinese market and they were oversubscribed by more than two times, Minister for National Economy Mihály Varga said.
Irinyi Plan to safeguard the balanced development of economic sectors
Ministry of Finance, April 14, 2016 4:17 PM
The main objective of the Irinyi Plan is to assist the balanced, evenly strong and dynamic development of economic sectors, Minister of State for Economic Regulation and Development István Lepsényi told public news channel M1 earlier today.
Next year’s budget focuses on tax cuts and housing schemes
Ministry of Finance, April 14, 2016 1:47 PM
Minister for National Economy Mihály Varga called next year’s budget the budget of tax cuts and housing programmes. He revealed that after the reduction of VAT on pork, VAT on milk, eggs and poultry is also set to be cut next year to 5 percent, but the VAT of Internet and restaurant services is also planned to be reduced. The budget is drafted with zero operational deficit for the central sub sector of the state budget.