Ministry of Finance
News
New housing scheme to assist families and the construction sector
Ministry of Finance, January 15, 2016 1:19 PM
The recently presented housing scheme is a major endeavour expected to boost economic growth and achieve long-term social policy goals such as the reversal of a negative demographic trend and keeping skilled labour force in Hungary, Minister of State for Economic Development and Regulation István Lepsényi said at a press conference organized to promote the new programme.
Economic expansion to continue in 2016
Ministry of Finance, January 14, 2016 2:37 PM
It is in the best interest of each stakeholder within the Hungarian economy to operate in a sustainable economic environment, Minister for National Economy Mihály Varga said at a conference commemorating the 30th anniversary of the establishment of Hungary’s Joint Venture Association (JVSZ).
Sustainable industrial output growth in Hungary
Ministry of Finance, January 13, 2016 3:40 PM
In November 2015, the volume of industrial output grew by 9.5 percent year-on-year, while in the initial eleven months of the year the sector accumulated output growth of 7.3 percent. One can conclude that the sector has closed the year 2015 with dynamic expansion, Minister of State for Economic Development and Regulation István Lepsényi said at a press conference.
Tourism sector expansion continued in the month of November 2015
Ministry of Finance, January 13, 2016 1:46 PM
Tourism arrivals were up with regard to both foreign and domestic guests in November 2015. Accommodation establishment revenues generated by domestic guests rose by 17.3 percent year-on-year, as domestic tourism traffic saw further stable growth. Thus, in spite of the light drop in the number of tourism nights by foreigners, the total number of tourism nights grew by 2.4 percent.
Language laboratory sponsored by Turkey opens in Óbuda Secondary Grammar School
Ministry of Finance, January 12, 2016 3:17 PM
Hungary and Turkey regard each other with mutual respect, Minister for National Economy Mihály Varga, who is also MP for the 2nd and 3rd districts of Budapest, emphasised at the inauguration of a language lab in the Óbuda Secondary Grammar School. In the facility, funded by the Turkish Cooperation and Coordination Agency (TIKA), state-of-art equipment will assist language learning.
In 2016 volume of industrial output to be on a par with that of 2015
Ministry of Finance, January 8, 2016 2:14 PM
The Ministry for National Economy estimates that the volume of industrial output will be 7-8 percent for the entire year of 2015, following the 7.7 percent increase in the previous year. In light of industrial sector performance data of 2014 and 2015, the Hungarian economy has been on a sustainable, balanced growth path, Deputy State Secretary for Domestic Economy Áron Márk Lenner told public news channel M1.
MKB may be listed on the stock exchange
Ministry of Finance, January 8, 2016 11:55 AM
Hungary may combine the sales of two commercial banks that the Government has acquired from foreign owners with the possibility of listing MKB on the Budapest Stock Exchange, Minister for National Economy told Bloomberg in an interview.
Positive retail sales trend in place for more than two years now in Hungary
Ministry of Finance, January 7, 2016 4:23 PM
Consumer confidence has been positive for at least the past 30 months in Hungary and thus households’ propensity to spend reached levels last seen at the beginning of the 2000s, Deputy State Secretary for Priority Enterprise Relations Zoltán István Marczinkó told public news channel M1, commenting on the latest retail sales data published by the Hungarian Central Statistical Office (KSH).
The state of the central sub sector of the state budget in the year 2015
Ministry of Finance, January 7, 2016 3:56 PM
Preliminary data show that the central sub system of the state budget accumulated a deficit of HUF 1218.6bn for the year 2015. Within that, the central state budget and Social Security Funds posted deficits of 1195.9bn HUF and HUF 24.9bn, respectively, while Extra Budgetary State Funds registered a surplus of HUF 2.2bn. In the final month of the year, the deficit of the central sub system was HUF 247.8bn.
Budgetary processes even more positive than prior modified prognoses
Ministry of Finance, January 6, 2016 1:35 PM
Speaking at a press conference on fiscal data for 2015, Minister for National Economy Mihály Varga said last year was a turning point, as the vulnerability of Hungary’s economy has diminished and thanks to rising wages and improving employment situation and consumption the Hungarian economy has been placed on a stable growth path. As a result of favourable trends, the general government budget deficit will be around 2 percent of GDP and the government debt-to-GDP ratio is set to fall below 76 percent for 2015.