Ministry of Finance
News
Hungarian economy maintained growth momentum throughout 2015
Ministry of Finance, February 12, 2016 10:53 AM
In Q4 2015, the Hungarian economy posted larger-than-expected growth of 3.2 percent year-on-year and 1 percent quarter-on-quarter. In the whole year, GDP grew by 2.9 percent. The upward growth trend, which has been unbroken for three years now, shows that Hungarian reforms are working.
2015: Another successful year for tourism in Hungary
Ministry of Finance, February 10, 2016 3:06 PM
Last year was another success story in the history of Hungary’s tourism sector. Tourism traffic was higher in each region; the number of arrivals and tourism nights grew by 7.4 percent and 5.4 percent, respectively. Revenues at accommodation establishments soared by 10 percent year-on-year, above the high base of 2014, another year of record highs. In the winter holiday season, Hungarians spent 39 000 more tourism nights at accommodation establishments than foreign visitors. This accounts for growth of 1.3 percent year-on-year.
Innovation-focused enterprises are economic role models
Ministry of Finance, February 9, 2016 4:27 PM
Economic momentum driving recent growth can only be maintained if domestic enterprisers are capable of continuous and permanent renewal, Minister for National Economy Mihály Varga said at the presentation ceremony of the Awards for Successful Enterprises.
Monthly fiscal data for the month of January 2016 among the best in recent years
Ministry of Finance, February 8, 2016 4:00 PM
The central sub system of the state budget closed the month of January 2016 with a surplus of HUF 92.2bn. Favourable data highlight prudent fiscal policy, as the central budget, Social Security Funds and Extra Budgetary State Funds registered surpluses of HUF 17.6bn, HUF 41.2bn and HUF 33.4bn, respectively.
Industrial sector expansion to continue in 2016
Ministry of Finance, February 5, 2016 1:18 PM
Industrial sector growth of 7.5-8 percent recorded in 2015 may be repeated in 2016, Deputy State Secretary for Domestic Economy said, commenting on the latest data published by the Hungarian Central Statistical Office (KSH).
The Hungarian industrial sector in the present and future options and challenges
Ministry of Finance, February 4, 2016 4:16 PM
In harmony with the reindustrialization strategy and objectives of the European Union, the Hungarian Government has formulated an industrial policy blueprint of its own. Hungary wants to utilize options offered by the planning period up to 2020 through channelling EU funding to enterprise development and help expand major production-oriented sectors.
Retail sector closed the year 2015 with impressive data
Ministry of Finance, February 3, 2016 11:28 AM
The retail sector’s growth of 2015 was unprecedented in the past more than ten years, Deputy State Secretary for Domestic Economy Áron Márk Lenner told public news channel M1, commenting on the latest retail sales data published by the Hungarian Central Statistical Office (KSH) earlier today.
An economic policy tailored to national interest
Ministry of Finance, February 2, 2016 12:02 PM
Looking back on the achievements of the past five years it can be concluded that Hungary has succeeded in overcoming the effects of the 2008 crisis, Minister for National Economy Mihály Varga said at a presentation for the students of Gadjah Mada University, in Yogyakarta, Indonesia.
A stable budget and predictable economic policy enable the Family Housing Programme
Ministry of Finance, February 1, 2016 3:50 PM
A stable state budget and a predictable economic policy have enabled the Government to launch a Family Housing Programme in 2016, Minister of State for Financial Affairs Ágnes Hornung told public news channel M1.
Number of people in employment above the 4 million mark for almost two years in Hungary
Ministry of Finance, January 28, 2016 1:15 PM
According to the latest report of the Hungarian Central Statistical Office (KSH), the number of people in employment has exceeded 4 million for almost two years in the month of December 2015. In the period October-December 2015, the number of people aged 15-74 years in employment rose by 118 thousand year-on-year, to a total of 4 million 259 thousand.