Ministry of Finance
News
Hungarian vocational education discussed by Bojidar Loukarski and Mihály Varga
Ministry of Finance, March 17, 2016 1:41 PM
The Economy Ministers of the Bulgaria and Hungary met in Budapest to exchange views on developing regional cooperation. One major topic on the meeting’s agenda was the dual vocational education system, regarding which Bulgaria has proposed further talks.
Hungary's new EBRD programme to focus on banks and energy
Ministry of Finance, March 15, 2016 5:53 PM
The European Bank for Reconstruction and Development's new five-year plan for Hungary, due next week, will target stakes in banks and expanding the country's gas pipeline network, the country's EBRD board member said on Tuesday.
Hungarian industrial sector expected to further expand this year
Ministry of Finance, March 11, 2016 11:11 AM
In January 2016, data adjusted for workday-effects show that industrial output rose year-on-year by 2.2 percent. Following last year’s dynamic growth of 7.7 percent, the presumably transitory slow-down was the result of car industry production breaks at the end of the year.
Industrial development can only guarantee economic growth
Ministry of Finance, March 10, 2016 3:21 PM
Our common goal is to create a strong Hungarian economy that will enable us to take our place among highly-developed industrial countries, Minister for National Economy Mihály Varga said at a conference of the Hungarian Chamber of Commerce and Industry.
Balance indicators of Hungarian economy are sound
Ministry of Finance, March 9, 2016 3:30 PM
According to the latest report of the European Commission, which analyses the economic balance indicators of member states, Hungary is “not experiencing macro-economic imbalances”.
European Commission’s Country Report acknowledges achievements of Hungarian economic policy
Ministry of Finance, March 9, 2016 12:23 PM
At the latest ECOFIN session, EU finance ministers discussed the recently published Country Reports of the European Commission. Outlining Hungary’s standpoint, Minister for National Economy Mihály Varga said that compared to the previous report of 2015, the study is more balanced, and it paints a much more favourable picture of the country’s economic situation. In addition, finance ministers agreed that the number of data exchanged automatically between tax authorities must be increased.
Best ever fiscal balance data registered at the end of February 2016 in Hungary
Ministry of Finance, March 8, 2016 2:04 PM
Minister for National Economy Mihály Varga said it was a historic achievement that the central government budget posted a surplus for the initial two months of the year, as it has been unprecedented since 1998, when the current calculation method was introduced. The surplus of HUF 14.8bn is an evident sign of predictable and responsible fiscal management, he added.
Inflation slightly down in February 2016
Ministry of Finance, March 8, 2016 1:27 PM
The rate of inflation grew year-on-year by 0.3 percent in February 2016, which – thanks to lower fuel prices – was well below the 0.9 percent figure registered last month. The Hungarian economy has been characterized by subdued inflation; thus incomes can preserve their value and stable prices make it easier for enterprises to draw up future plans.
Hungarian GDP growth was balanced in 2015
Ministry of Finance, March 8, 2016 11:27 AM
In Q4 2015, Hungary’s GDP grew by 3.2 percent year-on-year, while in 2015 the economy expanded by 2.9 percent. The government debt-to-GDP ratio, 75.3 percent, was also below prior estimates, down by 1 percentage point compared to the level of 2014.
Hungary to receive a loan facility of EUR 500 million from the European Investment Bank
Ministry of Finance, March 7, 2016 4:04 PM
Minister for National Economy Mihály Varga and EIB Vice President László Baranyay signed a credit facility agreement of EUR 500 million, which the Government can use to finance the development of public road network in Hungary over the next five years.